VeriFone Systems Inc (PAY) Updates Q4 Earnings Guidance
VeriFone Systems Inc (NYSE:PAY) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.39-0.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.42, AnalystRatingsNetwork reports. The company issued revenue guidance of $478-483 million, compared to the consensus revenue estimate of $471.82 million.
A number of research firms have recently commented on PAY. Analysts at Zacks reiterated a neutral rating on shares of VeriFone Systems in a research note on Monday, August 18th. They now have a $36.00 price target on the stock. On a related note, analysts at JPMorgan Chase & Co. reiterated an overweight rating on shares of VeriFone Systems in a research note on Wednesday, August 13th. They now have a $41.00 price target on the stock, up previously from $39.00. Finally, analysts at Goldman Sachs reiterated a neutral rating on shares of VeriFone Systems in a research note on Tuesday, July 8th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. VeriFone Systems currently has a consensus rating of Hold and an average target price of $33.08.
Shares of VeriFone Systems Inc (NYSE:PAY) traded up 4.00% on Thursday, hitting $35.92. The stock had a trading volume of 2,122,609 shares. VeriFone Systems Inc has a one year low of $20.20 and a one year high of $38.26. The stock has a 50-day moving average of $34.65 and a 200-day moving average of $33.72. The company’s market cap is $4.013 billion.
VeriFone Systems (NYSE:PAY) last released its earnings data on Thursday, September 4th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.05. The company had revenue of $476.00 million for the quarter, compared to the consensus estimate of $458.69 million. During the same quarter last year, the company posted $0.24 earnings per share. VeriFone Systems’s revenue was up 14.4% compared to the same quarter last year. Analysts expect that VeriFone Systems Inc will post $1.45 EPS for the current fiscal year.
VeriFone Systems, Inc (NYSE:PAY), formerly VeriFone Holdings, Inc, is a holding company for VeriFone, Inc The Company is engaged in the secure electronic payment solutions.
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