VeriFone Systems (PAY) Releases Quarterly Earnings, Beats Expectations By $0.05 EPS
VeriFone Systems (NYSE:PAY) announced its earnings results on Thursday. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.05, Analyst Ratings Network reports. The company had revenue of $476.00 million for the quarter, compared to the consensus estimate of $458.90 million.
Shares of VeriFone Systems (NYSE:PAY) opened at 34.54 on Thursday. VeriFone Systems has a 52-week low of $20.20 and a 52-week 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 $3.859 billion.
A number of analysts have recently weighed in on PAY shares. 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 the ratings front, 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 assigned a buy rating to the company. VeriFone Systems has an average rating of “Hold” and a consensus target price of $33.08.
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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