Verifone Systems, Inc. (NYSE:PAY) posted its quarterly earnings results on Thursday. The business services provider reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36, Bloomberg Earnings reports. Verifone Systems had a negative net margin of 7.53% and a positive return on equity of 11.55%. The company had revenue of $466.90 million during the quarter, compared to the consensus estimate of $464.13 million. During the same period last year, the firm earned $0.42 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. Verifone Systems updated its Q4 guidance to $0.43 EPS.

Verifone Systems (NYSE PAY) traded up 0.57% during trading on Thursday, hitting $19.43. 3,550,925 shares of the company traded hands. The firm has a 50 day moving average of $19.29 and a 200 day moving average of $18.73. The firm’s market cap is $2.17 billion. Verifone Systems has a one year low of $14.94 and a one year high of $20.98.

COPYRIGHT VIOLATION WARNING: “Verifone Systems, Inc. (PAY) Releases Earnings Results, Hits Expectations” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/09/07/verifone-systems-inc-pay-releases-earnings-results-hits-expectations.html.

A number of brokerages have recently weighed in on PAY. BidaskClub cut shares of Verifone Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research cut shares of Verifone Systems from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Northcoast Research cut shares of Verifone Systems from a “buy” rating to a “neutral” rating in a research note on Wednesday. Imperial Capital dropped their price objective on shares of Verifone Systems from $20.00 to $19.00 and set an “in-line” rating for the company in a research note on Tuesday, June 13th. Finally, BTIG Research reissued a “neutral” rating on shares of Verifone Systems in a research note on Monday, June 12th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. Verifone Systems presently has an average rating of “Hold” and a consensus price target of $18.35.

Verifone Systems Company Profile

VeriFone Systems, Inc offers payments and commerce solutions. The Company is engaged in designing, manufacturing, marketing and supplying a range of payment solutions and complementary services. It provides solutions and services for the retail point-of-sale (POS) that enable various forms of commerce.

Earnings History for Verifone Systems (NYSE:PAY)

Receive News & Ratings for Verifone Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verifone Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.