Verifone Systems, Inc. (PAY) Releases Q4 Earnings Guidance
Verifone Systems, Inc. (NYSE:PAY) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.43 for the period, compared to the Thomson Reuters consensus estimate of $0.46. The company issued revenue guidance of $470-473 million, compared to the consensus revenue estimate of $474.42 million.
Several equities analysts have recently commented on the company. Barclays PLC restated an equal weight rating and set a $20.00 price target (down previously from $22.00) on shares of Verifone Systems in a research note on Sunday, June 11th. Zacks Investment Research lowered Verifone Systems from a hold rating to a sell rating in a research note on Tuesday, May 23rd. BidaskClub lowered Verifone Systems from a hold rating to a sell rating in a research note on Wednesday, August 16th. BTIG Research restated a neutral rating on shares of Verifone Systems in a research note on Monday, June 12th. Finally, Royal Bank Of Canada cut their price target on Verifone Systems from $23.00 to $20.00 and set a sector perform rating on the stock in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $18.35.
Shares of Verifone Systems, Inc. (PAY) traded up 0.57% during midday trading on Thursday, reaching $19.43. The company had a trading volume of 3,545,872 shares. The company’s 50 day moving average price is $19.29 and its 200-day moving average price is $18.73. The company’s market capitalization is $2.17 billion. Verifone Systems, Inc. has a 52 week low of $14.94 and a 52 week high of $20.98.
Verifone Systems (NYSE:PAY) last released its quarterly earnings data on Thursday, June 8th. The business services provider reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. Verifone Systems had a positive return on equity of 11.55% and a negative net margin of 7.53%. The business had revenue of $474 million for the quarter, compared to the consensus estimate of $472.80 million. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue for the quarter was down 9.9% on a year-over-year basis. On average, equities research analysts predict that Verifone Systems, Inc. will post $1.33 earnings per share for the current fiscal year.
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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.
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