Equities research analysts expect that Verifone Systems, Inc. (NYSE:PAY) will announce sales of $471.98 million for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Verifone Systems’ earnings, with the lowest sales estimate coming in at $468.82 million and the highest estimate coming in at $474.20 million. Verifone Systems posted sales of $467.60 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.9%. The firm is scheduled to report its next earnings results on Monday, December 11th.

According to Zacks, analysts expect that Verifone Systems will report full-year sales of $471.98 million for the current financial year, with estimates ranging from $1.86 billion to $1.87 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.91 billion per share, with estimates ranging from $1.81 billion to $1.96 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Verifone Systems.

Verifone Systems (NYSE:PAY) last issued its quarterly earnings results on Thursday, September 7th. The business services provider reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. The firm had revenue of $466.90 million during the quarter, compared to the consensus estimate of $464.13 million. Verifone Systems had a positive return on equity of 11.19% and a negative net margin of 9.76%. Verifone Systems’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 earnings per share.

A number of equities analysts have recently commented on the company. Barclays PLC reiterated a “hold” rating and issued a $22.00 price objective on shares of Verifone Systems in a research note on Friday, September 29th. BidaskClub lowered Verifone Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research lowered Verifone Systems from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Imperial Capital dropped their price objective on Verifone Systems from $20.00 to $19.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 13th. Finally, Bank of America Corporation assumed coverage on Verifone Systems in a research note on Tuesday, September 12th. They issued an “underperform” rating and a $19.00 price objective on the stock. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the stock. Verifone Systems presently has an average rating of “Hold” and an average target price of $19.20.

Verifone Systems (PAY) opened at 20.58 on Wednesday. The company has a 50-day moving average price of $20.19 and a 200-day moving average price of $18.88. The stock’s market cap is $2.31 billion. Verifone Systems has a one year low of $14.94 and a one year high of $21.48.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Bbva Compass Bancshares Inc. grew its position in Verifone Systems by 1.2% during the second quarter. Bbva Compass Bancshares Inc. now owns 19,628 shares of the business services provider’s stock worth $355,000 after buying an additional 229 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its position in Verifone Systems by 0.3% during the first quarter. Metropolitan Life Insurance Co. NY now owns 108,304 shares of the business services provider’s stock worth $2,029,000 after buying an additional 281 shares in the last quarter. Hanson & Doremus Investment Management grew its position in Verifone Systems by 0.4% during the second quarter. Hanson & Doremus Investment Management now owns 107,215 shares of the business services provider’s stock worth $1,941,000 after buying an additional 455 shares in the last quarter. Advantus Capital Management Inc grew its position in Verifone Systems by 3.6% during the first quarter. Advantus Capital Management Inc now owns 14,286 shares of the business services provider’s stock worth $268,000 after buying an additional 495 shares in the last quarter. Finally, Comerica Bank grew its position in Verifone Systems by 0.5% during the second quarter. Comerica Bank now owns 107,747 shares of the business services provider’s stock worth $2,120,000 after buying an additional 535 shares in the last quarter.

About Verifone Systems

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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Earnings History and Estimates for Verifone Systems (NYSE:PAY)

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