Verifone Systems, Inc. (NYSE:PAY) – Equities researchers at SunTrust Banks issued their Q1 2018 EPS estimates for shares of Verifone Systems in a research note issued on Thursday. SunTrust Banks analyst A. Jeffrey forecasts that the business services provider will post earnings per share of $0.24 for the quarter. SunTrust Banks also issued estimates for Verifone Systems’ Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $1.28 EPS.

Verifone Systems (NYSE:PAY) last posted its quarterly earnings data on Thursday, September 7th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The business had revenue of $466.90 million during the quarter, compared to analysts’ expectations of $464.13 million. Verifone Systems had a negative net margin of 9.76% and a positive return on equity of 11.19%. The business’s revenue was down 5.2% on a year-over-year basis. During the same period last year, the firm posted $0.42 earnings per share. COPYRIGHT VIOLATION NOTICE: This news story was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/30/verifone-systems-inc-to-post-q1-2018-earnings-of-0-24-per-share-suntrust-banks-forecasts-pay.html.

Several other research firms have also recently weighed in on PAY. Jefferies Group LLC reiterated a “buy” rating and issued a $23.00 price target (up previously from $20.00) on shares of Verifone Systems in a report on Monday, September 11th. BidaskClub upgraded shares of Verifone Systems from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Verifone Systems from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Bank of America Corporation assumed coverage on shares of Verifone Systems in a report on Tuesday, September 12th. They set an “underperform” rating and a $19.00 target price for the company. Finally, Northcoast Research cut shares of Verifone Systems from a “buy” rating to a “neutral” rating in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company. Verifone Systems currently has an average rating of “Hold” and an average target price of $19.15.

Shares of Verifone Systems (NYSE:PAY) opened at 19.64 on Monday. The company’s 50-day moving average is $20.39 and its 200-day moving average is $19.01. Verifone Systems has a one year low of $15.10 and a one year high of $21.48. The company’s market capitalization is $2.20 billion.

Several large investors have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Verifone Systems by 46.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 57,590 shares of the business services provider’s stock worth $1,168,000 after buying an additional 18,333 shares during the last quarter. Hanson & Doremus Investment Management boosted its holdings in shares of Verifone Systems by 3.4% in the 3rd quarter. Hanson & Doremus Investment Management now owns 110,905 shares of the business services provider’s stock worth $2,249,000 after buying an additional 3,690 shares during the last quarter. Peregrine Capital Management LLC boosted its holdings in shares of Verifone Systems by 2.1% in the 3rd quarter. Peregrine Capital Management LLC now owns 418,449 shares of the business services provider’s stock worth $8,486,000 after buying an additional 8,504 shares during the last quarter. North Star Asset Management Inc. boosted its holdings in shares of Verifone Systems by 3.1% in the 3rd quarter. North Star Asset Management Inc. now owns 383,581 shares of the business services provider’s stock worth $7,184,000 after buying an additional 11,560 shares during the last quarter. Finally, Aperio Group LLC boosted its holdings in shares of Verifone Systems by 41.4% in the 3rd quarter. Aperio Group LLC now owns 19,652 shares of the business services provider’s stock worth $399,000 after buying an additional 5,752 shares during the last quarter.

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 and Estimates for Verifone Systems (NYSE:PAY)

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