Wall Street brokerages expect that Verifone Systems, Inc. (NYSE:PAY) will post $0.43 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Verifone Systems’ earnings. The lowest EPS estimate is $0.42 and the highest is $0.44. Verifone Systems reported earnings of $0.30 per share in the same quarter last year, which would suggest a positive year over year growth rate of 43.3%. The firm is expected to report its next earnings report after the market closes on Tuesday, December 12th.

On average, analysts expect that Verifone Systems will report full-year earnings of $1.30 per share for the current year, with EPS estimates ranging from $1.29 to $1.31. For the next financial year, analysts forecast that the business will post earnings of $1.57 per share, with EPS estimates ranging from $1.50 to $1.70. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Verifone Systems.

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

Several brokerages recently weighed in on PAY. Barclays restated a “hold” rating and issued a $22.00 price target 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. Raymond James Financial lowered Verifone Systems from a “strong-buy” rating to an “outperform” rating in a research note on Sunday, November 26th. Finally, Bank of America began coverage on Verifone Systems in a research note on Tuesday, September 12th. They issued an “underperform” rating and a $19.00 price target for the company. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. Verifone Systems presently has a consensus rating of “Hold” and a consensus target price of $19.61.

Verifone Systems (NYSE:PAY) opened at $17.52 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.32 and a debt-to-equity ratio of 1.04. Verifone Systems has a 52 week low of $16.03 and a 52 week high of $21.48. The firm has a market capitalization of $1,980.00, a PE ratio of 21.60, a P/E/G ratio of 1.30 and a beta of 1.96.

A number of large investors have recently bought and sold shares of the business. Bbva Compass Bancshares Inc. boosted its holdings in shares of Verifone Systems by 1.2% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 19,628 shares of the business services provider’s stock worth $355,000 after purchasing an additional 229 shares during the last quarter. Comerica Bank boosted its holdings in shares of Verifone Systems by 0.5% during the 2nd quarter. Comerica Bank now owns 107,747 shares of the business services provider’s stock worth $2,120,000 after purchasing an additional 535 shares during the last quarter. NGAM Advisors L.P. boosted its holdings in shares of Verifone Systems by 5.2% during the 2nd quarter. NGAM Advisors L.P. now owns 12,628 shares of the business services provider’s stock worth $229,000 after purchasing an additional 622 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Verifone Systems by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 47,100 shares of the business services provider’s stock worth $853,000 after purchasing an additional 700 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its holdings in shares of Verifone Systems by 1.5% during the 2nd quarter. State Treasurer State of Michigan now owns 46,000 shares of the business services provider’s stock worth $833,000 after purchasing an additional 700 shares during the last quarter.

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

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