Wall Street brokerages forecast that VeriFone Systems Inc (NYSE:PAY) will report $0.45 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have made estimates for VeriFone Systems’ earnings. The lowest EPS estimate is $0.43 and the highest is $0.48. VeriFone Systems reported earnings of $0.36 per share in the same quarter last year, which indicates a positive year over year growth rate of 25%. The firm is expected to report its next earnings results on Thursday, September 6th.
According to Zacks, analysts expect that VeriFone Systems will report full-year earnings of $1.48 per share for the current fiscal year, with EPS estimates ranging from $1.47 to $1.50. For the next financial year, analysts expect that the company will post earnings of $1.74 per share, with EPS estimates ranging from $1.70 to $1.77. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow VeriFone Systems.
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A number of equities analysts have recently commented on PAY shares. Tigress Financial lowered shares of VeriFone Systems from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 11th. Zacks Investment Research raised shares of VeriFone Systems from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Wednesday, April 11th. TheStreet raised shares of VeriFone Systems from a “d+” rating to a “c-” rating in a research note on Monday, April 16th. BTIG Research reaffirmed a “hold” rating on shares of VeriFone Systems in a research note on Sunday, March 11th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $23.04 target price on shares of VeriFone Systems in a research note on Tuesday, April 10th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.34.
Shares of VeriFone Systems traded down $0.01, reaching $22.83, during trading hours on Friday, MarketBeat Ratings reports. The stock had a trading volume of 765,732 shares, compared to its average volume of 1,802,533. The company has a current ratio of 1.46, a quick ratio of 1.22 and a debt-to-equity ratio of 1.09. VeriFone Systems has a 12 month low of $14.90 and a 12 month high of $23.14. The firm has a market capitalization of $2.53 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 1.26 and a beta of 1.53.
Hedge funds have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. purchased a new position in shares of VeriFone Systems during the fourth quarter worth approximately $123,000. BKS Advisors LLC purchased a new position in shares of VeriFone Systems during the first quarter worth approximately $163,000. Signition LP purchased a new position in shares of VeriFone Systems during the first quarter worth approximately $178,000. Stone Ridge Asset Management LLC purchased a new position in shares of VeriFone Systems during the fourth quarter worth approximately $186,000. Finally, FDx Advisors Inc. purchased a new position in shares of VeriFone Systems during the fourth quarter worth approximately $199,000.
VeriFone Systems Company Profile
VeriFone Systems, Inc provides payments and commerce solutions at the point of sale (POS) worldwide. It offers countertop solutions that accept payment options, including contactless, NFC, mobile wallets, and EMV; PIN pads that support credit and debit card, EBT, EMV, and other PIN-based transactions; and multilane consumer facing commerce devices.
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