Verifone Systems (PAY) Announces Quarterly Earnings Results

Verifone Systems (NYSE:PAY) issued its earnings results on Monday. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01, Bloomberg Earnings reports. Verifone Systems had a negative net margin of 9.76% and a positive return on equity of 11.19%. The business had revenue of $477.00 million for the quarter, compared to analyst estimates of $472.33 million. During the same period in the previous year, the business earned $0.30 EPS. The firm’s revenue was up 2.8% on a year-over-year basis.

Shares of Verifone Systems (NYSE PAY) traded up $0.28 during mid-day trading on Tuesday, reaching $18.47. 4,251,012 shares of the company traded hands, compared to its average volume of 1,596,779. Verifone Systems has a 12-month low of $16.03 and a 12-month high of $21.48. The company has a market cap of $2,018.64, a P/E ratio of 22.28, a P/E/G ratio of 1.34 and a beta of 1.96. The company has a quick ratio of 1.10, a current ratio of 1.32 and a debt-to-equity ratio of 1.04.

Several brokerages have recently weighed in on PAY. Zacks Investment Research upgraded shares of Verifone Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Bank of America began coverage on shares of Verifone Systems in a research report on Tuesday, September 12th. They set an “underperform” rating and a $19.00 target price on the stock. Citigroup began coverage on shares of Verifone Systems in a research report on Friday, September 15th. They set a “neutral” rating and a $23.00 target price on the stock. Barclays reiterated a “hold” rating and set a $22.00 target price on shares of Verifone Systems in a research report on Friday, September 29th. Finally, BTIG Research reiterated a “hold” rating on shares of Verifone Systems in a research report on Monday, September 11th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $19.61.

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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.

Earnings History for Verifone Systems (NYSE:PAY)

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