$0.23 Earnings Per Share Expected for VeriFone Systems Inc (PAY) This Quarter
Equities analysts expect that VeriFone Systems Inc (NYSE:PAY) will post earnings per share of $0.23 for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for VeriFone Systems’ earnings. The highest EPS estimate is $0.24 and the lowest is $0.22. VeriFone Systems reported earnings of $0.21 per share in the same quarter last year, which would indicate a positive year over year growth rate of 9.5%. The firm is scheduled to report its next earnings results after the market closes on Thursday, March 8th.
According to Zacks, analysts expect that VeriFone Systems will report full year earnings of $1.48 per share for the current year, with EPS estimates ranging from $1.47 to $1.50. For the next year, analysts anticipate that the company will post earnings of $1.73 per share, with EPS estimates ranging from $1.63 to $1.85. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover VeriFone Systems.
VeriFone Systems (NYSE:PAY) last released its quarterly earnings results on Tuesday, December 12th. The business services provider reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The company had revenue of $477.00 million for the quarter, compared to analysts’ expectations of $472.33 million. VeriFone Systems had a positive return on equity of 13.52% and a negative net margin of 9.29%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share.
Institutional investors have recently bought and sold shares of the stock. DORCHESTER WEALTH MANAGEMENT Co lifted its stake in shares of VeriFone Systems by 5.5% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 168,255 shares of the business services provider’s stock worth $2,980,000 after acquiring an additional 8,795 shares during the period. Capital Management Associates NY acquired a new position in VeriFone Systems in the third quarter valued at approximately $375,000. SG Americas Securities LLC lifted its stake in VeriFone Systems by 763.1% in the third quarter. SG Americas Securities LLC now owns 74,552 shares of the business services provider’s stock valued at $1,512,000 after buying an additional 65,914 shares during the period. California Public Employees Retirement System lifted its stake in VeriFone Systems by 1.6% in the third quarter. California Public Employees Retirement System now owns 1,147,906 shares of the business services provider’s stock valued at $23,280,000 after buying an additional 18,306 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in VeriFone Systems by 7.4% in the third quarter. Wells Fargo & Company MN now owns 1,030,840 shares of the business services provider’s stock valued at $20,906,000 after buying an additional 70,684 shares during the period.
Shares of VeriFone Systems (NYSE:PAY) opened at $17.52 on Wednesday. The firm has a market capitalization of $1,930.00, a PE ratio of -11.30, a PEG ratio of 1.71 and a beta of 1.77. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.09 and a current ratio of 1.33. VeriFone Systems has a twelve month low of $16.00 and a twelve month high of $21.48.
VeriFone Systems declared that its board has approved a share buyback program on Tuesday, December 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
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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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