Analysts expect that VeriFone Systems Inc (NYSE:PAY) will report earnings per share (EPS) of $0.23 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for VeriFone Systems’ earnings, with estimates ranging from $0.21 to $0.27. VeriFone Systems reported earnings per share of $0.38 in the same quarter last year, which would suggest a negative year over year growth rate of 39.5%. The business is scheduled to announce its next quarterly earnings results on Tuesday, June 6th.

On average, analysts expect that VeriFone Systems will report full year earnings of $1.08 per share for the current financial year, with EPS estimates ranging from $1.02 to $1.10. For the next fiscal year, analysts anticipate that the business will report earnings of $1.39 per share, with EPS estimates ranging from $1.28 to $1.61. Zacks’ earnings per share averages are an average based on a survey of analysts that follow VeriFone Systems.

VeriFone Systems (NYSE:PAY) last posted its quarterly earnings data on Thursday, March 9th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $457 million for the quarter, compared to analyst estimates of $449.37 million. VeriFone Systems had a negative net margin of 0.46% and a positive return on equity of 16.78%. The business’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share.

A number of brokerages have recently commented on PAY. Imperial Capital upped their price target on VeriFone Systems from $18.00 to $20.00 and gave the stock an “in-line” rating in a report on Thursday, March 23rd. Royal Bank of Canada upped their price target on VeriFone Systems from $20.00 to $23.00 and gave the stock a “sector perform” rating in a report on Friday, March 10th. BTIG Research lowered VeriFone Systems from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a report on Friday, March 10th. Deutsche Bank AG restated a “hold” rating and issued a $15.00 target price on shares of VeriFone Systems in a research note on Monday, March 13th. Finally, Zacks Investment Research upgraded VeriFone Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, March 8th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the company’s stock. VeriFone Systems has a consensus rating of “Hold” and a consensus target price of $22.25.

Hedge funds have recently made changes to their positions in the company. River Road Asset Management LLC boosted its stake in shares of VeriFone Systems by 122.9% in the third quarter. River Road Asset Management LLC now owns 2,197,451 shares of the business services provider’s stock valued at $34,588,000 after buying an additional 1,211,501 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of VeriFone Systems during the fourth quarter valued at approximately $18,842,000. Renaissance Technologies LLC acquired a new stake in shares of VeriFone Systems during the fourth quarter valued at approximately $11,069,000. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of VeriFone Systems by 426.0% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 336,061 shares of the business services provider’s stock valued at $5,290,000 after buying an additional 272,171 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its stake in shares of VeriFone Systems by 4.2% in the third quarter. BlackRock Fund Advisors now owns 3,973,765 shares of the business services provider’s stock valued at $62,547,000 after buying an additional 161,120 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.

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VeriFone Systems (NYSE:PAY) traded up 3.05% during mid-day trading on Thursday, hitting $17.93. 1,755,071 shares of the stock were exchanged. The company has a 50 day moving average price of $18.87 and a 200 day moving average price of $17.83. The stock’s market cap is $2.00 billion. VeriFone Systems has a 52 week low of $14.94 and a 52 week high of $29.73.

About VeriFone Systems

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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