Somewhat Critical Media Coverage Somewhat Unlikely to Impact Verifone Systems (PAY) Share Price
Media stories about Verifone Systems (NYSE:PAY) have trended somewhat negative on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Verifone Systems earned a news sentiment score of -0.08 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 45.3327643441418 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Contactless Payment Transaction Market, Wearable Devices, and Contactless Mobile Payment – Global Industry … – Markets Insider (markets.businessinsider.com)
- Stocks Under Scanner in the Business Equipment Space — VeriFone Systems … (prnewswire.com)
- Verifone Systems, Inc. (PAY) Receives $18.19 Average Price Target from Analysts (expressnewsline.com)
- Verifone Systems, Inc. (NYSE:PAY) Experiences Lighter than Usual Trading Volume – Modern Readers (modernreaders.com)
- Verifone Systems, Inc. (NYSE:PAY) Experiences Light Trading Volume – First News 24 (firstnewspaper24.com)
Verifone Systems (NYSE PAY) traded down 0.59% on Friday, hitting $18.55. 1,464,690 shares of the stock traded hands. The stock has a 50-day moving average price of $18.94 and a 200 day moving average price of $18.68. Verifone Systems has a 1-year low of $14.94 and a 1-year high of $20.98. The company’s market cap is $2.07 billion.
Verifone Systems (NYSE:PAY) last released its quarterly earnings data on Thursday, June 8th. The business services provider reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. The company had revenue of $474 million during the quarter, compared to analyst estimates of $472.80 million. Verifone Systems had a negative net margin of 7.53% and a positive return on equity of 11.55%. Verifone Systems’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 EPS. On average, analysts anticipate that Verifone Systems will post $1.33 EPS for the current fiscal year.
Several brokerages recently commented on PAY. BMO Capital Markets dropped their target price on shares of Verifone Systems from $21.00 to $20.00 and set a “market perform” rating on the stock in a report on Friday, June 16th. Zacks Investment Research upgraded shares of Verifone Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub downgraded shares of Verifone Systems from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Imperial Capital dropped their target price on shares of Verifone Systems from $20.00 to $19.00 and set an “in-line” rating on the stock in a report on Tuesday, June 13th. Finally, Royal Bank Of Canada dropped their target price on shares of Verifone Systems from $23.00 to $20.00 and set a “sector perform” rating on the stock in a report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $18.73.
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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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