Verifone Systems (PAY) Getting Somewhat Positive Press Coverage, Analysis Shows
Media coverage about Verifone Systems (NYSE:PAY) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Verifone Systems earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 45.0947762353828 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- Verifone Systems, Inc. (NYSE:PAY) Sees Significantly Lower … – First News 24 (firstnewspaper24.com)
- Analysts Anticipate Verifone Systems, Inc. (PAY) Will Post Quarterly Sales of $471.98 Million (americanbankingnews.com)
- Zacks Investment Research Upgrades Verifone Systems, Inc. (PAY) to “Hold” (americanbankingnews.com)
- Verifone Systems, Inc. (NYSE:PAY) Closed Over Its 50 Day Average – First News 24 (firstnewspaper24.com)
- Verifone Systems (PAY) and The Competition Head to Head Review (americanbankingnews.com)
PAY has been the topic of a number of analyst reports. Royal Bank Of Canada lowered 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. Barclays PLC reissued an “equal weight” rating and set a $20.00 target price (down previously from $22.00) on shares of Verifone Systems in a report on Sunday, June 11th. BTIG Research reissued a “neutral” rating on shares of Verifone Systems in a report on Monday, June 12th. Imperial Capital lowered 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, BMO Capital Markets lowered 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. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $19.08.
Shares of Verifone Systems (PAY) opened at 20.45 on Friday. The firm has a 50-day moving average of $19.52 and a 200 day moving average of $18.74. The company’s market capitalization is $2.29 billion. Verifone Systems has a 1-year low of $14.94 and a 1-year high of $21.48.
Verifone Systems (NYSE:PAY) last issued its quarterly earnings data on Thursday, September 7th. The business services provider reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. Verifone Systems had a negative net margin of 9.76% and a positive return on equity of 11.19%. The business had revenue of $466.90 million during the quarter, compared to analysts’ expectations of $464.13 million. During the same period last year, the company posted $0.42 EPS. The business’s revenue was down 5.2% on a year-over-year basis. On average, analysts anticipate that Verifone Systems will post $1.30 EPS for the current year.
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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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