Verifone Systems (NYSE:PAY) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.22 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.34. The company issued revenue guidance of $418-420 million, compared to the consensus revenue estimate of $466.91 million.Verifone Systems also updated its FY18 guidance to $1.47-1.50 EPS.

Verifone Systems (NYSE:PAY) opened at $18.47 on Wednesday. The stock has a market cap of $2,034.30, a P/E ratio of 22.46, a P/E/G ratio of 1.35 and a beta of 1.96. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.32 and a quick ratio of 1.10. Verifone Systems has a one year low of $16.03 and a one year high of $21.48.

Verifone Systems (NYSE:PAY) last announced its quarterly earnings data on Tuesday, December 12th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $477.00 million for the quarter, compared to analysts’ expectations of $472.33 million. Verifone Systems had a negative net margin of 9.76% and a positive return on equity of 11.19%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. equities analysts anticipate that Verifone Systems will post 0.99 EPS for the current fiscal year.

A number of analysts have weighed in on PAY shares. BidaskClub cut shares of Verifone Systems from a hold rating to a sell rating in a research note on Wednesday, August 16th. Northcoast Research cut shares of Verifone Systems from a buy rating to a neutral rating in a research note on Wednesday, September 6th. Piper Jaffray Companies reaffirmed a hold rating and set a $20.00 target price on shares of Verifone Systems in a research note on Friday, September 8th. Zacks Investment Research cut shares of Verifone Systems from a hold rating to a sell rating in a research note on Friday, September 8th. Finally, Jefferies Group reaffirmed a buy rating and set a $23.00 target price (up previously from $20.00) on shares of Verifone Systems in a research note on Monday, September 11th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $19.61.

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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.

Earnings History and Estimates for Verifone Systems (NYSE:PAY)

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