Verifone Systems (PAY) Issues Q1 Earnings Guidance
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.
ILLEGAL ACTIVITY WARNING: “Verifone Systems (PAY) Issues Q1 Earnings Guidance” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://www.watchlistnews.com/verifone-systems-pay-issues-q1-earnings-guidance/1760907.html.
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.
Receive News & Ratings for Verifone Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verifone Systems and related companies with Analyst Ratings Network's FREE daily email newsletter.