Verifone Systems (NYSE:PAY) announced its quarterly earnings results on Monday. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01, Bloomberg Earnings reports. The company had revenue of $477.00 million for the quarter, compared to analyst estimates 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 revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 EPS.

Shares of Verifone Systems (NYSE PAY) traded up $0.28 during trading hours on Tuesday, hitting $18.47. 4,251,012 shares of the company were exchanged, compared to its average volume of 1,596,779. The company has a quick ratio of 1.10, a current ratio of 1.32 and a debt-to-equity ratio of 1.04. The stock has a market cap of $2,018.64, a P/E ratio of 22.28, a P/E/G ratio of 1.34 and a beta of 1.96. Verifone Systems has a 52 week low of $16.03 and a 52 week high of $21.48.

PAY has been the topic of a number of recent analyst reports. Jefferies Group reiterated a “buy” rating and issued a $23.00 price objective (up previously from $20.00) on shares of Verifone Systems in a research note on Monday, September 11th. Zacks Investment Research upgraded shares of Verifone Systems from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. BidaskClub upgraded shares of Verifone Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Piper Jaffray Companies reiterated a “hold” rating and issued a $20.00 price objective on shares of Verifone Systems in a research note on Friday, September 8th. Finally, BTIG Research reiterated a “hold” rating on shares of Verifone Systems in a research note on Monday, September 11th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.61.

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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.

Earnings History for Verifone Systems (NYSE:PAY)

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