Verifone Systems, Inc. (NYSE:PAY) – Jefferies Group lifted their Q2 2018 earnings estimates for Verifone Systems in a research report issued on Wednesday. Jefferies Group analyst R. El-Assal now anticipates that the business services provider will post earnings of $0.30 per share for the quarter, up from their previous forecast of $0.29. Jefferies Group has a “Buy” rating and a $23.00 price objective on the stock. Jefferies Group also issued estimates for Verifone Systems’ Q4 2018 earnings at $0.39 EPS and FY2018 earnings at $1.28 EPS.
A number of other equities analysts have also issued reports on the stock. Citigroup Inc. initiated coverage on shares of Verifone Systems in a research report on Friday, September 15th. They issued a “neutral” rating and a $23.00 target price for the company. Piper Jaffray Companies reiterated a “hold” rating and issued a $20.00 target price on shares of Verifone Systems in a research report on Friday, September 8th. Zacks Investment Research lowered shares of Verifone Systems from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. BidaskClub lowered shares of Verifone Systems from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Northcoast Research lowered shares of Verifone Systems from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. Verifone Systems currently has a consensus rating of “Hold” and an average price target of $19.33.
Verifone Systems (PAY) opened at $17.30 on Monday. The stock has a market cap of $1,934.76, a PE ratio of 21.36, a P/E/G ratio of 1.29 and a beta of 2.01. 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 12-month low of $15.10 and a 12-month high of $21.48.
Verifone Systems (NYSE:PAY) last announced its earnings results on Thursday, September 7th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. The firm had revenue of $466.90 million during the quarter, compared to analyst estimates of $464.13 million. Verifone Systems had a negative net margin of 9.76% and a positive return on equity of 11.19%. Verifone Systems’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Zions Bancorporation purchased a new stake in shares of Verifone Systems in the third quarter worth approximately $108,000. Riverhead Capital Management LLC lifted its position in shares of Verifone Systems by 80.9% in the second quarter. Riverhead Capital Management LLC now owns 6,693 shares of the business services provider’s stock worth $121,000 after purchasing an additional 2,993 shares in the last quarter. LS Investment Advisors LLC lifted its position in shares of Verifone Systems by 22.3% in the second quarter. LS Investment Advisors LLC now owns 9,213 shares of the business services provider’s stock worth $167,000 after purchasing an additional 1,679 shares in the last quarter. Timber Hill LLC purchased a new stake in shares of Verifone Systems in the second quarter worth approximately $214,000. Finally, NGAM Advisors L.P. lifted its position in shares of Verifone Systems by 5.2% in the second quarter. NGAM Advisors L.P. now owns 12,628 shares of the business services provider’s stock worth $229,000 after purchasing an additional 622 shares in the last quarter.
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verifone Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.