VeriFone Systems, Inc. (NYSE:PAY) – Investment analysts at Jefferies Group increased their Q2 2018 earnings per share (EPS) estimates for shares of VeriFone Systems in a report issued on Wednesday. Jefferies Group analyst R. El-Assal now expects that the business services provider will post earnings per share of $0.30 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.

VeriFone Systems (NYSE:PAY) last announced its quarterly earnings results on Thursday, September 7th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.36. The business had revenue of $466.90 million during the quarter, compared to the consensus estimate of $464.13 million. VeriFone Systems had a negative net margin of 15.16% and a negative return on equity of 37.89%. The business’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS.

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Other analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of VeriFone Systems from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Bank of America Corporation began coverage on shares of VeriFone Systems in a report on Tuesday, September 12th. They set an “underperform” rating and a $19.00 price target for the company. BidaskClub upgraded shares of VeriFone Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Raymond James Financial, Inc. downgraded shares of VeriFone Systems from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $25.00 to $22.00 in a report on Thursday, November 16th. Finally, Northcoast Research downgraded shares of VeriFone Systems from a “buy” rating to a “neutral” rating in a report on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $19.33.

Shares of VeriFone Systems (NYSE:PAY) traded down $0.14 during midday trading on Monday, hitting $17.16. 897,100 shares of the stock were exchanged, compared to its average volume of 1,614,024. The firm has a market cap of $1,950.00, a P/E 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 fifty-two week low of $15.10 and a fifty-two week high of $21.48.

Several large investors have recently bought and sold shares of PAY. Thrivent Financial For Lutherans grew its stake in shares of VeriFone Systems by 10.6% in the first quarter. Thrivent Financial For Lutherans now owns 20,950 shares of the business services provider’s stock worth $392,000 after acquiring an additional 2,000 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of VeriFone Systems by 22.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 438,434 shares of the business services provider’s stock worth $8,212,000 after acquiring an additional 80,346 shares in the last quarter. State Street Corp grew its stake in shares of VeriFone Systems by 2.9% in the first quarter. State Street Corp now owns 2,825,547 shares of the business services provider’s stock worth $52,923,000 after acquiring an additional 79,134 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of VeriFone Systems by 1.2% in the first quarter. Public Employees Retirement System of Ohio now owns 66,354 shares of the business services provider’s stock worth $1,243,000 after acquiring an additional 815 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. lifted its position in shares of VeriFone Systems by 8.2% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 42,134 shares of the business services provider’s stock worth $763,000 after purchasing an additional 3,195 shares during 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.

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

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