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 $17.76 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.32 and a debt-to-equity ratio of 1.04. Verifone Systems has a 1-year low of $16.80 and a 1-year high of $21.48. The company has a market capitalization of $2,065.61, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 1.37 and a beta of 1.96.

Verifone Systems (NYSE:PAY) last released its earnings results on Tuesday, December 12th. The business services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $477.00 million during the quarter, compared to the consensus estimate of $472.33 million. Verifone Systems had a positive return on equity of 13.45% and a negative net margin of 9.29%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. equities research analysts predict that Verifone Systems will post 1.28 earnings per share for the current year.

Verifone Systems announced that its board has authorized a share repurchase plan on Tuesday, December 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

PAY has been the subject of a number of recent analyst reports. BidaskClub downgraded Verifone Systems from a hold rating to a sell rating in a research report on Wednesday, August 16th. Northcoast Research downgraded Verifone Systems from a buy rating to a neutral rating in a research report on Wednesday, September 6th. Piper Jaffray Companies reiterated a hold rating and set a $20.00 target price on shares of Verifone Systems in a research report on Friday, September 8th. Zacks Investment Research downgraded Verifone Systems from a hold rating to a sell rating in a research report on Friday, September 8th. Finally, Jefferies Group reiterated a buy rating and set a $23.00 target price (up from $20.00) on shares of Verifone Systems in a research report on Monday, September 11th. Two 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 presently has a consensus rating of Hold and a consensus target price of $19.95.

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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 and Estimates for Verifone Systems (NYSE:PAY)

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