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 $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.
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.
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.
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