$0.45 EPS Expected for VeriFone Systems Inc (PAY) This Quarter

Wall Street brokerages expect VeriFone Systems Inc (NYSE:PAY) to announce earnings per share of $0.45 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for VeriFone Systems’ earnings. The highest EPS estimate is $0.48 and the lowest is $0.43. VeriFone Systems posted earnings per share of $0.36 during the same quarter last year, which would suggest a positive year over year growth rate of 25%. The firm is scheduled to report its next earnings results on Thursday, September 6th.

On average, analysts expect that VeriFone Systems will report full year earnings of $1.48 per share for the current financial year, with EPS estimates ranging from $1.47 to $1.50. For the next year, analysts expect that the business will post earnings of $1.74 per share, with EPS estimates ranging from $1.70 to $1.77. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for VeriFone Systems.

PAY has been the subject of several analyst reports. Zacks Investment Research upgraded VeriFone Systems from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Tuesday, March 27th. TheStreet upgraded VeriFone Systems from a “d+” rating to a “c-” rating in a research note on Monday, April 16th. Standpoint Research downgraded VeriFone Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Craig Hallum downgraded VeriFone Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Finally, SunTrust Banks cut VeriFone Systems from a “buy” rating to a “hold” rating in a report on Tuesday, April 10th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $21.34.

NYSE PAY traded up $0.01 during trading hours on Friday, hitting $22.82. The company had a trading volume of 59,802 shares, compared to its average volume of 1,918,788. VeriFone Systems has a 52 week low of $14.90 and a 52 week high of $23.14. The company has a quick ratio of 1.22, a current ratio of 1.46 and a debt-to-equity ratio of 1.09. The company has a market cap of $2.53 billion, a P/E ratio of 24.03, a P/E/G ratio of 1.25 and a beta of 1.53.

Several large investors have recently added to or reduced their stakes in PAY. Millennium Management LLC raised its holdings in shares of VeriFone Systems by 85.1% during the 4th quarter. Millennium Management LLC now owns 3,034,660 shares of the business services provider’s stock valued at $53,744,000 after buying an additional 1,395,432 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of VeriFone Systems by 75.1% during the 4th quarter. Deutsche Bank AG now owns 1,020,292 shares of the business services provider’s stock valued at $18,064,000 after buying an additional 437,740 shares in the last quarter. Snow Capital Management LP raised its holdings in shares of VeriFone Systems by 11.7% during the 4th quarter. Snow Capital Management LP now owns 3,882,926 shares of the business services provider’s stock valued at $68,767,000 after buying an additional 406,521 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of VeriFone Systems by 11.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,107,796 shares of the business services provider’s stock valued at $47,798,000 after buying an additional 311,190 shares in the last quarter. Finally, Paradice Investment Management LLC raised its holdings in shares of VeriFone Systems by 49.3% during the 1st quarter. Paradice Investment Management LLC now owns 861,908 shares of the business services provider’s stock valued at $13,248,000 after buying an additional 284,437 shares in the last quarter.

About VeriFone Systems

VeriFone Systems, Inc provides payments and commerce solutions at the point of sale (POS) worldwide. It offers countertop solutions that accept payment options, including contactless, NFC, mobile wallets, and EMV; PIN pads that support credit and debit card, EBT, EMV, and other PIN-based transactions; and multilane consumer facing commerce devices.

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