Verifone Systems (NYSE:PAY) Receiving Somewhat Favorable Media Coverage, Analysis Finds

Media coverage about Verifone Systems (NYSE:PAY) has trended somewhat positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Verifone Systems earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 46.5665209155546 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern’s scoring:

Verifone Systems (PAY) traded up $0.65 during trading on Thursday, hitting $18.10. 1,833,027 shares of the stock were exchanged, compared to its average volume of 1,584,746. Verifone Systems has a one year low of $16.03 and a one year high of $21.48. The firm has a market cap of $1,959.36, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 1.30 and a beta of 1.96. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.10 and a current ratio of 1.32.

Verifone Systems (NYSE:PAY) last issued its earnings results on Thursday, September 7th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. Verifone Systems had a negative net margin of 9.76% and a positive return on equity of 11.19%. The business had revenue of $466.90 million during the quarter, compared to the consensus estimate of $464.13 million. During the same period last year, the business posted $0.42 EPS. Verifone Systems’s revenue was down 5.2% on a year-over-year basis. analysts expect that Verifone Systems will post 0.99 earnings per share for the current year.

Several research analysts have recently commented on PAY shares. Zacks Investment Research downgraded Verifone Systems from a “hold” rating to a “sell” rating in a report on Monday, August 14th. BidaskClub downgraded Verifone Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Northcoast Research downgraded Verifone Systems from a “buy” rating to a “neutral” rating in a 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. Finally, Jefferies Group reiterated a “buy” rating and set a $23.00 target price (up previously from $20.00) on shares of Verifone Systems in a research report on Monday, September 11th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $19.61.

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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.

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