News headlines about VeriFone Systems (NYSE:PAY) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. VeriFone Systems earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 46.0856637313215 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s analysis:
Several equities analysts recently weighed in on PAY shares. Tigress Financial reissued a “buy” rating on shares of VeriFone Systems in a research note on Tuesday, December 19th. Raymond James Financial cut shares of VeriFone Systems from a “strong-buy” rating to an “outperform” rating in a research note on Sunday, November 26th. Credit Suisse Group raised their target price on shares of VeriFone Systems from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, December 13th. Zacks Investment Research cut shares of VeriFone Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, UBS Group downgraded VeriFone Systems from a “strong-buy” rating to an “outperform” rating in a report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $20.02.
Shares of VeriFone Systems (NYSE:PAY) opened at $17.95 on Thursday. VeriFone Systems has a twelve month low of $16.80 and a twelve month high of $21.48. The company has a current ratio of 1.33, a quick ratio of 1.09 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $2,034.05, a price-to-earnings ratio of -11.58, a price-to-earnings-growth ratio of 1.45 and a beta of 1.96.
VeriFone Systems (NYSE:PAY) last posted its earnings results on Tuesday, December 12th. The business services provider reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. VeriFone Systems had a positive return on equity of 13.52% and a negative net margin of 9.29%. The company had revenue of $477.00 million during the quarter, compared to the consensus estimate of $472.33 million. During the same quarter last year, the firm earned $0.30 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. equities research analysts expect that VeriFone Systems will post 1.2 earnings per share for the current fiscal year.
VeriFone Systems announced that its board has authorized a share buyback program on Tuesday, December 12th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.
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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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