Press coverage about VeriFone Systems (NYSE:PAY) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news 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 one, with scores nearest to one being the most favorable. VeriFone Systems earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 46.1524173728197 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
VeriFone Systems (NYSE PAY) opened at $18.30 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.09 and a current ratio of 1.33. The stock has a market cap of $2,060.00, a price-to-earnings ratio of -11.81, a price-to-earnings-growth ratio of 1.43 and a beta of 1.96. VeriFone Systems has a fifty-two week low of $16.80 and a fifty-two week high of $21.48.
VeriFone Systems (NYSE:PAY) last posted its quarterly earnings data on Tuesday, December 12th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. The firm had revenue of $477.00 million for the quarter, compared to the consensus estimate of $472.33 million. VeriFone Systems had a negative net margin of 9.29% and a positive return on equity of 13.52%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 EPS. sell-side analysts anticipate that VeriFone Systems will post 1.2 earnings per share for the current fiscal year.
VeriFone Systems declared that its board has initiated a share buyback program on Tuesday, December 12th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of analysts have commented on PAY shares. Argus restated a “hold” rating on shares of VeriFone Systems in a research note on Tuesday, December 26th. Tigress Financial restated a “buy” rating on shares of VeriFone Systems in a research note on Tuesday, December 19th. Zacks Investment Research lowered shares of VeriFone Systems from a “hold” rating to a “strong sell” rating in a research note on Monday, December 18th. Barclays restated a “hold” rating and set a $21.00 price target on shares of VeriFone Systems in a research note on Friday, December 15th. Finally, Credit Suisse Group boosted their price target 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. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company’s stock. VeriFone Systems presently has a consensus rating of “Hold” and an average target price of $20.02.
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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.
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