EPS for VeriFone Systems, Inc. (PAY) Expected At $0.39

August 14, 2018 - By Kristen Paramore

VeriFone Systems, Inc. (NYSE:PAY) LogoInvestors sentiment decreased to 1.06 in 2018 Q1. Its down 0.02, from 1.08 in 2017Q4. It dived, as 22 investors sold VeriFone Systems, Inc. shares while 78 reduced holdings. 36 funds opened positions while 70 raised stakes. 109.71 million shares or 2.40% less from 112.41 million shares in 2017Q4 were reported.
Cna Fin Corporation has invested 0.25% in VeriFone Systems, Inc. (NYSE:PAY). State Teachers Retirement has invested 0.01% in VeriFone Systems, Inc. (NYSE:PAY). Private Advisor Group Inc Limited Company holds 0.01% or 18,357 shares. Amalgamated National Bank reported 0.01% of its portfolio in VeriFone Systems, Inc. (NYSE:PAY). Moreover, First Manhattan has 0% invested in VeriFone Systems, Inc. (NYSE:PAY) for 495 shares. South Dakota Invest Council holds 419,891 shares. Legal And General Gru Pcl reported 149,502 shares stake. 4.07 million were reported by Snow Capital Mgmt L P. Comerica Comml Bank has 109,768 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 5,540 shares or 0% of all its holdings. Dubuque Commercial Bank And stated it has 10,255 shares or 0.03% of all its holdings. Teachers Retirement Systems Of The State Of Kentucky reported 0% in VeriFone Systems, Inc. (NYSE:PAY). Fort Washington Invest Inc Oh holds 987,777 shares. Marathon Cap Management reported 133,225 shares or 0.8% of all its holdings. Oregon Employees Retirement Fund stated it has 0.01% in VeriFone Systems, Inc. (NYSE:PAY).

Analysts expect VeriFone Systems, Inc. (NYSE:PAY) to report $0.39 EPS on September, 6.They anticipate $0.11 EPS change or 39.29 % from last quarter’s $0.28 EPS. PAY’s profit would be $43.19 million giving it 14.75 P/E if the $0.39 EPS is correct. After having $0.17 EPS previously, VeriFone Systems, Inc.’s analysts see 129.41 % EPS growth. It closed at $23.01 lastly. It is up 26.90% since August 14, 2017 and is uptrending. It has outperformed by 14.33% the S&P500.

VeriFone Systems, Inc. (NYSE:PAY) Ratings Coverage

Among 7 analysts covering Verifone (NYSE:PAY), 0 have Buy rating, 0 Sell and 7 Hold. Therefore 0 are positive. Verifone had 7 analyst reports since March 8, 2018 according to SRatingsIntel. As per Tuesday, April 10, the company rating was maintained by Citigroup. Jefferies downgraded the shares of PAY in report on Monday, April 16 to “Hold” rating. JP Morgan maintained VeriFone Systems, Inc. (NYSE:PAY) rating on Tuesday, April 10. JP Morgan has “Neutral” rating and $23 target. SunTrust downgraded the shares of PAY in report on Tuesday, April 10 to “Hold” rating. The firm has “Hold” rating by Piper Jaffray given on Monday, April 9. Standpoint Research downgraded the shares of PAY in report on Tuesday, April 10 to “Hold” rating. The firm has “Hold” rating by BTIG Research given on Thursday, March 8.

VeriFone Systems, Inc. provides payments and commerce solutions at the point of sale worldwide. The company has market cap of $2.55 billion. 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 transactions; and multilane consumer facing commerce devices. It currently has negative earnings. It also provides portable payment devices, including small, portable, and handheld devices that enable merchants to accept electronic payments wherever wireless connectivity is available; and mobile solutions that attach to and interface with iOS or Android based smartphones and tablets.

Another recent and important VeriFone Systems, Inc. (NYSE:PAY) news was published by Globenewswire.com which published an article titled: “New Research: Key Drivers of Growth for Old Republic International, Verifone, Pure Storage, Booz Allen Hamilton …” on August 10, 2018.

VeriFone Systems, Inc. (NYSE:PAY) Institutional Positions Chart

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