EPS for VeriFone Systems, Inc. (PAY) Expected At $0.22

May 17, 2018 - By Margaret Downey

VeriFone Systems, Inc. (NYSE:PAY) LogoInvestors sentiment increased to 1.08 in Q4 2017. Its up 0.20, from 0.88 in 2017Q3. It is positive, as 35 investors sold VeriFone Systems, Inc. shares while 70 reduced holdings. 40 funds opened positions while 73 raised stakes. 112.41 million shares or 1.96% less from 114.66 million shares in 2017Q3 were reported.
Hbk Invests L P stated it has 15,000 shares. Tdam Usa invested in 56,453 shares. Cove Street Capital Llc invested 0.03% in VeriFone Systems, Inc. (NYSE:PAY). Ubs Asset Mngmt Americas stated it has 0% in VeriFone Systems, Inc. (NYSE:PAY). Stratos Wealth Prtnrs Ltd accumulated 350 shares. State Treasurer State Of Michigan owns 40,300 shares for 0.01% of their portfolio. D E Shaw And Company holds 32,565 shares or 0% of its portfolio. Prudential Fincl holds 0% or 76,590 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mngmt holds 0.03% in VeriFone Systems, Inc. (NYSE:PAY) or 179,420 shares. 157,462 were reported by Boston Ptnrs. 568 were accumulated by Weaver C Barksdale Associate. Laurion Cap Mgmt Limited Partnership has invested 0% in VeriFone Systems, Inc. (NYSE:PAY). Levin Capital Strategies Lp owns 0% invested in VeriFone Systems, Inc. (NYSE:PAY) for 11,185 shares. Raymond James Associate accumulated 175,966 shares. Guinness Asset Management Limited holds 0.66% or 178,150 shares in its portfolio.

Analysts expect VeriFone Systems, Inc. (NYSE:PAY) to report $0.22 EPS on June, 14.They anticipate $0.02 EPS change or 10.00 % from last quarter’s $0.2 EPS. PAY’s profit would be $24.36M giving it 25.94 P/E if the $0.22 EPS is correct. After having $0.16 EPS previously, VeriFone Systems, Inc.’s analysts see 37.50 % EPS growth. The stock decreased 0.09% or $0.02 during the last trading session, reaching $22.83. About 960,526 shares traded. VeriFone Systems, Inc. (NYSE:PAY) has declined 17.61% since May 17, 2017 and is downtrending. It has underperformed by 29.16% the S&P500.

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

Among 10 analysts covering Verifone (NYSE:PAY), 2 have Buy rating, 0 Sell and 8 Hold. Therefore 20% are positive. Verifone had 11 analyst reports since December 11, 2017 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, April 10 by Standpoint Research. The company was maintained on Monday, December 11 by Raymond James. The firm has “Buy” rating by Tigress Financial given on Tuesday, December 19. The firm earned “Neutral” rating on Tuesday, April 10 by JP Morgan. The rating was maintained by BTIG Research with “Hold” on Thursday, March 8. The firm earned “Hold” rating on Tuesday, April 10 by SunTrust. The stock of VeriFone Systems, Inc. (NYSE:PAY) has “Neutral” rating given on Tuesday, April 10 by Citigroup. Jefferies downgraded the shares of PAY in report on Monday, April 16 to “Hold” rating. The rating was maintained by Credit Suisse with “Neutral” on Wednesday, December 13. Piper Jaffray maintained the shares of PAY in report on Monday, April 9 with “Hold” rating.

VeriFone Systems, Inc. provides payments and commerce solutions at the point of sale worldwide. The company has market cap of $2.53 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.

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

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