VeriFone Systems (NYSE:PAY) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.47-$1.50 for the period, compared to the Thomson Reuters consensus estimate of $1.48. The company issued revenue guidance of $1.775-$1.800 billion, compared to the consensus revenue estimate of $1.80 billion.VeriFone Systems also updated its Q2 guidance to $0.27-$0.28 EPS.
A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of VeriFone Systems from a hold rating to a sell rating in a report on Wednesday, November 15th. Raymond James Financial downgraded shares of VeriFone Systems from a strong-buy rating to an outperform rating in a report on Sunday, November 26th. Credit Suisse Group upped their price target on shares of VeriFone Systems from $20.00 to $21.00 and gave the company a neutral rating in a report on Wednesday, December 13th. Barclays reaffirmed a hold rating and issued a $21.00 price target on shares of VeriFone Systems in a report on Friday, December 15th. Finally, Argus reaffirmed a hold rating on shares of VeriFone Systems in a report on Tuesday, December 26th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. VeriFone Systems presently has a consensus rating of Hold and an average price target of $20.15.
VeriFone Systems (PAY) opened at $18.47 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.33 and a quick ratio of 1.09. The firm has a market cap of $1,991.84, a P/E ratio of -13.78, a PEG ratio of 1.84 and a beta of 1.78. VeriFone Systems has a 52-week low of $16.00 and a 52-week high of $21.48.
VeriFone Systems declared that its board has authorized a share repurchase plan on Tuesday, December 12th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
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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