News articles about Verifone Systems (NYSE:PAY) have been trending very positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Verifone Systems earned a news sentiment score of 0.69 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
A number of analysts have commented on the company. Tigress Financial started coverage on Verifone Systems in a research report on Monday, March 27th. They set a “buy” rating on the stock. BMO Capital Markets decreased their target price on Verifone Systems from $21.00 to $20.00 and set a “market perform” rating for the company in a research report on Friday, June 16th. BidaskClub downgraded Verifone Systems from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Imperial Capital lowered their target price on Verifone Systems from $20.00 to $19.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 13th. Finally, Royal Bank Of Canada decreased their price target on Verifone Systems from $23.00 to $20.00 and set a “sector perform” rating for the company in a research note on Friday, June 9th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $18.73.
Shares of Verifone Systems (PAY) traded down 0.51% during trading on Monday, hitting $19.61. 69,460 shares of the stock traded hands. The firm’s market capitalization is $2.19 billion. Verifone Systems has a 1-year low of $14.94 and a 1-year high of $20.98. The firm has a 50-day moving average of $18.28 and a 200-day moving average of $18.57.
Verifone Systems (NYSE:PAY) last released its quarterly earnings results on Thursday, June 8th. The business services provider reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. The business had revenue of $474 million for the quarter, compared to analysts’ expectations of $472.80 million. Verifone Systems had a negative net margin of 7.53% and a positive return on equity of 11.55%. The firm’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. On average, equities analysts forecast that Verifone Systems will post $1.33 earnings per share for the current year.
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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