The stock’s 50 day moving average price is $19.18 and its 200 day moving average price is $23.50. During the same period in the prior year, the business earned $0.47 EPS. The firm lowered its rating on PAY from Overweight to Equal Weight.
Advertisement
Adjusted earnings of 42 cents per diluted share beat analysts’ projections of 40 cents per share. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock.
Verifone Systems, Inc. has 110,549,000 shares in issue which have a share price of 20.1 giving Verifone Systems, Inc. a market capitalisation of 2.22B Dollars.
VeriFone Systems (NYSE:PAY) opened at 20.10 on Thursday. 10 of the brokerages firms have a buy or better rating; the 0 sells versus 0 underperforms. (NYSE:COTY) declined -4.60% and ended at $25.71 smaller than previous closing price of $26.95. The company had a trading volume of 9,265,102 shares.
Previously for the quarter ended on 1/2016, VeriFone Systems Inc (NYSE:PAY)’s expected mean EPS was $0.38, the company reported its quarterly earnings per share of $0.40 on 3/10/2016 After Market Close, beating the analysts’ consensus estimate by 0.02 with surprise factor of 5.26%. The stock now has an average rating of Hold and a consensus target price of $29.27. MILLER MARK C is one of the largest insider shareholders in VeriFone Systems Inc (NYSE:PAY), according to U.S. Securities and Exchange Commission (SEC) filings. The mean price target is calculated keeping in view the consensus of 15 brokerage firms. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. The company has a market cap of $2.22B.
GrubHub Inc (NYSE:GRUB) now has mean rating of 2.2 while 4 analyst have recommended the shares as “BUY”, 6 commented as “OUTPERFORM” and 11 commented as “HOLD”.
VeriFone Systems Inc (NYSE:PAY) now has mean rating of 2.2 while 4 analyst have recommended the shares as “BUY”, 6 commented as “OUTPERFORM” and 10 commented as “HOLD”. The consensus target stock price is $27.89 with 0 rating the company a strong buy, 0 rating the company a buy, 0 firms rating the stock a hold, 0 rating the stock to underperform, and lastly 0 firms rating the company as sell.
Over the last twelve months Verifone Systems, Inc.’s stock price has decreased from 30.87 to 20.1, a change of -34.89%. Stifel Nicolaus maintained the stock on September 2 with “Buy” rating. The Company designs, manufactures, markets and supplies a range of payment solutions and complementary services that enable secure electronic payment transactions and value-added services at the POS.
Advertisement
VeriFone Systems, Inc.is engaged in providing electronic payment solutions at the point of sale (POS). The Company also offers customers technical support for installed payment systems consulting services and project management services for system deployment and customization of integrated software solutions.
