Deutsche Bank Reiterates Sell on Verifone (PAY)
Shares of Verifone traded down 15.49% during mid-day trading on Friday, hitting $38.03. Verifone has a 52 week low of $30.25 and a 52 week high of $55.89. The company has a market cap of $4.065 billion and a P/E ratio of 20.14.
Verifone last announced its earnings results on Thursday, May 24th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. The company’s revenue for the quarter was up 61.6% on a year-over-year basis. On average, analysts predict that Verifone will post $0.74 earnings per share next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG (NYSE: UBS) reiterated a “neutral” rating on shares of Verifone in a research note to investors on Friday. They now have a $48.00 price target on the stock, down previously from $51.00. Separately, analysts at Goldman Sachs (NYSE: GS) cut their price target on shares of Verifone to $56.00 in a research note to investors on Friday. Finally, analysts at Citigroup (NYSE: C) cut their price target on shares of Verifone to $55.00 in a research note to investors on Friday.
VeriFone Systems, Inc. (VeriFone), formerly VeriFone Holdings, Inc., is a holding company for VeriFone, Inc.