Earnings

Stock’s Earnings in Focus: VeriFone Systems Inc (NYSE:PAY)

Shares of VeriFone Systems Inc (NYSE:PAY) fell -0.12% to reach at $16.44 during previous trading session. The company has experienced volume of 3,854,500 shares while on average the company has a capacity of trading 2.28M share.

VeriFone Systems Inc (NYSE:PAY) a world leader in payments and commerce solutions, on December 13, 2016 announced financial results for the three months and fiscal year ended October 31, 2016.

Fiscal Year Financial Highlights:

  • GAAP net revenues of $1.992 billion and Non-GAAP net revenues of $2.006 billion
  • GAAP net loss per diluted share of $0.08
  • Non-GAAP net income per diluted share of $1.66
  • Operating cash flow of $194 million

Fourth Quarter Financial Highlights:

  • GAAP net revenues of $464 million and Non-GAAP net revenues of $468 million
  • GAAP net loss per diluted share of $0.04
  • Non-GAAP net income per diluted share of $0.30
  • Operating cash flow of $67 million

“Our fourth quarter results were better than our outlook on both the top and bottom line. Total revenues were consistent with our expectations of EMV-related demand in the U.S., we reported 16% growth in Services revenues from both acquisitions and organic business, and we saw good growth in EMEA and Latin America as a result of several important competitive wins,” said Paul Galant, Chief Executive Officer of Verifone. “There is significant opportunity ahead for our business as we move through the many cash to cashless migrations that are happening across the globe, and I am looking forward to addressing our customers’ evolving needs with our newest device platform as we launch pilots, obtain certifications and begin generating more meaningful sales volumes in 2017.”

VeriFone Systems Inc (NYSE:PAY) holds the market capitalization of $1.81B along with 110.97M outstanding shares. During the last trade, stock’s minimum price has been reached out at $16.23 while the maximum trading price moved at $16.64. Currently the stock price is moving -44.70% off from the highest level of twelve months and +10.04% above from twelve months low. VeriFone Systems Inc (NYSE:PAY) marked 52-week highest price level of $29.73 on 04/22/16 and 52-week lowest price level of $14.94 on 10/14/16. For the stock, price target value has been calculated at $19.68 based on calls of 20 experts. Stock’s minimum price target estimates has been figured out at $15.00 while the maximum price target forecast is established at $36.00.

As of current trade, VeriFone Systems Inc (NYSE:PAY) has shown weekly upbeat performance of 0.31%. Its six months performance indicated a bearish movement while its yearly performance reflected a negative trend of -14.82%. Year-to-date (YTD) performance of the stock illustrate downbeat trend of -41.33%. Shares of VeriFone Systems Inc (NYSE:PAY) currently have an ABR of 2.42, derived from a total of 19 opinions. The company’s price sits 1.36% above from its 50-day moving average of $16.48 and -21.72% below from the stock’s 200-day moving average of $18.02. The company has Relative Strength Index (RSI 14) of 48.89 along with Average True Range (ATR 14) of 0.54. Its weekly and monthly volatility is 2.52%, 3.15% respectively. The company’s beta value is at 2.02.

VeriFone Systems Inc (NYSE:PAY) currently has a PEG ratio of 1.93 where as its P/E ratio is 57.89. The company’s price to sales ratio for trailing twelve months is 0.90 and price to book ratio for most recent quarter is 2.19, whereas price to cash per share for the most recent quarter is 11.74. VeriFone Systems Inc (NYSE:PAY)’s price to free cash flow for trailing twelve months is 18.96. Its quick ratio for most recent quarter is 1.10 along with current ratio for most recent quarter of 1.40. Total debt to equity ratio of the company for most recent quarter is 1.17 whereas long term debt to equity ratio for most recent quarter is 1.09. VeriFone Systems Inc (NYSE:PAY) has a Return on Assets of 1.30%. The company currently has a Return on Equity of 3.90% and Return on Investment of 6.70%.

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