Wedbush Downgrades VeriFone (PAY) to Neutral
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Argus Downgrades VeriFone (PAY) to Hold
September 6, 2016 7:49 AM EDTArgus downgraded VeriFone (NYSE: PAY) from Buy to Hold on a weaker outlook.
The firm now expects revenue to be flat in FY16, down from their prior forecast of 5% growth. They are lowering their FY16 EPS forecast to $1.66 from $1.85 and their FY17 estimate to... More
Piper Jaffray Downgrades VeriFone (PAY) to Neutral
September 2, 2016 6:34 AM EDTPiper Jaffray downgraded VeriFone (NYSE: PAY) from Overweight to Neutral with a price target of $19.00 (from $27.00).
Analyst Jason Deleeuw commented, "PAY significantly cut FY 16 guidance and now expects revenue to decline 3% in FY 17 due to 1) a slowdown in U.S. EMV upgrades from SMB... More
VeriFone Systems (PAY) Tops Q3 EPS by 2c; Guides Well Below the Street
September 1, 2016 4:05 PM EDTVeriFone Systems (NYSE: PAY) reported Q3 EPS of $0.42, $0.02 better than the analyst estimate of $0.40. Revenue for the quarter came in at $493 million versus the consensus estimate of $515.54 million.
GUIDANCE:
VeriFone Systems sees Q4 2016 EPS of $0.28-$0.29, versus the consensus of $0.48.... More
