VeriFone Systems, Inc. (PAY) : Q315 Earnings Whisper

VeriFone Systems, Inc. (PAY) is set to announce its Q315 earnings after the market close on Thursday, September 3. Analysts expect the designer of electronic payment solutions to report earnings per share of $0.46 and revenue of $500.79 million. That would be $0.02 higher the $0.44 per share posted last quarter and $0.06 higher the $0.40 posted in the Q314. Revenue is projected to be $24.79 million higher than the $476 million posted in the same period a year earlier. Meanwhile, reports a whisper number of $0.49 per share.

As a quick reminder, PAY reported Q215 EPS of $0.44, $0.02 better than the Street’s consensus estimate of $0.42. Revs increased 4.95% year-over-year to $490.1 million versus the $488.79 million consensus.

On valuation measures, VeriFone Systems shares are currently priced at 107.22x this year’s forecasted earnings, compared to the industry’s 8.41x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.67 and 14.06, respectively. Price/Sales for the same period is 1.82 while EPS is 0.29. Currently there are 14 analysts that rate PAY a ‘Buy’, 5 rate it a ‘Hold’. No analysts rate it a ‘Sell’. PAY has a median Wall Street price target of $42.00 with a high target of $47.00.

In the past 52 weeks, shares of the San Jose, Calif.-based company have traded between a low of $27.90 and a high of $39.25 and are now at $31.20.

Shares are down about 11% year-over-year and more than 17% year-to-date.

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