Jefferies Maintains Buy Ahead of VeriFone Systems (PAY) F2Q Results

Jefferies maintains a Buy rating and $43 price target on VeriFone (NYSE: PAY) leading up to F2Q results. Analyst Jason Kupferberg is estimating revenue at $487M, and a non-GAAP EPS of $0.42. PAY is scheduled to release its F2Q earnings report on June 4th, after market close.

Kupferberg commented, We have no reason to believe the impressive track record of execution over the past 18 months will not continue, and believe modest upside to estimates is quite plausible. While we acknowledge that uncertainty regarding a post-EMV deadline slowdown in the US business could continue to weigh on the stock, we continue to believe it is undervalued on the basis of normalized earnings power."

For an analyst ratings summary and ratings history on VeriFone click here. For more ratings news on VeriFone click here.

Shares of VeriFone closed at $37.61 yesterday.

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