RBC Capital Markets Expects VeriFone Systems Investors To Focus On Any Changes To FY15 Guidance

In a report published Monday, RBC Capital Markets analyst Daniel R. Perlin reiterated a Sector Perform rating and $40.00 price target on VeriFone Systems, Inc. (NYSE: PAY).

In the report, RBC Capital Markets noted, "PAY is scheduled to report FQ1/15 earnings on March 10th after the market closes and will hold a conference call at 4:30 pm. We expect the company to report in line with our consensus-matching revenues estimates of $484 mm, and between our estimate of $0.43 and the consensus forecast $0.41. We note that the FX headwind in the current quarter could be more than doubled last quarter's ~140 bps hit. This, and the timing of restructuring savings / reinvestments into the business, account for the difference between our estimates and the Street, in our opinion."

VeriFone Systems, Inc. closed on Friday at $33.97.