====Paymentus (PAY) reported earnings on Mon 4 Mar 24 (a/h)

 

Paymentus beats by $0.03, beats on revs; guides Q1 revs in-line 

• Reports Q4 (Dec) earnings of $0.09 per share, excluding non-recurring items, $0.03 better than the FactSet Consensus of $0.06; revenues rose 24.7% year/year to $164.80 mln vs the $157.38 mln FactSet Consensus.
• Co issues in-line guidance for Q1, sees Q1 revs of $170-176 mln vs. $172.38 mln FactSet Consensus. Co guides to Q1 adjusted EBITDA of $15-17 mln.
• Co issues guidance for FY24, sees FY24 revs of $720-744 mln. Co guides to FY24 adjusted EBITDA of $65-75 mln.

=VeriFone (PAY) to be acquired by Francisco Partners for $3.4 bln

VeriFone to be acquired by Francisco Partners for $3.4 bln -- stockholders to receive $23.04 per share in cash  

• Under the terms of the agreement, Verifone stockholders will receive $23.04 in cash for each share of Verifone common stock held, representing a premium of approximately 54% to the Company's closing share price of $15.00 on April 9, 2018. The Verifone Board of Directors has unanimously approved the definitive agreement and recommends that Verifone stockholders vote in favor of the transaction.
• The transaction is not subject to a financing condition and is expected to close during the third calendar quarter of 2018, subject to customary closing conditions, including receipt of stockholder and regulatory approvals. The merger agreement includes a "go-shop" period, which permits Verifone's Board and advisors to actively initiate, solicit, encourage, and potentially enter into negotiations with parties that make alternative acquisition proposals through May 24, 2018. There can be no assurance that this process will result in a superior proposal, and Verifone does not intend to disclose developments with respect to the solicitation process unless and until the Board makes a determination requiring further disclosure.

VeriFone (PAY) reported earnings Thur 1 Sept 2016 (a/h)

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VeriFone beats by $0.02, misses on revs; guides Q4 EPS below consensus, revs below consensus; guides FY16 EPS below consensus, revs in-line  :

• Reports Q3 (Jul) earnings of $0.42 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $0.40; revenues fell 3.3% year/year to $493 mln vs the $515.79 mln Capital IQ Consensus.
  • "We are managing through what we believe are difficult but temporary local market and lingering EMV adoption issues. Our outlook for Q4 now assumes a significantly slower EMV rollout, and we are projecting fiscal year 2017 consolidated revenues to be approximately 3% below fiscal year 2016 levels. That said, we are relentlessly executing the long-term vision for Verifone to transform from a box shipper to a services provider."
• Co issues downside guidance for Q4, sees EPS of $0.28-0.29, excluding non-recurring items, vs. $0.50 Capital IQ Consensus Estimate; sees Q4 revs of $460 mln vs. $536.46 mln Capital IQ Consensus Estimate.
• Co issues guidance for FY16, sees EPS of $1.64-1.65, excluding non-recurring items, vs. $1.85 Capital IQ Consensus Estimate; sees FY16 revs of $2.0 bln vs. $2.1 bln Capital IQ Consensus Estimate.

PAY — NR

VeriFone (PAY) reported earnings on Tue 7 June 2016 (a/h)

 ** charts after earnings **

VeriFone is struggling to overcome near-term pressures in the retail industry. Retailers, including Macy’s Inc., Target Corp. and Lululemon Athletica Inc., suffered weak first-quarter earnings amid broader economic instability. That prompted some retailers to spend less on media advertising services offered by VeriFone, and caused many to curb spending on the federal-mandated transition to EMV-compatible point-of-sale systems, which VeriFone sells.

VeriFone’s stock was downgraded to equal weight from overweight at Barclays, which also cut its 12-month price target on the stock to $23 from $37. Shares were also downgraded at Monness Crespi Hardt, to neutral from buy; and at Pacific Crest, to sector weight from overweight. Price target cuts on the stock came from PiperJaffray, to $27 from $38; SunTrust Robinson Humphrey, to $24 from $37; RBC Capital, to $28 from $33; and Credit Suisse, to $24 from $32.

VeriFone (PAY) reported earnings on Mon 14 Dec 2015 (a/h)

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 ** charts after earnings **

VeriFone beats by $0.01, reports revs in-line; guides Q1 EPS and rev below consensus; guides FY16 EPS and rev towards the low end of expectations :

• Reports Q4 (Oct) earnings of $0.49 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.48; revenues rose 4.8% year/year to $514 mln vs the $512.93 mln Capital IQ Consensus.
• Co issues downside guidance for Q1 and FY16,
  • Sees Q1 EPS of $0.45, excluding non-recurring items, vs. $0.50 Capital IQ Consensus; sees Q1 revs of $500 mln vs. $505.90 mln Capital IQ Consensus.
  • Sees FY16 EPS of $2.15-2.17, excluding non-recurring items, vs. $2.18 Capital IQ Consensus; sees FY16 revs +5% (+9% ex-FX) $2.09-2.11 bln vs. $2.11 bln Capital IQ Consensus Estimate.

PAY — is it a buy?

Is PAY a buy?

2 weeks later:

Great trade : PAY +15% (10/15)

A few weeks later: