NEW YORK (TheStreet) -- Shares of VeriFone Systems (PAY) were gaining 3.9% to $34.36 Tuesday after the point of sales hardware maker beat analysts' estimates for earnings and revenue in the fiscal fourth quarter.
VeriFone reported earnings of 44 cents a share for the fourth quarter, beating analysts estimates of 41 cents a share. Revenue increased 12.6% year over year to $491 million for the quarter, beating analysts' estimates of $483.42 million.
The company said it expects earnings of 40 cents a share and revenue of $480 million to $485 million for the fiscal first quarter, compared to analysts' estimates of earnings of 45 cents and revenue of $482.9 million.
VeriFone expects earnings of $1.85 to $1.90 a share and revenue of $2.02 billion to $2.04 billion for fiscal year 2015. Analysts expect earnings of $1.97 and revenue of $2.03 billion for the fiscal year.
TheStreet Ratings team rates VERIFONE SYSTEMS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate VERIFONE SYSTEMS INC (PAY) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share."
You can view the full analysis from the report here: PAY Ratings Report