Shift4 Payments, Inc. to Post FY2024 Earnings of $2.89 Per Share, Seaport Res Ptn Forecasts (NYSE:FOUR)

Shift4 Payments, Inc. (NYSE:FOUR) – Seaport Res Ptn lowered their FY2024 EPS estimates for shares of Shift4 Payments in a research note issued on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now forecasts that the company will post earnings of $2.89 per share for the year, down from their prior estimate of $2.97. The consensus estimate for Shift4 Payments’ current full-year earnings is $2.85 per share.

FOUR has been the subject of several other research reports. Wells Fargo & Company increased their price objective on shares of Shift4 Payments from $60.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Piper Sandler reissued an “overweight” rating and set a $93.00 price objective on shares of Shift4 Payments in a report on Wednesday, February 28th. Evercore ISI decreased their target price on shares of Shift4 Payments from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. DA Davidson restated a “buy” rating and set a $96.00 target price on shares of Shift4 Payments in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $94.00 target price on shares of Shift4 Payments in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.52.

Shift4 Payments Trading Up 0.5 %

Shares of Shift4 Payments stock opened at $62.47 on Tuesday. The company has a market capitalization of $5.38 billion, a P/E ratio of 43.99, a P/E/G ratio of 0.98 and a beta of 1.57. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.63 and a current ratio of 1.64. The company has a fifty day moving average of $73.43 and a 200 day moving average of $67.37. Shift4 Payments has a fifty-two week low of $42.91 and a fifty-two week high of $92.30.

Shift4 Payments (NYSE:FOUR) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Shift4 Payments had a net margin of 3.36% and a return on equity of 27.35%. The business had revenue of $269.30 million for the quarter, compared to the consensus estimate of $278.85 million.

Insiders Place Their Bets

In other Shift4 Payments news, insider David Taylor Lauber sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total value of $1,202,250.00. Following the completion of the transaction, the insider now owns 243,880 shares of the company’s stock, valued at $19,546,982. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 32.14% of the company’s stock.

Institutional Trading of Shift4 Payments

Several institutional investors have recently modified their holdings of the stock. Kodai Capital Management LP acquired a new position in Shift4 Payments during the fourth quarter worth about $59,520,000. Durable Capital Partners LP boosted its position in Shift4 Payments by 52.0% during the first quarter. Durable Capital Partners LP now owns 2,305,940 shares of the company’s stock worth $142,807,000 after acquiring an additional 789,002 shares during the last quarter. Wasatch Advisors LP boosted its position in Shift4 Payments by 31.6% during the fourth quarter. Wasatch Advisors LP now owns 2,570,145 shares of the company’s stock worth $191,065,000 after acquiring an additional 616,452 shares during the last quarter. Jennison Associates LLC boosted its position in Shift4 Payments by 25.7% during the fourth quarter. Jennison Associates LLC now owns 2,945,060 shares of the company’s stock worth $218,936,000 after acquiring an additional 601,749 shares during the last quarter. Finally, Foxhaven Asset Management LP acquired a new position in Shift4 Payments during the fourth quarter worth about $38,879,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Shift4 Payments Company Profile

Shift4 Payments, Inc (NYSE FOUR) provides integrated payment processing and technology solutions in the United States. Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; and reporting and analytical tools, as well as tokenization, risk management/underwriting, payment device and chargeback management, fraud prevention, and gift card solutions.