FY2024 EPS Estimates for Shift4 Payments, Inc. Decreased by Analyst (NYSE:FOUR)

Shift4 Payments, Inc. (NYSE:FOUR) – Seaport Res Ptn reduced their FY2024 EPS estimates for Shift4 Payments in a note issued to investors on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now anticipates that the company will post earnings of $2.89 per share for the year, down from their previous estimate of $2.97. The consensus estimate for Shift4 Payments’ current full-year earnings is $2.86 per share.

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

Other equities analysts have also issued reports about the stock. Benchmark reaffirmed a “buy” rating and issued a $99.00 price target on shares of Shift4 Payments in a report on Tuesday, March 19th. The Goldman Sachs Group dropped their price objective on shares of Shift4 Payments from $91.00 to $80.00 and set a “buy” rating on the stock in a report on Monday. DA Davidson reissued a “buy” rating and set a $96.00 price objective on shares of Shift4 Payments in a report on Wednesday, February 28th. Mizuho reissued a “buy” rating and set a $85.00 price objective on shares of Shift4 Payments in a report on Wednesday, March 27th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $94.00 price objective on shares of Shift4 Payments in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, Shift4 Payments currently has an average rating of “Moderate Buy” and a consensus target price of $84.52.

Shift4 Payments Price Performance

NYSE FOUR opened at $62.14 on Tuesday. The firm’s fifty day simple moving average is $73.68 and its two-hundred day simple moving average is $67.40. The company has a current ratio of 1.64, a quick ratio of 1.63 and a debt-to-equity ratio of 2.02. Shift4 Payments has a 12-month low of $42.91 and a 12-month high of $92.30. The firm has a market capitalization of $5.36 billion, a P/E ratio of 43.76, a P/E/G ratio of 1.01 and a beta of 1.57.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FOUR. Belpointe Asset Management LLC raised its position in shares of Shift4 Payments by 358.6% in the first quarter. Belpointe Asset Management LLC now owns 454 shares of the company’s stock worth $34,000 after acquiring an additional 355 shares during the period. Fortis Capital Advisors LLC lifted its stake in Shift4 Payments by 1,873.9% in the 1st quarter. Fortis Capital Advisors LLC now owns 454 shares of the company’s stock valued at $34,000 after buying an additional 431 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Shift4 Payments in the 2nd quarter valued at about $34,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Shift4 Payments during the third quarter valued at approximately $35,000. Finally, State of Wyoming purchased a new position in shares of Shift4 Payments in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

Insiders Place Their Bets

In other Shift4 Payments news, insider David Taylor Lauber sold 15,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $19,546,982. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 32.14% of the company’s stock.

About Shift4 Payments

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.