FY2024 EPS Estimates for Shift4 Payments, Inc. (NYSE:FOUR) Cut by Seaport Res Ptn

Shift4 Payments, Inc. (NYSE:FOUR) – Investment analysts at Seaport Res Ptn cut their FY2024 earnings per share (EPS) estimates for shares of Shift4 Payments in a research note issued 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 $2.85 per share.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate 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.

A number of other equities research analysts have also recently issued reports on FOUR. DA Davidson reiterated a “buy” rating and set a $96.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 28th. Wells Fargo & Company boosted their target price on Shift4 Payments from $60.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Raymond James boosted their target price on Shift4 Payments from $75.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, December 20th. The Goldman Sachs Group decreased their target price on Shift4 Payments from $91.00 to $80.00 and set a “buy” rating on the stock in a report on Monday. Finally, Piper Sandler reissued an “overweight” rating and set a $93.00 target price on shares of Shift4 Payments in a report on Wednesday, February 28th. One 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.52.

Shift4 Payments Trading Up 0.5 %

NYSE FOUR opened at $62.47 on Tuesday. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 43.99, a PEG ratio of 0.98 and a beta of 1.57. The stock’s 50 day moving average price is $73.43 and its two-hundred day moving average price is $67.37. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.63 and a current ratio of 1.64. Shift4 Payments has a 52 week low of $42.91 and a 52 week high of $92.30.

Institutional Investors Weigh In On Shift4 Payments

A number of hedge funds have recently added to or reduced their stakes in the business. Belpointe Asset Management LLC increased its holdings in shares of Shift4 Payments by 358.6% during the first quarter. Belpointe Asset Management LLC now owns 454 shares of the company’s stock valued at $34,000 after acquiring an additional 355 shares in the last quarter. Fortis Capital Advisors LLC boosted its position in shares of Shift4 Payments by 1,873.9% during the first quarter. Fortis Capital Advisors LLC now owns 454 shares of the company’s stock valued at $34,000 after buying an additional 431 shares during the last quarter. Quarry LP purchased a new position in shares of Shift4 Payments during the first quarter valued at approximately $40,000. State of Wyoming purchased a new position in shares of Shift4 Payments during the fourth quarter valued at approximately $36,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Shift4 Payments during the third quarter valued at approximately $35,000. 98.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Shift4 Payments

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