Q1 2024 EPS Estimates for Shift4 Payments, Inc. Lowered by Analyst (NYSE:FOUR)

Shift4 Payments, Inc. (NYSE:FOUR) – Equities researchers at Seaport Res Ptn cut their Q1 2024 EPS estimates for shares of Shift4 Payments in a research note issued to investors on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now forecasts that the company will earn $0.16 per share for the quarter, down from their previous forecast of $0.52. The consensus estimate for Shift4 Payments’ current full-year earnings is $2.85 per share. Seaport Res Ptn also issued estimates for Shift4 Payments’ Q2 2024 earnings at $0.23 EPS, Q3 2024 earnings at $0.99 EPS, Q4 2024 earnings at $1.50 EPS, Q1 2025 earnings at $0.32 EPS, Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $1.12 EPS, Q4 2025 earnings at $1.86 EPS and FY2025 earnings at $3.62 EPS.

Shift4 Payments (NYSE:FOUR) last released its earnings results on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $278.85 million.

Several other research firms have also recently issued reports on FOUR. Benchmark reiterated a “buy” rating and set a $99.00 price objective on shares of Shift4 Payments in a research report on Tuesday, March 19th. Raymond James lifted their price objective on shares of Shift4 Payments from $75.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, December 20th. Piper Sandler reissued an “overweight” rating and issued a $93.00 target price on shares of Shift4 Payments in a report on Wednesday, February 28th. The Goldman Sachs Group cut their target price on shares of Shift4 Payments from $91.00 to $80.00 and set a “buy” rating for the company in a report on Monday. Finally, DA Davidson reissued a “buy” rating and issued a $96.00 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 given a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $84.52.

Shift4 Payments Trading Up 0.5 %

Shift4 Payments stock opened at $62.47 on Wednesday. The stock has a market cap of $5.38 billion, a P/E ratio of 43.99, a PEG ratio of 0.98 and a beta of 1.57. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.64 and a quick ratio of 1.63. Shift4 Payments has a 1 year low of $42.91 and a 1 year high of $92.30. The firm’s 50 day moving average price is $73.43 and its 200-day moving average price is $67.37.

Insider Activity at Shift4 Payments

In related news, insider David Taylor Lauber sold 15,000 shares of Shift4 Payments 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 directly owns 243,880 shares in the company, valued at $19,546,982. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.14% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

A number of large investors have recently added to or reduced their stakes in FOUR. PNC Financial Services Group Inc. raised its holdings in Shift4 Payments by 26.9% in the first quarter. PNC Financial Services Group Inc. now owns 14,563 shares of the company’s stock worth $903,000 after purchasing an additional 3,090 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Shift4 Payments during the first quarter worth about $172,000. Great West Life Assurance Co. Can grew its stake in shares of Shift4 Payments by 21.2% during the first quarter. Great West Life Assurance Co. Can now owns 2,319 shares of the company’s stock worth $153,000 after acquiring an additional 405 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Shift4 Payments by 61.2% during the first quarter. Allianz Asset Management GmbH now owns 222,080 shares of the company’s stock worth $13,753,000 after acquiring an additional 84,283 shares during the last quarter. Finally, Baird Financial Group Inc. grew its stake in shares of Shift4 Payments by 338.1% during the first quarter. Baird Financial Group Inc. now owns 31,524 shares of the company’s stock worth $1,952,000 after acquiring an additional 24,329 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

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.