Wall Street brokerages expect Shift4 Payments, Inc. (NYSE:FOUR – Get Rating) to report $168.92 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for Shift4 Payments’ earnings, with estimates ranging from $156.70 million to $176.10 million. Shift4 Payments posted sales of $136.30 million in the same quarter last year, which suggests a positive year-over-year growth rate of 23.9%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Shift4 Payments will report full year sales of $700.32 million for the current fiscal year, with estimates ranging from $693.57 million to $713.90 million. For the next financial year, analysts forecast that the company will post sales of $889.17 million, with estimates ranging from $872.07 million to $915.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Shift4 Payments.
Shift4 Payments (NYSE:FOUR – Get Rating) last announced its earnings results on Thursday, May 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. Shift4 Payments had a negative net margin of 1.50% and a positive return on equity of 3.32%. The business had revenue of $401.90 million during the quarter, compared to the consensus estimate of $383.60 million. During the same quarter last year, the firm earned ($0.43) earnings per share. The business’s revenue for the quarter was up 67.9% on a year-over-year basis.
In related news, CEO Jared Isaacman purchased 35,958 shares of Shift4 Payments stock in a transaction on Monday, March 14th. The shares were bought at an average cost of $48.38 per share, for a total transaction of $1,739,648.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 38.03% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Shift4 Payments by 57.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,978 shares of the company’s stock worth $288,000 after purchasing an additional 1,822 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Shift4 Payments by 4.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 126,955 shares of the company’s stock worth $7,354,000 after purchasing an additional 4,977 shares during the period. Bain Capital Public Equity Management II LLC lifted its position in shares of Shift4 Payments by 94.2% in the 3rd quarter. Bain Capital Public Equity Management II LLC now owns 1,295,950 shares of the company’s stock worth $100,462,000 after purchasing an additional 628,609 shares during the period. Brown Advisory Inc. lifted its position in shares of Shift4 Payments by 5.5% in the 4th quarter. Brown Advisory Inc. now owns 139,252 shares of the company’s stock worth $8,067,000 after purchasing an additional 7,273 shares during the period. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Shift4 Payments in the 4th quarter worth approximately $80,000. 72.81% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE FOUR opened at $46.23 on Thursday. Shift4 Payments has a fifty-two week low of $37.46 and a fifty-two week high of $103.37. The company has a 50 day simple moving average of $55.08 and a two-hundred day simple moving average of $54.65. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of -107.51 and a beta of 1.86. The company has a debt-to-equity ratio of 4.15, a quick ratio of 5.51 and a current ratio of 5.52.
Shift4 Payments Company Profile (Get Rating)
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.
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