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

Shift4 Payments, Inc. (NYSE:FOUR) – Seaport Res Ptn dropped their Q1 2024 earnings per share estimates for shares of Shift4 Payments in a research report issued to clients and investors on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now forecasts that the company will post earnings per share of $0.16 for the quarter, down from their previous estimate 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.

A number of other equities research analysts have also recently weighed in on the company. Benchmark reiterated a “buy” rating and issued a $99.00 price objective on shares of Shift4 Payments in a research note on Tuesday, March 19th. Piper Sandler reiterated an “overweight” rating and issued a $93.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 28th. Keefe, Bruyette & Woods assumed coverage on Shift4 Payments in a research note on Tuesday, January 16th. They issued an “outperform” rating and a $95.00 price objective for the company. Evercore ISI reduced their price objective on Shift4 Payments from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. Finally, The Goldman Sachs Group reduced their price objective on Shift4 Payments from $91.00 to $80.00 and set a “buy” rating for the company in a research note on Monday. One 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.52.

Shift4 Payments Trading Up 0.5 %

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

Shift4 Payments (NYSE:FOUR) last issued its earnings results 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 return on equity of 27.35% and a net margin of 3.36%. The business had revenue of $269.30 million for the quarter, compared to analyst estimates of $278.85 million.

Insider Buying and Selling

In related news, insider David Taylor Lauber sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $80.15, for a total transaction of $1,202,250.00. Following the transaction, the insider now owns 243,880 shares of the company’s stock, valued at $19,546,982. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 32.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Kodai Capital Management LP acquired a new stake in Shift4 Payments in the fourth quarter valued at $59,520,000. Durable Capital Partners LP grew its holdings in Shift4 Payments by 52.0% in the first quarter. Durable Capital Partners LP now owns 2,305,940 shares of the company’s stock valued at $142,807,000 after purchasing an additional 789,002 shares during the last quarter. Wasatch Advisors LP grew its holdings in Shift4 Payments by 31.6% in the fourth quarter. Wasatch Advisors LP now owns 2,570,145 shares of the company’s stock valued at $191,065,000 after purchasing an additional 616,452 shares during the last quarter. Jennison Associates LLC grew its holdings in Shift4 Payments by 25.7% in the fourth quarter. Jennison Associates LLC now owns 2,945,060 shares of the company’s stock valued at $218,936,000 after purchasing an additional 601,749 shares during the last quarter. Finally, Foxhaven Asset Management LP acquired a new stake in Shift4 Payments in the fourth quarter valued at $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.