Shift4 Payments (FOUR) to Release Quarterly Earnings on Thursday

Shift4 Payments (NYSE:FOUR) will be issuing its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.64 per share for the quarter. Shift4 Payments has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The business had revenue of $269.30 million for the quarter, compared to analysts’ expectations of $278.85 million. Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. On average, analysts expect Shift4 Payments to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shift4 Payments Price Performance

Shares of NYSE FOUR opened at $60.03 on Tuesday. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 0.94 and a beta of 1.59. Shift4 Payments has a 12 month low of $42.91 and a 12 month high of $92.30. The firm’s 50 day simple moving average is $69.48 and its 200-day simple moving average is $68.07. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.64 and a quick ratio of 1.63.

Wall Street Analysts Forecast Growth

FOUR has been the topic of a number of analyst reports. Keefe, Bruyette & Woods initiated coverage on shares of Shift4 Payments in a research note on Tuesday, January 16th. They set an “outperform” rating and a $95.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $94.00 price objective on shares of Shift4 Payments in a research note on Wednesday, April 3rd. Redburn Atlantic raised shares of Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 price target on the stock in a research note on Friday, April 19th. Wells Fargo & Company lifted their price target on shares of Shift4 Payments from $60.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, The Goldman Sachs Group dropped their price target on shares of Shift4 Payments from $91.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.95.

Insider Activity at Shift4 Payments

In related news, insider David Taylor Lauber sold 15,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly 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 accessible through the SEC website. 32.14% of the stock is currently owned by corporate insiders.

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.