FY2024 Earnings Forecast for Shift4 Payments, Inc. (NYSE:FOUR) Issued By Seaport Res Ptn

Shift4 Payments, Inc. (NYSE:FOUR - Free Report) - Stock analysts at Seaport Res Ptn reduced their FY2024 EPS estimates for Shift4 Payments in a research report issued on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now forecasts that the company will post earnings per share of $2.89 for the year, down from their previous forecast of $2.97. The consensus estimate for Shift4 Payments' current full-year earnings is $2.86 per share.

Shift4 Payments (NYSE:FOUR - Get Free Report) last released its 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). Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. The company had revenue of $269.30 million during the quarter, compared to analysts' expectations of $278.85 million.

Several other research analysts have also commented on the stock. Morgan Stanley increased their price target on shares of Shift4 Payments from $60.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 28th. UBS Group increased their price target on shares of Shift4 Payments from $75.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, February 28th. Wells Fargo & Company increased their price target on shares of Shift4 Payments from $60.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, February 2nd. Royal Bank of Canada restated an "outperform" rating and set a $94.00 price target on shares of Shift4 Payments in a research note on Wednesday, April 3rd. Finally, Keefe, Bruyette & Woods started coverage on shares of Shift4 Payments in a research note on Tuesday, January 16th. They set an "outperform" rating and a $95.00 price target on the stock. One investment 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $84.52.

Shift4 Payments Stock Up 0.4 %

Shares of FOUR traded up $0.22 during mid-day trading on Tuesday, hitting $62.14. 1,021,824 shares of the company's stock were exchanged, compared to its average volume of 1,415,982. The firm has a fifty day moving average of $73.68 and a two-hundred day moving average of $67.40. Shift4 Payments has a twelve month low of $42.91 and a twelve month high of $92.30. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 43.76, a P/E/G ratio of 1.01 and a beta of 1.57. The company has a quick ratio of 1.63, a current ratio of 1.64 and a debt-to-equity ratio of 2.02.

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors and hedge funds have recently modified their holdings of the stock. Crossmark Global Holdings Inc. increased its holdings in shares of Shift4 Payments by 2.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 6,189 shares of the company's stock valued at $460,000 after purchasing an additional 164 shares during the last quarter. United Capital Financial Advisers LLC increased its holdings in shares of Shift4 Payments by 3.1% in the fourth quarter. United Capital Financial Advisers LLC now owns 5,966 shares of the company's stock valued at $334,000 after purchasing an additional 177 shares during the last quarter. BOKF NA grew its stake in shares of Shift4 Payments by 0.7% in the fourth quarter. BOKF NA now owns 28,211 shares of the company's stock valued at $2,097,000 after acquiring an additional 200 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Shift4 Payments by 6.3% in the second quarter. Orion Portfolio Solutions LLC now owns 3,670 shares of the company's stock valued at $249,000 after acquiring an additional 218 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Shift4 Payments by 3.6% in the third quarter. Principal Financial Group Inc. now owns 6,726 shares of the company's stock valued at $372,000 after acquiring an additional 233 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Shift4 Payments

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

About Shift4 Payments

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.