Seaport Res Ptn Comments on Shift4 Payments, Inc.'s Q1 2024 Earnings (NYSE:FOUR)

Shift4 Payments, Inc. (NYSE:FOUR - Free Report) - Analysts at Seaport Res Ptn decreased their Q1 2024 earnings per share (EPS) estimates for shares of Shift4 Payments in a report issued on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now anticipates that the company will earn $0.16 per share 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.

Several other analysts have also weighed in on the company. Benchmark reaffirmed a "buy" rating and issued a $99.00 price objective on shares of Shift4 Payments in a research note on Tuesday, March 19th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $94.00 price objective on shares of Shift4 Payments in a research note on Wednesday, April 3rd. Piper Sandler reaffirmed an "overweight" rating and issued a $93.00 price objective on shares of Shift4 Payments in a research note on Wednesday, February 28th. Morgan Stanley raised their price objective on Shift4 Payments from $60.00 to $70.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 28th. Finally, Evercore ISI reduced their price objective on Shift4 Payments from $110.00 to $105.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $84.52.

Shift4 Payments Price Performance

Shares of FOUR traded up $0.33 during trading hours on Wednesday, hitting $62.47. 1,229,215 shares of the company were exchanged, compared to its average volume of 1,413,456. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 43.99, a P/E/G ratio of 0.98 and a beta of 1.57. Shift4 Payments has a fifty-two week low of $42.91 and a fifty-two week high of $92.30. The company has a quick ratio of 1.63, a current ratio of 1.64 and a debt-to-equity ratio of 2.02. The firm's fifty day moving average is $73.43 and its 200 day moving average is $67.37.

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 the consensus estimate of $0.67 by ($0.05). The company had revenue of $269.30 million for the quarter, compared to analyst estimates of $278.85 million. Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%.

Hedge Funds Weigh In On Shift4 Payments

Several institutional investors have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. lifted its stake in 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 buying an additional 164 shares during the period. United Capital Financial Advisers LLC lifted its stake in 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 buying an additional 177 shares during the period. BOKF NA lifted its stake in 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 buying an additional 200 shares during the period. Orion Portfolio Solutions LLC lifted its stake in 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 buying an additional 218 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in 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 buying an additional 233 shares during the period. 98.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider David Taylor Lauber sold 15,000 shares of Shift4 Payments 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 transaction, the insider now directly owns 243,880 shares of the company's stock, valued at $19,546,982. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 32.14% of the stock is owned by 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.