Shift4 Payments (NYSE:FOUR) Posts Earnings Results, Misses Estimates By $0.10 EPS

Key Points

• Shift4 Payments reported a quarterly earnings per share (EPS) of $1.10, missing estimates by $0.10, while its revenue was $413.40 million, significantly below the expected $967.84 million.
• The company's stock experienced a price drop, trading down to $84.56, with a market cap of $7.49 billion and a PE ratio of 28.28.
• Insiders sold a total of 13,757 shares in the last quarter, representing a 5.63% decrease in ownership for CFO Nancy Disman and an 11.80% decrease for Director Sarah Goldsmith-Grover.

Shift4 Payments (NYSE:FOUR - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $1.10 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.10), Briefing.com reports. The business had revenue of $413.40 million during the quarter, compared to analyst estimates of $967.84 million. Shift4 Payments had a return on equity of 37.05% and a net margin of 6.11%. The firm's revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.96 EPS.

Shift4 Payments Price Performance

Shares of NYSE:FOUR traded down $1.64 during midday trading on Friday, hitting $81.68. The company's stock had a trading volume of 2,382,975 shares, compared to its average volume of 2,001,087. The business's 50 day simple moving average is $98.15 and its 200 day simple moving average is $94.76. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.36 and a current ratio of 2.53. The company has a market cap of $7.24 billion, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 0.79 and a beta of 1.81. Shift4 Payments has a 12-month low of $68.09 and a 12-month high of $127.50.

Insider Transactions at Shift4 Payments

In other news, Director Sarah Goldsmith-Grover sold 1,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $94.53, for a total value of $94,530.00. Following the transaction, the director directly owned 7,474 shares of the company's stock, valued at approximately $706,517.22. This trade represents a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Karen Roter Davis sold 2,757 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $94.53, for a total transaction of $260,619.21. Following the completion of the transaction, the director directly owned 6,592 shares in the company, valued at approximately $623,141.76. This represents a 29.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,757 shares of company stock valued at $1,258,449. Corporate insiders own 25.15% of the company's stock.

Hedge Funds Weigh In On Shift4 Payments

A hedge fund recently raised its stake in Shift4 Payments stock. Cetera Investment Advisers increased its stake in shares of Shift4 Payments, Inc. (NYSE:FOUR - Free Report) by 18.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,443 shares of the company's stock after purchasing an additional 860 shares during the period. Cetera Investment Advisers' holdings in Shift4 Payments were worth $539,000 at the end of the most recent reporting period. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Benchmark upgraded shares of Shift4 Payments from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a research note on Thursday, July 17th. They issued a "buy" rating and a $120.00 price objective on the stock. Piper Sandler lowered their price target on shares of Shift4 Payments from $113.00 to $107.00 and set an "overweight" rating on the stock in a report on Wednesday. The Goldman Sachs Group reissued a "buy" rating and set a $104.00 price target on shares of Shift4 Payments in a report on Wednesday. Finally, UBS Group lowered their price target on shares of Shift4 Payments from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Shift4 Payments presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.40.

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.