Q1 2024 EPS Estimates for Shift4 Payments, Inc. Reduced by Seaport Res Ptn (NYSE:FOUR)

Shift4 Payments, Inc. (NYSE:FOUR) – Equities researchers at Seaport Res Ptn reduced their Q1 2024 earnings per share (EPS) estimates for Shift4 Payments in a research note issued on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now anticipates that the company will post earnings of $0.16 per share for the quarter, down from their prior 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 also recently weighed in on the company. Morgan Stanley boosted their target price on Shift4 Payments from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 28th. Raymond James upped their price objective on Shift4 Payments from $75.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, December 20th. Wells Fargo & Company upped their price objective on Shift4 Payments from $60.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. The Goldman Sachs Group dropped their price objective on Shift4 Payments from $91.00 to $80.00 and set a “buy” rating for the company in a report on Monday. Finally, UBS Group upped their price objective on Shift4 Payments from $75.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.52.

Shift4 Payments Price Performance

Shift4 Payments stock traded up $0.34 on Wednesday, reaching $62.48. The company’s stock had a trading volume of 1,222,782 shares, compared to its average volume of 1,411,440. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 44.04, a PEG ratio of 0.98 and a beta of 1.57. Shift4 Payments has a twelve month low of $42.91 and a twelve month high of $92.30. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.63 and a current ratio of 1.64. The business’s fifty day moving average price is $73.68 and its 200 day moving average price is $67.40.

Shift4 Payments (NYSE:FOUR) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The business had revenue of $269.30 million during 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%.

Insider Transactions at Shift4 Payments

In other Shift4 Payments news, insider David Taylor Lauber sold 15,000 shares of the firm’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 in the company, valued at $19,546,982. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 32.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FOUR. PNC Financial Services Group Inc. boosted its stake in shares of Shift4 Payments by 26.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,563 shares of the company’s stock worth $903,000 after acquiring an additional 3,090 shares during the period. MetLife Investment Management LLC bought a new position in shares of Shift4 Payments during the 1st quarter worth approximately $172,000. Great West Life Assurance Co. Can boosted its stake in shares of Shift4 Payments by 21.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,319 shares of the company’s stock worth $153,000 after acquiring an additional 405 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of Shift4 Payments by 61.2% during the 1st quarter. Allianz Asset Management GmbH now owns 222,080 shares of the company’s stock worth $13,753,000 after acquiring an additional 84,283 shares during the period. Finally, Baird Financial Group Inc. boosted its stake in shares of Shift4 Payments by 338.1% during the 1st quarter. Baird Financial Group Inc. now owns 31,524 shares of the company’s stock worth $1,952,000 after acquiring an additional 24,329 shares during the period. 98.87% of the stock is currently owned by institutional investors.

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.