Zacks: Brokerages Anticipate Shift4 Payments, Inc. (NYSE:FOUR) to Announce $0.25 EPS

Wall Street analysts expect that Shift4 Payments, Inc. (NYSE:FOURGet Rating) will announce earnings per share (EPS) of $0.25 for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Shift4 Payments’ earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.16. Shift4 Payments posted earnings per share of $0.22 during the same quarter last year, which indicates a positive year-over-year growth rate of 13.6%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Shift4 Payments will report full-year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $0.85 to $1.35. For the next financial year, analysts anticipate that the business will report earnings of $1.85 per share, with EPS estimates ranging from $1.30 to $2.56. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Shift4 Payments.

Shift4 Payments (NYSE:FOURGet Rating) last posted its earnings results on Thursday, May 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. Shift4 Payments had a negative net margin of 1.50% and a positive return on equity of 3.32%. The firm had revenue of $401.90 million during the quarter, compared to analysts’ expectations of $383.60 million. During the same period in the previous year, the company earned ($0.43) earnings per share. The company’s revenue was up 67.9% compared to the same quarter last year.

A number of research analysts have issued reports on the stock. DA Davidson assumed coverage on shares of Shift4 Payments in a research report on Wednesday, March 9th. They set a “buy” rating and a $70.00 target price on the stock. Credit Suisse Group lowered their target price on Shift4 Payments from $90.00 to $80.00 and set an “outperform” rating for the company in a research note on Wednesday, March 2nd. The Goldman Sachs Group assumed coverage on Shift4 Payments in a research note on Tuesday, May 17th. They set a “neutral” rating and a $55.00 target price for the company. Morgan Stanley cut shares of Shift4 Payments from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $50.00 to $41.00 in a research note on Tuesday, April 19th. Finally, Moffett Nathanson started coverage on shares of Shift4 Payments in a research note on Tuesday, April 5th. They issued a “neutral” rating and a $70.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $72.23.

NYSE:FOUR traded down $2.58 during trading hours on Tuesday, hitting $43.09. 540,317 shares of the company traded hands, compared to its average volume of 1,210,111. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of -100.21 and a beta of 1.86. Shift4 Payments has a twelve month low of $37.46 and a twelve month high of $103.37. The firm has a 50-day moving average of $54.66 and a 200 day moving average of $54.21. The company has a current ratio of 5.52, a quick ratio of 5.51 and a debt-to-equity ratio of 4.15.

In related news, CEO Jared Isaacman acquired 120,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 9th. The shares were acquired at an average price of $46.03 per share, with a total value of $5,523,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 12.20% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in FOUR. Macquarie Group Ltd. lifted its stake in shares of Shift4 Payments by 12.5% in the 3rd quarter. Macquarie Group Ltd. now owns 3,877,505 shares of the company’s stock valued at $300,584,000 after purchasing an additional 431,646 shares during the period. BlackRock Inc. grew its holdings in Shift4 Payments by 7.7% during the third quarter. BlackRock Inc. now owns 3,635,860 shares of the company’s stock valued at $281,852,000 after purchasing an additional 261,391 shares during the period. Wellington Management Group LLP lifted its position in shares of Shift4 Payments by 15.8% in the third quarter. Wellington Management Group LLP now owns 3,615,083 shares of the company’s stock valued at $280,242,000 after acquiring an additional 492,332 shares in the last quarter. Southpoint Capital Advisors LP lifted its position in shares of Shift4 Payments by 81.3% in the fourth quarter. Southpoint Capital Advisors LP now owns 2,900,000 shares of the company’s stock valued at $167,997,000 after acquiring an additional 1,300,000 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Shift4 Payments by 1.7% in the fourth quarter. Alliancebernstein L.P. now owns 2,684,162 shares of the company’s stock worth $155,494,000 after buying an additional 45,285 shares in the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

About Shift4 Payments (Get Rating)

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.

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