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

Shift4 Payments, Inc. (NYSE:FOUR) – Equities research analysts at Seaport Res Ptn decreased their Q1 2024 earnings per share (EPS) estimates for Shift4 Payments in a note issued to investors on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now forecasts that the company will post earnings per share of $0.16 for the quarter, down from their previous forecast 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.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data 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). Shift4 Payments had a return on equity of 27.35% and a net margin of 3.36%. The firm had revenue of $269.30 million for the quarter, compared to the consensus estimate of $278.85 million.

FOUR has been the topic of several other reports. Mizuho restated a “buy” rating and set a $85.00 price objective on shares of Shift4 Payments in a research note on Wednesday, March 27th. UBS Group raised their target price on Shift4 Payments from $75.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Raymond James raised their target price on Shift4 Payments from $75.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, December 20th. Evercore ISI cut their target price 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. Finally, The Goldman Sachs Group cut their target price on Shift4 Payments from $91.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.52.

Shift4 Payments Stock Performance

FOUR traded up $0.34 during trading hours on Wednesday, hitting $62.48. 1,222,782 shares of the stock were exchanged, compared to its average volume of 1,411,440. The stock has a 50-day simple moving average of $73.68 and a 200-day simple moving average of $67.40. Shift4 Payments has a 12 month low of $42.91 and a 12 month high of $92.30. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 44.04, a price-to-earnings-growth ratio of 0.98 and a beta of 1.57. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.64 and a quick ratio of 1.63.

Insider Activity at Shift4 Payments

In related news, insider David Taylor Lauber sold 15,000 shares of the stock in a transaction 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 owns 243,880 shares in the company, valued at approximately $19,546,982. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 32.14% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Shift4 Payments

Hedge funds and other institutional investors have recently modified their holdings of the stock. Durable Capital Partners LP boosted its position in Shift4 Payments by 7.1% during the 4th quarter. Durable Capital Partners LP now owns 4,576,010 shares of the company’s stock worth $255,936,000 after acquiring an additional 301,452 shares during the period. Alliancebernstein L.P. boosted its position in Shift4 Payments by 6.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,171,922 shares of the company’s stock worth $177,406,000 after acquiring an additional 179,965 shares during the period. Jennison Associates LLC boosted its position in Shift4 Payments by 25.7% during the 4th quarter. Jennison Associates LLC now owns 2,945,060 shares of the company’s stock worth $218,936,000 after acquiring an additional 601,749 shares during the period. Wasatch Advisors LP boosted its position in Shift4 Payments by 31.6% during the 4th quarter. Wasatch Advisors LP now owns 2,570,145 shares of the company’s stock worth $191,065,000 after acquiring an additional 616,452 shares during the period. Finally, Clearbridge Investments LLC boosted its position in Shift4 Payments by 2.8% during the 4th quarter. Clearbridge Investments LLC now owns 2,083,024 shares of the company’s stock worth $154,852,000 after acquiring an additional 57,466 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

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.