Seaport Res Ptn Weighs in on Shift4 Payments, Inc.’s Q1 2024 Earnings (NYSE:FOUR)

Shift4 Payments, Inc. (NYSE:FOUR) – Equities research analysts at Seaport Res Ptn decreased their Q1 2024 EPS estimates for shares of Shift4 Payments in a research note issued on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now expects 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.

FOUR has been the topic of a number of other research reports. Keefe, Bruyette & Woods assumed coverage on shares of Shift4 Payments in a report on Tuesday, January 16th. They set an “outperform” rating and a $95.00 price objective on the stock. Piper Sandler restated an “overweight” rating and set a $93.00 target price on shares of Shift4 Payments in a research report on Wednesday, February 28th. Mizuho restated a “buy” rating and set a $85.00 target price on shares of Shift4 Payments in a research report on Wednesday, March 27th. DA Davidson restated a “buy” rating and set a $96.00 target price on shares of Shift4 Payments in a research report on Wednesday, February 28th. Finally, Benchmark reiterated a “buy” rating and issued a $99.00 price target on shares of Shift4 Payments in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.52.

Shift4 Payments Stock Down 0.9 %

Shares of NYSE:FOUR opened at $61.92 on Wednesday. Shift4 Payments has a 12 month low of $42.91 and a 12 month high of $92.30. The company’s 50-day moving average price is $73.15 and its two-hundred day moving average price is $67.33. 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 has a market cap of $5.34 billion, a P/E ratio of 43.61, a P/E/G ratio of 0.98 and a beta of 1.57.

Shift4 Payments (NYSE:FOUR) last posted its earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share 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 during the quarter, compared to the consensus estimate of $278.85 million.

Hedge Funds Weigh In On Shift4 Payments

Hedge funds have recently made changes to their positions in the business. Belpointe Asset Management LLC grew its stake in shares of Shift4 Payments by 358.6% in the first quarter. Belpointe Asset Management LLC now owns 454 shares of the company’s stock valued at $34,000 after buying an additional 355 shares in the last quarter. Fortis Capital Advisors LLC grew its stake in shares of Shift4 Payments by 1,873.9% in the first quarter. Fortis Capital Advisors LLC now owns 454 shares of the company’s stock valued at $34,000 after buying an additional 431 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Shift4 Payments in the second quarter valued at $34,000. C M Bidwell & Associates Ltd. bought a new position in shares of Shift4 Payments in the third quarter valued at $35,000. Finally, State of Wyoming bought a new position in shares of Shift4 Payments in the fourth quarter valued at $36,000. 98.87% of the stock is owned by institutional investors.

Insider Transactions at Shift4 Payments

In other news, insider David Taylor Lauber sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $80.15, for a total transaction of $1,202,250.00. Following the completion of the transaction, the insider now directly owns 243,880 shares of the company’s stock, valued at approximately $19,546,982. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 32.14% 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.