Shift4 Payments (FOUR) Scheduled to Post Quarterly Earnings on Thursday

Shift4 Payments (NYSE:FOUR) is set to post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Shift4 Payments to post earnings of $0.64 per share for the quarter. Shift4 Payments has set its FY 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Shift4 Payments (NYSE:FOUR) last issued 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 business had revenue of $269.30 million for the quarter, compared to analyst estimates of $278.85 million. On average, analysts expect Shift4 Payments to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shift4 Payments Stock Performance

Shares of FOUR stock opened at $59.64 on Wednesday. Shift4 Payments has a 12-month low of $42.91 and a 12-month high of $92.30. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.64 and a quick ratio of 1.63. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 42.00, a price-to-earnings-growth ratio of 0.94 and a beta of 1.59. The business has a 50 day simple moving average of $69.23 and a 200 day simple moving average of $68.12.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FOUR. Evercore ISI cut their price objective on shares of Shift4 Payments from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th. Keefe, Bruyette & Woods started coverage on shares of Shift4 Payments in a research note on Tuesday, January 16th. They set an “outperform” rating and a $95.00 price objective on the stock. Wells Fargo & Company upped their target price on Shift4 Payments from $60.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $94.00 price target on shares of Shift4 Payments in a research note on Wednesday, April 3rd. Finally, Mizuho reissued a “buy” rating and issued a $85.00 price objective on shares of Shift4 Payments in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.95.

Insider Activity at Shift4 Payments

In other news, insider David Taylor Lauber sold 15,000 shares of the firm’s 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 sale, the insider now owns 243,880 shares of the company’s stock, valued at $19,546,982. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 32.14% of the stock is owned by insiders.

Shift4 Payments Company Profile

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.