Shift4 Payments (NYSE:FOUR – Get Free Report) is set to release its earnings data before the market opens on Thursday, August 3rd. Analysts expect Shift4 Payments to post earnings of $0.51 per share for the quarter. Shift4 Payments has set its FY 2023 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.
Shift4 Payments (NYSE:FOUR – Get Free Report) last announced its earnings results on Thursday, May 4th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. Shift4 Payments had a net margin of 4.55% and a return on equity of 18.30%. The business had revenue of $200.00 million during the quarter, compared to the consensus estimate of $191.93 million. On average, analysts expect Shift4 Payments to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shift4 Payments Price Performance
Shares of FOUR stock opened at $67.32 on Thursday. Shift4 Payments has a fifty-two week low of $33.40 and a fifty-two week high of $76.40. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 46.43, a PEG ratio of 0.93 and a beta of 1.24. The company has a debt-to-equity ratio of 3.31, a quick ratio of 3.69 and a current ratio of 3.71. The stock’s 50-day simple moving average is $65.51 and its 200-day simple moving average is $65.48.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on FOUR shares. Moffett Nathanson upgraded Shift4 Payments from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $75.00 to $80.00 in a research note on Wednesday, June 14th. Piper Sandler reiterated an “overweight” rating and issued a $85.00 target price on shares of Shift4 Payments in a research report on Friday, April 21st. The Goldman Sachs Group dropped their target price on Shift4 Payments from $90.00 to $88.00 in a research report on Thursday, July 13th. BTIG Research began coverage on Shift4 Payments in a report on Thursday, June 15th. They issued a “buy” rating and a $83.00 price target for the company. Finally, Mizuho began coverage on Shift4 Payments in a report on Monday. They issued a “buy” rating and a $80.00 price target for the company. One equities research analyst has rated the stock with a sell rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.94.
Insider Activity at Shift4 Payments
In other Shift4 Payments news, insider David Taylor Lauber sold 10,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $66.33, for a total value of $663,300.00. Following the completion of the sale, the insider now directly owns 212,192 shares in the company, valued at approximately $14,074,695.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 32.14% of the stock is owned by corporate insiders.
Institutional Trading of Shift4 Payments
Several large investors have recently added to or reduced their stakes in the stock. United Capital Financial Advisers LLC grew its holdings in shares of Shift4 Payments by 3.1% during the 4th quarter. United Capital Financial Advisers LLC now owns 5,966 shares of the company’s stock worth $334,000 after purchasing an additional 177 shares during the period. Creative Planning raised its position in shares of Shift4 Payments by 4.2% during the 2nd quarter. Creative Planning now owns 6,304 shares of the company’s stock worth $208,000 after acquiring an additional 256 shares in the last quarter. Ensign Peak Advisors Inc raised its position in shares of Shift4 Payments by 3.6% during the 1st quarter. Ensign Peak Advisors Inc now owns 8,680 shares of the company’s stock worth $538,000 after acquiring an additional 300 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in Shift4 Payments by 7.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 4,799 shares of the company’s stock worth $269,000 after buying an additional 333 shares during the last quarter. Finally, Belpointe Asset Management LLC grew its stake in Shift4 Payments by 358.6% during the 1st quarter. Belpointe Asset Management LLC now owns 454 shares of the company’s stock worth $34,000 after buying an additional 355 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other 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.