Shift4 Payments (NYSE:FOUR) Announces Earnings Results, Beats Estimates By $0.07 EPS

Shift4 Payments (NYSE:FOURGet Rating) posted its quarterly earnings results on Thursday. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07, Briefing.com reports. The business had revenue of $506.70 million for the quarter, compared to analysts’ expectations of $476.34 million. Shift4 Payments had a positive return on equity of 6.20% and a negative net margin of 0.94%. The business’s quarterly revenue was up 44.4% on a year-over-year basis. During the same period last year, the firm earned $0.08 earnings per share. Shift4 Payments updated its FY 2022 guidance to EPS.

Shift4 Payments Stock Up 3.9 %

FOUR traded up $1.70 on Friday, hitting $44.85. The company had a trading volume of 1,276,657 shares, compared to its average volume of 1,053,558. Shift4 Payments has a 12-month low of $29.39 and a 12-month high of $91.42. The company has a current ratio of 5.52, a quick ratio of 5.51 and a debt-to-equity ratio of 4.15. The business’s fifty day simple moving average is $36.77 and its 200 day simple moving average is $46.92.

Wall Street Analyst Weigh In

A number of research firms have commented on FOUR. Citigroup decreased their price target on Shift4 Payments from $81.00 to $65.00 in a report on Friday, May 6th. Truist Financial decreased their price target on Shift4 Payments from $80.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, June 30th. Piper Sandler decreased their price target on Shift4 Payments from $70.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 6th. Wolfe Research decreased their price target on Shift4 Payments from $65.00 to $48.00 in a report on Wednesday, July 20th. Finally, Royal Bank of Canada decreased their price target on Shift4 Payments from $77.00 to $65.00 in a report on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Shift4 Payments presently has a consensus rating of “Moderate Buy” and an average target price of $63.14.

Insider Buying and Selling

In related news, CEO Jared Isaacman purchased 27,728 shares of the company’s stock in a transaction that occurred on Thursday, June 16th. The stock was bought at an average price of $31.60 per share, for a total transaction of $876,204.80. Following the completion of the transaction, the chief executive officer now owns 362,470 shares in the company, valued at approximately $11,454,052. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 36.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. purchased a new position in Shift4 Payments in the first quarter worth about $58,000. Great West Life Assurance Co. Can boosted its position in shares of Shift4 Payments by 21.2% during the first quarter. Great West Life Assurance Co. Can now owns 2,319 shares of the company’s stock valued at $153,000 after buying an additional 405 shares during the period. MetLife Investment Management LLC purchased a new position in shares of Shift4 Payments during the first quarter valued at approximately $172,000. Lazard Asset Management LLC boosted its position in shares of Shift4 Payments by 50.2% during the first quarter. Lazard Asset Management LLC now owns 3,003 shares of the company’s stock valued at $185,000 after buying an additional 1,003 shares during the period. Finally, Toroso Investments LLC purchased a new position in shares of Shift4 Payments during the first quarter valued at approximately $212,000. Hedge funds and other institutional investors own 72.81% of the company’s stock.

Shift4 Payments Company Profile

(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.

Featured Stories

Earnings History for Shift4 Payments (NYSE:FOUR)

Receive News & Ratings for Shift4 Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shift4 Payments and related companies with MarketBeat.com's FREE daily email newsletter.