Shift4 Payments (NYSE:FOUR) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Shift4 Payments (NYSE:FOUR) released its quarterly earnings data on Tuesday. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06, Zacks reports. The business had revenue of $405.00 million during the quarter, compared to analyst estimates of $1 billion. Shift4 Payments had a return on equity of 29.38% and a net margin of 6.89%.

Shift4 Payments Stock Down 1.8 %

Shares of NYSE FOUR opened at $101.88 on Thursday. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. Shift4 Payments has a 52-week low of $55.87 and a 52-week high of $127.50. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 1.32 and a beta of 1.72. The business’s 50 day moving average is $110.91 and its two-hundred day moving average is $97.42.

Insider Buying and Selling at Shift4 Payments

In other news, insider James J. Whalen sold 1,462 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $101.07, for a total transaction of $147,764.34. Following the completion of the sale, the insider now owns 37,089 shares in the company, valued at approximately $3,748,585.23. This represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Taylor Lauber sold 5,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $113.71, for a total transaction of $568,550.00. Following the sale, the insider now owns 210,045 shares of the company’s stock, valued at $23,884,216.95. This trade represents a 2.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,462 shares of company stock worth $1,211,364 over the last 90 days. Corporate insiders own 30.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Stephens reiterated an “overweight” rating and set a $125.00 price objective on shares of Shift4 Payments in a research note on Wednesday. Wells Fargo & Company lifted their price target on Shift4 Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Piper Sandler restated an “overweight” rating and issued a $143.00 price target (up previously from $120.00) on shares of Shift4 Payments in a research note on Wednesday. Oppenheimer lifted their price target on Shift4 Payments from $120.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, Royal Bank of Canada lifted their price target on Shift4 Payments from $116.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $113.52.

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.