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

Shift4 Payments (NYSE:FOUR) released its earnings results on Tuesday. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06, Zacks reports. Shift4 Payments had a net margin of 4.04% and a return on equity of 23.86%.

Shift4 Payments Stock Performance

NYSE:FOUR traded up $4.76 during trading hours on Tuesday, reaching $126.04. The company had a trading volume of 3,582,011 shares, compared to its average volume of 1,281,054. The company has a current ratio of 2.98, a quick ratio of 2.97 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 $11.36 billion, a price-to-earnings ratio of 68.50, a PEG ratio of 1.26 and a beta of 1.72. The firm’s 50 day moving average price is $110.32 and its 200-day moving average price is $96.93.

Insiders Place Their Bets

In other news, insider James J. Whalen sold 1,462 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the completion of the sale, the insider now directly owns 37,089 shares in the company, valued at $3,748,585.23. This represents a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jordan Frankel sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $99.01, for a total value of $495,050.00. Following the completion of the sale, the insider now owns 222,112 shares of the company’s stock, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,462 shares of company stock valued at $1,211,364. Company insiders own 30.57% of the company’s stock.

Wall Street Analysts Forecast Growth

FOUR has been the subject of several recent research reports. Keefe, Bruyette & Woods lowered shares of Shift4 Payments from an “outperform” rating to a “market perform” rating and set a $112.00 target price for the company. in a report on Monday, December 9th. The Goldman Sachs Group lifted their target price on shares of Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Benchmark lowered shares of Shift4 Payments from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Piper Sandler lifted their target price on shares of Shift4 Payments from $93.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, Morgan Stanley lifted their target price on shares of Shift4 Payments from $90.00 to $109.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Shift4 Payments has a consensus rating of “Moderate Buy” and an average target price of $108.24.

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.