$ 98.63 million in expected sales for Shift4 Payments, Inc. (NYSE: FOUR) this quarter
Analysts expect Shift4 Payments, Inc. (NYSE: FOUR) to report revenue of $ 98.63 million for the current quarter, Zacks investment research reports. Three analysts made estimates for Shift4 Payments earnings, with the lowest sales estimate at $ 97.80 million and the highest estimate at $ 99.50 million. The company is expected to publish its next results before the market opens on Thursday, May 6.
Zacks says analysts expect Shift4 Payments to post annual revenue of $ 455.63 million for the current fiscal year, with estimates ranging from $ 451.00 million to $ 458.60 million of dollars. For the next fiscal year, analysts predict the company will record sales of $ 576.73 million, with estimates ranging from $ 558.10 million to $ 603.00 million. Zacks Investment Research sales averages are an average based on a survey of sales-side research analysts who track Shift4 Payments.
A number of brokerage firms weighed in on FOUR. Evercore ISI increased its price target on Shift4 Payments from $ 75.00 to $ 101.00 and gave the company an “outperformance” rating in a research note on Monday, March 8. Bank of America upgraded Shift4 Payments from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 17. Zacks investment research raised Shift4 Payments from a “sell” note to a “maintain” note in a report on Wednesday, March 10. Truist increased its target price on Shift4 Payments from $ 70.00 to $ 100.00 in a report on Friday, March 5. Finally, Truist Securities raised its price target on Shift4 Payments from $ 70.00 to $ 100.00 and gave the company a “buy” rating in a Tuesday March 9 report. Five equity research analysts rated the stock with a sustaining rating and nine gave the stock a buy rating. The company currently has an average “Buy” rating and an average target price of $ 65.20.
In other news from Shift4 Payments, major shareholder Searchlight Capital Partners I sold 2,000,000 shares of the company in a trade on Tuesday, March 16. The stock was sold at an average price of $ 90.98, for a total transaction of $ 181,960,000.00. The transaction was disclosed in a filing with the SEC, accessible via this hyperlink. 12.20% of the stock is currently held by insiders.
Institutional investors and hedge funds have recently bought and sold shares in the company. The Manufacturers Life Insurance Company increased its position in Shift4 Payments shares by 621.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,082,116 shares of the company valued at $ 81,592,000 after acquiring an additional 932,116 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Shift4 Payments shares by 523.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 894,653 shares of the company valued at $ 67,457,000 after acquiring an additional 751,266 shares during the last quarter. Lord Abbett & CO. LLC increased its position in Shift4 Payments shares by 99.8% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,324,869 shares of the company valued at $ 99,895,000 after acquiring an additional 661,902 shares during the last quarter. Alliancebernstein LP increased its position in Shift4 Payments shares by 45.0% in the fourth quarter. Alliancebernstein LP now owns 1,867,786 shares of the company valued at $ 140,831,000 after acquiring an additional 579,514 shares during the last quarter. Finally, BlackRock Inc. increased its position in Shift4 Payments shares by 39.6% in the fourth quarter. BlackRock Inc. now owns 1,530,296 shares of the company valued at $ 115,384,000 after acquiring an additional 433,897 shares during the last quarter. Institutional investors hold 33.36% of the shares of the company.
Actions of NYSE FOUR open for $ 94.64 Wednesday. The company has a current ratio of 3.83, a quick ratio of 3.82 and a debt ratio of 0.79. Shift4 Payments has a 12 month minimum of $ 30.00 and a 12 month maximum of $ 104.11. The stock has a 50-day moving average of $ 88.28 and a two-hundred-day moving average of $ 73.74.
Shift4 Payments Company Profile
Shift4 Payments, Inc provides integrated payment processing and technology solutions in the United States. Its payment platform provides omnichannel card acceptance and processing solutions, including end-to-end payment processing for various payment types; market acquisition; proprietary omnichannel gateway; complementary software integrations; integrated and mobile point of sale (POS) solutions; security and risk management solutions; and reporting and analysis tools, as well as solutions for tokenization, risk management / underwriting, management of payment devices and chargebacks, fraud prevention and gift cards.
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