Shift4 Payments Inc Stock Price, News & Analysis

Shift4 Payments (NYSE: FOUR) plans to offer $500 million in convertible senior notes due 2027, with a potential additional $75 million. The Notes will be unsecured, accruing semi-annual interest, and convertible under certain conditions. Shift4 aims to use the proceeds for general corporate purposes, including acquisitions. Concurrently, approximately 1.79 million shares of Class A common stock will be offered, along with 5.21 million shares by Searchlight Capital Partners. Notably, these offerings are not contingent on each other.

Shift4 Payments (NYSE: FOUR) reported preliminary financial results for Q2 2021, estimating an End-to-End Payment Volume of $11.78 billion to $11.82 billion and Gross Revenue of $345 million to $350 million. The company anticipates Net Income between $3.5 million to $4.5 million and Adjusted EBITDA of $43 million to $45 million. These figures are preliminary and subject to change pending final accounting procedures. Shift4 continues to deliver integrated payment solutions across various industries, having processed over $200 billion in payment volume for 200,000+ businesses in 2019.

Shift4 Payments (NYSE: FOUR) achieved a historic milestone by surpassing $1 billion in weekly end-to-end payment processing volume for the first time. CEO Jared Isaacman highlighted that this represents a compound annual growth rate of over 26% since 2004. The company, which has successfully adapted during economic cycles, plans to transition its Shift4Cares initiative into a comprehensive corporate social responsibility program. This development comes as most of Shift4's merchant base recovers from the pandemic.

Shift4 Payments (NYSE: FOUR) has been named the preferred payments provider for BetMGM, enhancing online gaming and sports betting transactions via its secure, integrated payment solutions. Shift4's end-to-end processing technology, featuring PCI-validated encryption and advanced tokenization, is designed to provide a superior customer experience. CEO Jared Isaacman highlighted that the partnership will capitalize on Shift4's existing expertise in the casino sector, which already services half of Las Vegas Strip casinos. This collaboration aims to position Shift4 aggressively in the growing online gaming market.

Shift4 Payments (NYSE: FOUR) announced that Jared Isaacman, CEO, Brad Herring, CFO, and Taylor Lauber, CSO, will participate in a fireside chat at the RBC Financial Technology Conference on June 17, 2021, at 2:40 PM Eastern. The management team will also be available for one-on-one and small group meetings. Interested parties can access a live webcast of the chat via the Events & Presentations section of Shift4 Payments’ Investor Relations website or through a provided link.

Tao Group Hospitality has partnered with Shift4 Payments to enhance payment processing across its U.S. venues, including notable locations in New York, Las Vegas, Chicago, and Los Angeles. This collaboration will implement Shift4's secure, integrated payment solutions and the latest contactless payment technology, ensuring operational efficiency and improved guest experiences. Shift4 Payments (NYSE: FOUR) is recognized for its comprehensive payment solutions, supporting various industries and processing over 3.5 billion transactions annually.

Shift4 Payments (NYSE: FOUR) has released its 1Q 2021 financial results, showcasing its position as a leader in integrated payment processing solutions. The company has reported significant operational achievements and outlined plans for growth moving forward. For detailed results, interested parties can view the shareholder letter on the Investor Relations website. A conference call is scheduled for May 6, 2021, at 8:30 am ET to discuss these results. Shift4 processed over 3.5 billion transactions in 2019, supporting over 200,000 businesses.

Shift4 Payments (NYSE: FOUR) is set to release its first quarter 2021 financial results on May 6, 2021, before the market opens. A conference call will follow at 8:30 am ET the same day to discuss these results. Shift4 Payments, a leader in integrated payment processing solutions, processed over $200 billion in payments volume for over 200,000 businesses in 2019, showcasing its extensive reach and technological capabilities in various industries.

Shift4 Payments (NYSE: FOUR) celebrated the first anniversary of Shift4Cares.com, a platform aiding U.S. merchants amid COVID-19 challenges. Transaction volume data showed a 215% recovery in March 2021 from pandemic lows, with March end-to-end payment volume reaching $3.3B, a 40% increase from February and 82% year-over-year. Spring break travel contributed to recovery, particularly in Florida and Las Vegas, despite hotel transactions being 20% below pre-pandemic levels. CEO Jared Isaacman expressed optimism for further recovery as vaccinations rise.