CPI Card Group Inc. (NASDAQ:PMTS – Free Report) – Investment analysts at B. Riley cut their third quarter 2024 earnings per share estimates for shares of CPI Card Group in a note to investors on Tuesday, August 6. B. Riley analyst H. Goetsch now forecasts the company to earn $0.48 per share in the quarter, below his previous forecast of $0.49. The consensus estimate for CPI Card Group’s current full-year earnings is $2.22 per share. B. Riley also provided estimates for CPI Card Group’s fourth quarter 2024 earnings of $0.36 per share.
CPI Card Group (NASDAQ:PMTS – Get Free Report) last released its quarterly earnings results on Monday, August 5. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). CPI Card Group had a negative return on equity of 33.75% and a net margin of 4.26%. The company had revenue of $118.82 million for the quarter, compared to the consensus estimate of $111.85 million. During the same period last year, the company reported earnings per share of $0.55.
PMTS has been the subject of a number of other reports. Lake Street Capital raised their price target on CPI Card Group from $22.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday. StockNews.com upgraded CPI Card Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 19. Four research analysts have rated the stock with a “buy” rating and one has given the company’s stock a “strong-buy” rating. According to MarketBeat, the company currently has an average rating of “buy” and an average price target of $34.67.
Check out our latest research report on CPI Card Group
CPI Card Group records 17.8% decline
PMTS opened at $23.50 on Wednesday. CPI Card Group has a 12-month low of $12.65 and a 12-month high of $31.00. The company’s 50-day moving average is $27.76 and its 200-day moving average is $22.19. The company has a market cap of $261.37 million, a price-to-earnings ratio of 14.97 and a beta of 1.15.
Insider buying and selling at CPI Card Group
In other CPI Card Group news, major shareholder Equity Ulc Parallel49 sold 120,534 shares of the company’s stock in a transaction that occurred on Friday, July 5. The shares were sold at an average price of $18.23, for a total value of $2,197,334.82. Following the completion of the sale, the insider now directly owns 6,193,977 shares of the company’s stock, valued at $112,916,200.71. The transaction was disclosed in a document filed with the SEC, which is available at this link. 6.10% of the shares are currently owned by company insiders.
Institutional inflows and outflows
Several institutional investors have recently changed their holdings in PMTS. Rhumbline Advisers increased its holdings in shares of CPI Card Group by 32.8% in the second quarter. Rhumbline Advisers now owns 6,302 shares of the company’s stock valued at $172,000 after acquiring an additional 1,555 shares in the last quarter. Privium Fund Management UK Ltd acquired a new position in CPI Card Group in the second quarter valued at about $257,000. Navellier & Associates Inc. acquired a new position in CPI Card Group in the fourth quarter valued at about $275,000. Denali Advisors LLC increased its holdings in CPI Card Group by 19.0% in the first quarter. Denali Advisors LLC now owns 16,300 shares of the company’s stock valued at $291,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its position in CPI Card Group by 10.2% during the second quarter. Linden Thomas Advisory Services LLC now owns 24,653 shares of the company’s stock valued at $672,000 after acquiring an additional 2,283 shares in the last quarter. 22.08% of the shares are currently owned by hedge funds and other institutional investors.
About CPI Card Group
(Get free report)
CPI Card Group Inc., together with its subsidiaries, is engaged in the design, production, data personalization, packaging and delivery of payment cards. The company operates through the debit and credit and prepaid debit segments. The debit and credit segment manufactures payment cards and provides integrated card services to card-issuing financial institutions.
Further information
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