CPI Card Group Inc. (NASDAQ:PMTS) to Post Q3 2024 Earnings of $0.49 Per Share, B. Riley Forecasts

CPI Card Group Inc. (NASDAQ:PMTS) – Analysts at B. Riley dropped their Q3 2024 earnings per share estimates for shares of CPI Card Group in a research note issued to investors on Tuesday, May 7th. B. Riley analyst H. Goetsch now anticipates that the company will earn $0.49 per share for the quarter, down from their prior estimate of $0.51. The consensus estimate for CPI Card Group’s current full-year earnings is $2.12 per share. B. Riley also issued estimates for CPI Card Group’s Q4 2024 earnings at $0.45 EPS.

Other equities analysts have also issued reports about the company. Roth Mkm began coverage on CPI Card Group in a research report on Friday, February 23rd. They set a “buy” rating and a $40.00 price target on the stock. Roth Capital restated a “buy” rating on shares of CPI Card Group in a report on Friday, February 23rd. Finally, StockNews.com upgraded shares of CPI Card Group from a “buy” rating to a “strong-buy” rating in a report on Thursday. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $35.50.

CPI Card Group Trading Down 0.7 %

PMTS opened at $21.00 on Friday. CPI Card Group has a 12 month low of $12.65 and a 12 month high of $30.65. The business’s 50-day moving average price is $17.77 and its 200-day moving average price is $17.81. The company has a market cap of $239.00 million, a P/E ratio of 10.40 and a beta of 1.02.

CPI Card Group (NASDAQ:PMTS) last issued its earnings results on Thursday, March 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. The business had revenue of $102.87 million during the quarter, compared to analyst estimates of $104.70 million. CPI Card Group had a negative return on equity of 39.59% and a net margin of 5.40%. During the same quarter in the prior year, the firm earned $1.06 earnings per share.

Hedge Funds Weigh In On CPI Card Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC bought a new stake in CPI Card Group during the fourth quarter worth about $380,000. Kerrisdale Advisers LLC boosted its position in shares of CPI Card Group by 38.8% in the 3rd quarter. Kerrisdale Advisers LLC now owns 117,650 shares of the company’s stock worth $2,179,000 after purchasing an additional 32,871 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of CPI Card Group by 49.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,286 shares of the company’s stock worth $431,000 after buying an additional 7,712 shares during the last quarter. UBS Group AG increased its position in CPI Card Group by 12.6% during the 3rd quarter. UBS Group AG now owns 171,225 shares of the company’s stock valued at $3,171,000 after buying an additional 19,135 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC purchased a new position in CPI Card Group during the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 22.08% of the company’s stock.

Insider Transactions at CPI Card Group

In related news, major shareholder Equity Ulc Parallel49 sold 244,314 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $18.03, for a total transaction of $4,404,981.42. Following the completion of the transaction, the insider now owns 6,314,511 shares in the company, valued at $113,850,633.33. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.10% of the company’s stock.

About CPI Card Group

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.