CPI Card Group (NASDAQ:PMTS) Posts Earnings Results, Misses Expectations By $0.05 EPS

CPI Card Group (NASDAQ:PMTS) announced its quarterly earnings data on Monday. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05), Yahoo Finance reports. The business had revenue of $118.82 million during the quarter, compared to analysts’ expectations of $111.85 million. CPI Card Group had a net margin of 4.26% and a negative return on equity of 33.75%. During the same period in the prior year, the firm earned $0.55 EPS.

CPI Card Group Stock Performance

Shares of NASDAQ:PMTS traded up $0.96 during trading on Wednesday, hitting $24.46. The company’s stock had a trading volume of 4,103 shares, compared to its average volume of 27,047. CPI Card Group has a fifty-two week low of $12.65 and a fifty-two week high of $31.00. The stock’s 50-day moving average price is $27.76 and its two-hundred day moving average price is $22.19. The company has a market capitalization of $272.04 million, a PE ratio of 14.97 and a beta of 1.15.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PMTS shares. StockNews.com raised CPI Card Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 19th. Lake Street Capital boosted their price target on CPI Card Group from $22.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $34.67.

Insider Buying and Selling

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 5th. The stock was sold at an average price of $18.23, for a total transaction of $2,197,334.82. Following the sale, the insider now owns 6,193,977 shares in the company, valued at $112,916,200.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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.