CPI Card Group (PMTS) Expected to Announce Quarterly Earnings on Tuesday

CPI Card Group (NASDAQ:PMTS) is projected to announce its earnings results before the market opens on Tuesday, March 4th. Analysts expect the company to announce earnings of $0.52 per share and revenue of $120.54 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

CPI Card Group Stock Performance

CPI Card Group stock opened at $31.00 on Tuesday. CPI Card Group has a fifty-two week low of $15.00 and a fifty-two week high of $35.19. The firm has a 50 day moving average price of $30.36 and a 200 day moving average price of $28.20. The company has a market capitalization of $345.93 million, a PE ratio of 23.66 and a beta of 1.43.

Analysts Set New Price Targets

Several analysts recently weighed in on PMTS shares. DA Davidson began coverage on shares of CPI Card Group in a report on Friday, November 22nd. They issued a “buy” rating and a $36.00 target price for the company. Lake Street Capital boosted their price target on shares of CPI Card Group from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th.

Insiders Place Their Bets

In other news, Director H Sanford Riley bought 2,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average price of $32.51 per share, for a total transaction of $65,020.00. Following the completion of the purchase, the director now owns 9,500 shares in the company, valued at approximately $308,845. This trade represents a 26.67 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.20% 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.