CPI Card Group Inc. Forecasted to Post Q2 2024 Earnings of $0.65 Per Share (NASDAQ:PMTS)

CPI Card Group Inc. (NASDAQ:PMTSFree Report) – Roth Capital raised their Q2 2024 EPS estimates for CPI Card Group in a report issued on Tuesday, June 11th. Roth Capital analyst C. Irwin now expects that the company will post earnings per share of $0.65 for the quarter, up from their prior estimate of $0.55. Roth Capital has a “Buy” rating on the stock. The consensus estimate for CPI Card Group’s current full-year earnings is $2.22 per share. Roth Capital also issued estimates for CPI Card Group’s Q3 2024 earnings at $0.75 EPS and Q4 2024 earnings at $0.90 EPS.

CPI Card Group (NASDAQ:PMTSGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.13. CPI Card Group had a net margin of 4.26% and a negative return on equity of 33.75%. The business had revenue of $111.94 million for the quarter, compared to analyst estimates of $104.00 million.

PMTS has been the topic of several other reports. StockNews.com lowered shares of CPI Card Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Roth Mkm initiated coverage on shares of CPI Card Group in a report on Friday, February 23rd. They issued a “buy” rating and a $40.00 target price on the stock.

View Our Latest Stock Analysis on PMTS

CPI Card Group Stock Down 2.7 %

PMTS stock opened at $26.57 on Thursday. CPI Card Group has a 12 month low of $12.65 and a 12 month high of $29.94. The firm has a market cap of $295.46 million, a P/E ratio of 16.92 and a beta of 1.11. The company’s 50-day moving average price is $22.33 and its two-hundred day moving average price is $19.68.

Institutional Investors Weigh In On CPI Card Group

A number of hedge funds have recently made changes to their positions in PMTS. UBS Group AG boosted its stake in shares of CPI Card Group by 12.6% in the 3rd quarter. UBS Group AG now owns 171,225 shares of the company’s stock valued at $3,171,000 after purchasing an additional 19,135 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in CPI Card Group by 49.5% during 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 period. Kerrisdale Advisers LLC boosted its position in CPI Card Group by 38.8% during the 3rd quarter. Kerrisdale Advisers LLC now owns 117,650 shares of the company’s stock worth $2,179,000 after buying an additional 32,871 shares during the period. Exchange Traded Concepts LLC acquired a new stake in CPI Card Group during the 4th quarter worth approximately $380,000. Finally, Trivant Custom Portfolio Group LLC acquired a new stake in CPI Card Group during the 4th quarter worth approximately $31,000. 22.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Equity Ulc Parallel49 sold 244,314 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $18.03, for a total value of $4,404,981.42. Following the sale, the insider now directly owns 6,314,511 shares in the company, valued at approximately $113,850,633.33. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.10% of the stock is currently owned by corporate insiders.

About CPI Card Group

(Get Free Report)

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.

Further Reading

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