CPI Card Group (NASDAQ:PMTS) Announces Earnings Results

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

CPI Card Group Price Performance

Shares of NASDAQ:PMTS opened at $23.50 on Wednesday. The firm has a market capitalization of $261.37 million, a PE ratio of 14.97 and a beta of 1.15. CPI Card Group has a 1 year low of $12.65 and a 1 year high of $31.00. The firm’s 50-day moving average is $27.76 and its two-hundred day moving average is $22.19.

Insider Activity

In other CPI Card Group news, major shareholder Equity Ulc Parallel49 sold 120,534 shares of the business’s stock in a transaction on Friday, July 5th. 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 transaction, the insider now owns 6,193,977 shares in the company, valued at $112,916,200.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PMTS shares. Lake Street Capital boosted their price objective 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 raised CPI Card Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 19th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $34.67.

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.