CPI Card Group (PMTS) to Release Earnings on Tuesday

CPI Card Group (NASDAQ:PMTS) is scheduled to post its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect CPI Card Group to post earnings of $0.56 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.05). CPI Card Group had a net margin of 4.11% and a negative return on equity of 35.79%. The company had revenue of $118.82 million during the quarter, compared to analyst estimates of $111.85 million. During the same quarter in the previous year, the business posted $0.55 EPS. On average, analysts expect CPI Card Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CPI Card Group Trading Up 1.5 %

Shares of PMTS stock opened at $21.83 on Monday. The firm has a market capitalization of $243.58 million, a price-to-earnings ratio of 14.27 and a beta of 1.21. The firm’s 50 day moving average is $25.28 and its 200-day moving average is $25.45. CPI Card Group has a 1 year low of $12.65 and a 1 year high of $31.00.

Insider Buying and Selling at CPI Card Group

In other CPI Card Group news, Director Marc Sheinbaum purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of $25.26 per share, with a total value of $50,520.00. Following the completion of the purchase, the director now directly owns 10,390 shares in the company, valued at approximately $262,451.40. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Marc Sheinbaum acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of $25.26 per share, with a total value of $50,520.00. Following the completion of the purchase, the director now directly owns 10,390 shares in the company, valued at approximately $262,451.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $21.00, for a total value of $28,980,000.00. Following the completion of the transaction, the insider now directly owns 4,813,977 shares in the company, valued at $101,093,517. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Lake Street Capital increased their price objective on CPI Card Group from $22.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th.

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.