B. Riley Issues Negative Outlook for CPI Card Group Earnings

CPI Card Group Inc. (NASDAQ:PMTS) – Investment analysts at B. Riley cut their FY2024 earnings per share (EPS) estimates for CPI Card Group in a report issued on Tuesday, November 5th. B. Riley analyst H. Goetsch now forecasts that the company will post earnings per share of $1.48 for the year, down from their prior forecast of $1.69. The consensus estimate for CPI Card Group’s current full-year earnings is $2.06 per share.

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

CPI Card Group Stock Up 2.1 %

PMTS stock opened at $27.36 on Friday. CPI Card Group has a twelve month low of $12.65 and a twelve month high of $31.00. The company has a market cap of $305.34 million, a PE ratio of 17.88 and a beta of 1.21. The business’s 50-day simple moving average is $25.06 and its 200 day simple moving average is $25.54.

CPI Card Group (NASDAQ:PMTS) last released its earnings results on Monday, August 5th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). CPI Card Group had a negative return on equity of 35.79% and a net margin of 4.11%. The firm had revenue of $118.82 million for the quarter, compared to analyst estimates of $111.85 million. During the same period last year, the business earned $0.55 earnings per share.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PMTS. Rhumbline Advisers boosted its holdings in shares of CPI Card Group by 32.8% in the 2nd quarter. Rhumbline Advisers now owns 6,302 shares of the company’s stock worth $172,000 after acquiring an additional 1,555 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in CPI Card Group during the 3rd quarter worth $205,000. Privium Fund Management UK Ltd acquired a new position in CPI Card Group during the 2nd quarter worth $257,000. Ritholtz Wealth Management acquired a new position in CPI Card Group during the 3rd quarter worth $449,000. Finally, Dimensional Fund Advisors LP lifted its holdings in CPI Card Group by 31.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 23,979 shares of the company’s stock worth $653,000 after buying an additional 5,783 shares in the last quarter. 22.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CPI Card Group

In other CPI Card Group news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of CPI Card Group stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $21.00, for a total transaction of $28,980,000.00. Following the sale, the insider now directly owns 4,813,977 shares of the company’s stock, valued at approximately $101,093,517. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $21.00, for a total value of $28,980,000.00. Following the transaction, the insider now directly owns 4,813,977 shares of the company’s stock, valued at $101,093,517. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sonya Vollmer sold 3,660 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.10, for a total value of $91,866.00. The disclosure for this sale can be found here. Company 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.