CPI Card Group (NASDAQ:PMTS) Issues Quarterly Earnings Results

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

CPI Card Group Price Performance

NASDAQ PMTS traded up $1.56 during trading on Wednesday, reaching $25.06. The company’s stock had a trading volume of 34,698 shares, compared to its average volume of 27,250. The firm has a fifty day moving average of $27.76 and a 200 day moving average of $22.19. CPI Card Group has a one year low of $12.65 and a one year high of $31.00. The stock has a market capitalization of $278.72 million, a PE ratio of 15.92 and a beta of 1.15.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. StockNews.com raised CPI Card Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 19th. Lake Street Capital increased their price target on shares of CPI Card Group from $22.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $34.67.

Insider Activity

In other news, major shareholder Equity Ulc Parallel49 sold 120,534 shares of the 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 transaction, the insider now owns 6,193,977 shares of the company’s stock, valued at approximately $112,916,200.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.10% 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.