CPI Card Group (NASDAQ:PMTS) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

CPI Card Group (NASDAQ:PMTS) announced its earnings results on Monday. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $118.82 million for the quarter, compared to the consensus estimate of $111.85 million. During the same period in the prior year, the business earned $0.55 EPS.

CPI Card Group Stock Down 17.8 %

NASDAQ:PMTS opened at $23.50 on Wednesday. The stock has a fifty day simple moving average of $27.76 and a 200 day simple moving average of $22.19. The firm has a market capitalization of $261.37 million, a price-to-earnings 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.

Analysts Set New Price Targets

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

Insider Buying and Selling at CPI Card Group

In other news, major shareholder Equity Ulc Parallel49 sold 120,534 shares of CPI Card Group stock in a transaction that occurred 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 directly owns 6,193,977 shares of the company’s stock, 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.

CPI Card Group Company Profile

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.