Research Analysts Set Expectations for CoreCard Co.’s FY2023 Earnings (NYSE:CCRD)

CoreCard Co. (NYSE:CCRD) – Investment analysts at B. Riley lowered their FY2023 earnings per share estimates for shares of CoreCard in a research report issued to clients and investors on Thursday, November 2nd. B. Riley analyst H. Goetsch now forecasts that the company will post earnings per share of $0.47 for the year, down from their prior forecast of $0.77. The consensus estimate for CoreCard’s current full-year earnings is $0.77 per share. B. Riley also issued estimates for CoreCard’s Q4 2023 earnings at $0.01 EPS, Q1 2024 earnings at $0.06 EPS, Q2 2024 earnings at $0.10 EPS, Q3 2024 earnings at $0.09 EPS, Q4 2024 earnings at $0.12 EPS and FY2024 earnings at $0.37 EPS.

CoreCard Trading Down 2.9 %

NYSE:CCRD opened at $16.37 on Monday. The stock’s 50 day moving average price is $20.49 and its 200 day moving average price is $22.93. The company has a market capitalization of $139.19 million, a PE ratio of 35.59 and a beta of 0.86. The company has a quick ratio of 5.78, a current ratio of 5.78 and a debt-to-equity ratio of 0.03. CoreCard has a 52-week low of $16.26 and a 52-week high of $35.48.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in CoreCard by 297.6% during the 2nd quarter. BlackRock Inc. now owns 364,471 shares of the company’s stock worth $9,243,000 after acquiring an additional 272,807 shares during the period. Renaissance Technologies LLC acquired a new stake in CoreCard during the 2nd quarter worth approximately $7,286,000. Vanguard Group Inc. lifted its position in CoreCard by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 276,989 shares of the company’s stock worth $6,030,000 after acquiring an additional 12,217 shares during the period. Millennium Management LLC acquired a new stake in CoreCard during the 2nd quarter worth approximately $4,690,000. Finally, Geode Capital Management LLC lifted its position in CoreCard by 107.9% during the 2nd quarter. Geode Capital Management LLC now owns 124,810 shares of the company’s stock worth $3,165,000 after acquiring an additional 64,778 shares during the period. Hedge funds and other institutional investors own 45.01% of the company’s stock.

About CoreCard

CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financial technology and services market in the United States, Europe, and the Middle East. It designs, develops, and markets a suite of software solutions to program managers, accounts receivable businesses, financial institutions, retailers, and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and accounts receivable and loan transactions.