CPI Card Group (PMTS) to Release Quarterly Earnings on Tuesday

CPI Card Group (NASDAQ:PMTS) is scheduled to release its earnings data before the market opens on Tuesday, May 7th. Analysts expect CPI Card Group to post earnings of $0.33 per share for the quarter. Persons 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 results on Thursday, March 7th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. CPI Card Group had a net margin of 5.40% and a negative return on equity of 39.59%. The company had revenue of $102.87 million during the quarter, compared to analysts’ expectations of $104.70 million. During the same quarter in the previous year, the business posted $1.06 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 Down 2.8 %

Shares of PMTS opened at $17.48 on Friday. The firm has a market capitalization of $198.92 million, a price-to-earnings ratio of 8.65 and a beta of 1.02. The firm’s fifty day simple moving average is $17.75 and its 200-day simple moving average is $17.71. CPI Card Group has a twelve month low of $12.65 and a twelve month high of $42.00.

Insider Buying and Selling

In other CPI Card Group news, major shareholder Equity Ulc Parallel49 sold 244,314 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $18.03, for a total value of $4,404,981.42. Following the completion of the transaction, the insider now owns 6,314,511 shares in the company, valued at $113,850,633.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on PMTS. Roth Capital restated a “buy” rating on shares of CPI Card Group in a research note on Friday, February 23rd. Roth Mkm assumed coverage on CPI Card Group in a research note on Friday, February 23rd. They set a “buy” rating and a $40.00 target price for the company. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $35.50.

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.