FY2024 EPS Estimates for CPI Card Group Inc. (NASDAQ:PMTS) Increased by Analyst

CPI Card Group Inc. (NASDAQ:PMTS) – Equities researchers at Roth Capital raised their FY2024 EPS estimates for shares of CPI Card Group in a research report issued on Wednesday, May 8th. Roth Capital analyst C. Irwin now anticipates that the company will post earnings per share of $2.47 for the year, up from their prior forecast of $2.30. Roth Capital currently has a “Buy” rating on the stock. The consensus estimate for CPI Card Group’s current full-year earnings is $2.12 per share.

CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $102.87 million for the quarter, compared to the consensus estimate of $104.70 million. CPI Card Group had a negative return on equity of 39.59% and a net margin of 5.40%. During the same period in the prior year, the business posted $1.06 earnings per share.

Several other research firms have also commented on PMTS. Roth Mkm initiated coverage on shares of CPI Card Group in a research note on Friday, February 23rd. They set a “buy” rating and a $40.00 price objective for the company. StockNews.com raised shares of CPI Card Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, CPI Card Group has a consensus rating of “Buy” and a consensus target price of $35.50.

CPI Card Group Stock Performance

NASDAQ PMTS opened at $21.00 on Thursday. The business’s 50 day moving average price is $17.77 and its 200-day moving average price is $17.81. CPI Card Group has a fifty-two week low of $12.65 and a fifty-two week high of $30.65. The company has a market cap of $239.00 million, a P/E ratio of 10.40 and a beta of 1.02.

Institutional Investors Weigh In On CPI Card Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Trivant Custom Portfolio Group LLC purchased a new position in CPI Card Group in the 4th quarter worth $31,000. Allspring Global Investments Holdings LLC acquired a new position in shares of CPI Card Group in the third quarter valued at about $84,000. Navellier & Associates Inc. purchased a new position in shares of CPI Card Group in the fourth quarter worth about $275,000. Denali Advisors LLC lifted its holdings in shares of CPI Card Group by 19.0% during the first quarter. Denali Advisors LLC now owns 16,300 shares of the company’s stock worth $291,000 after purchasing an additional 2,600 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in CPI Card Group in the fourth quarter valued at approximately $380,000. 22.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Equity Ulc Parallel49 sold 244,314 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 6,314,511 shares in the company, valued at approximately $113,850,633.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.10% of the stock is currently owned by company insiders.

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.