CPI Card Group Inc. (NASDAQ:PMTS) Expected to Earn FY2024 Earnings of $2.47 Per Share

CPI Card Group Inc. (NASDAQ:PMTS) – Research analysts at Roth Capital increased their FY2024 earnings estimates for shares of CPI Card Group in a note issued to investors on Wednesday, May 8th. Roth Capital analyst C. Irwin now expects that the company will earn $2.47 per share for the year, up from their prior estimate of $2.30. Roth Capital 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 announced its quarterly earnings data 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 business had revenue of $102.87 million for the quarter, compared to analyst estimates of $104.70 million. During the same quarter in the previous year, the firm posted $1.06 earnings per share.

Separately, Roth Mkm started coverage on shares of CPI Card Group in a report on Friday, February 23rd. They set a “buy” rating and a $40.00 price objective on the stock. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $35.50.

CPI Card Group Trading Up 2.9 %

Shares of NASDAQ PMTS opened at $21.14 on Thursday. The firm has a market cap of $240.59 million, a price-to-earnings ratio of 10.47 and a beta of 1.02. The stock has a fifty day simple moving average of $17.74 and a two-hundred day simple moving average of $17.79. CPI Card Group has a 1-year low of $12.65 and a 1-year high of $42.00.

Institutional Investors Weigh In On CPI Card Group

A number of institutional investors and hedge funds have recently made changes to their positions in PMTS. Exchange Traded Concepts LLC purchased a new stake in shares of CPI Card Group in the 4th quarter valued at about $380,000. Kerrisdale Advisers LLC lifted its position in CPI Card Group by 38.8% during the third quarter. Kerrisdale Advisers LLC now owns 117,650 shares of the company’s stock valued at $2,179,000 after purchasing an additional 32,871 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in CPI Card Group by 49.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,286 shares of the company’s stock worth $431,000 after buying an additional 7,712 shares in the last quarter. UBS Group AG increased its holdings in shares of CPI Card Group by 12.6% in the 3rd quarter. UBS Group AG now owns 171,225 shares of the company’s stock worth $3,171,000 after buying an additional 19,135 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC purchased a new stake in shares of CPI Card Group during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 22.08% of the company’s stock.

Insider Activity

In other news, major shareholder Equity Ulc Parallel49 sold 244,314 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $18.03, for a total transaction of $4,404,981.42. Following the sale, the insider now directly owns 6,314,511 shares in the company, valued at $113,850,633.33. The sale was disclosed in a document filed with the SEC, which is available at this link. 6.10% of the stock is 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.