What is B. Riley’s Forecast for CPI Card Group Q4 Earnings?

CPI Card Group Inc. (NASDAQ:PMTS) – Stock analysts at B. Riley lifted their Q4 2024 EPS estimates for CPI Card Group in a report released on Monday, October 28th. B. Riley analyst H. Goetsch now expects that the company will post earnings per share of $0.38 for the quarter, up from their previous forecast of $0.36. The consensus estimate for CPI Card Group’s current full-year earnings is $2.12 per share.

Separately, Lake Street Capital raised their target price on CPI Card Group from $22.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th.

CPI Card Group Stock Performance

Shares of NASDAQ PMTS opened at $21.50 on Thursday. CPI Card Group has a fifty-two week low of $12.65 and a fifty-two week high of $31.00. The stock has a market cap of $239.90 million, a PE ratio of 14.05 and a beta of 1.15. The stock has a fifty day moving average of $25.41 and a 200-day moving average of $25.31.

CPI Card Group (NASDAQ:PMTS) last released its quarterly earnings data on Monday, August 5th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The business had revenue of $118.82 million during the quarter, compared to analysts’ expectations of $111.85 million. CPI Card Group had a net margin of 4.11% and a negative return on equity of 35.79%. During the same quarter in the prior year, the firm posted $0.55 earnings per share.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its position in CPI Card Group by 32.8% during the second quarter. Rhumbline Advisers now owns 6,302 shares of the company’s stock valued at $172,000 after acquiring an additional 1,555 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of CPI Card Group by 10.2% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 24,653 shares of the company’s stock valued at $672,000 after purchasing an additional 2,283 shares during the last quarter. Bank of New York Mellon Corp raised its position in CPI Card Group by 7.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 44,773 shares of the company’s stock worth $1,220,000 after purchasing an additional 3,158 shares during the period. Dimensional Fund Advisors LP lifted its stake in CPI Card Group by 31.8% in the second quarter. Dimensional Fund Advisors LP now owns 23,979 shares of the company’s stock worth $653,000 after purchasing an additional 5,783 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in CPI Card Group during the third quarter valued at about $205,000. 22.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $21.00, for a total value of $28,980,000.00. Following the transaction, the insider now owns 4,813,977 shares of the company’s stock, valued at approximately $101,093,517. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other CPI Card Group news, insider Sonya Vollmer sold 3,660 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.10, for a total value of $91,866.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $21.00, for a total transaction of $28,980,000.00. Following the completion of the transaction, the insider now directly owns 4,813,977 shares in the company, valued at $101,093,517. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.20% 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.