B. Riley Has Negative Outlook of CPI Card Group Q3 Earnings

CPI Card Group Inc. (NASDAQ:PMTS) – Equities research analysts at B. Riley dropped their Q3 2024 earnings per share estimates for shares of CPI Card Group in a research note issued on Monday, October 28th. B. Riley analyst H. Goetsch now forecasts that the company will post earnings of $0.34 per share for the quarter, down from their previous forecast of $0.48. The consensus estimate for CPI Card Group’s current full-year earnings is $2.12 per share. B. Riley also issued estimates for CPI Card Group’s FY2024 earnings at $1.69 EPS and FY2025 earnings at $2.32 EPS.

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

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

CPI Card Group Trading Up 0.9 %

PMTS stock opened at $22.84 on Wednesday. The stock’s 50 day simple moving average is $25.51 and its 200 day simple moving average is $25.34. CPI Card Group has a 12-month low of $12.65 and a 12-month high of $31.00. The firm has a market cap of $254.89 million, a P/E ratio of 14.93 and a beta of 1.15.

Insider Activity at CPI Card Group

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

Institutional Trading of CPI Card Group

Hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its holdings in shares of 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 purchasing an additional 1,555 shares during the period. Allspring Global Investments Holdings LLC bought a new position in CPI Card Group in the 3rd quarter valued at about $205,000. Privium Fund Management UK Ltd acquired a new position in CPI Card Group during the 2nd quarter valued at about $257,000. Ritholtz Wealth Management bought a new stake in shares of CPI Card Group during the 3rd quarter worth about $449,000. Finally, Denali Advisors LLC raised its position in shares of CPI Card Group by 19.0% during the 1st quarter. Denali Advisors LLC now owns 16,300 shares of the company’s stock worth $291,000 after buying an additional 2,600 shares in the last quarter. Institutional investors own 22.08% of the company’s stock.

About CPI Card Group

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.