What is B. Riley's Estimate for CPI Card Group Q4 Earnings?

CPI Card Group Inc. (NASDAQ:PMTS - Free Report) - Research analysts at B. Riley lifted their Q4 2024 earnings estimates for shares of CPI Card Group in a research report issued on Tuesday, November 5th. B. Riley analyst H. Goetsch now anticipates that the company will post earnings of $0.39 per share for the quarter, up from their previous estimate of $0.38. The consensus estimate for CPI Card Group's current full-year earnings is $2.06 per share.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last issued its earnings results on Monday, August 5th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.05). CPI Card Group had a negative return on equity of 35.79% and a net margin of 4.11%. The firm had revenue of $118.82 million during the quarter, compared to analyst estimates of $111.85 million. During the same quarter in the previous year, the business posted $0.55 EPS.

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

CPI Card Group Price Performance

PMTS traded up $2.65 during trading hours on Wednesday, hitting $26.79. 91,901 shares of the stock were exchanged, compared to its average volume of 28,493. CPI Card Group has a 12 month low of $12.65 and a 12 month high of $31.00. The stock has a 50-day simple moving average of $25.09 and a 200-day simple moving average of $25.53. The stock has a market cap of $298.98 million, a price-to-earnings ratio of 17.51 and a beta of 1.21.

Hedge Funds Weigh In On CPI Card Group

A number of hedge funds and other institutional investors have recently modified their holdings of PMTS. Vanguard Group Inc. lifted its stake in CPI Card Group by 3.1% during the first quarter. Vanguard Group Inc. now owns 340,945 shares of the company's stock valued at $6,089,000 after buying an additional 10,265 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of CPI Card Group by 10.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 24,653 shares of the company's stock valued at $672,000 after acquiring an additional 2,283 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of 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 valued at $1,220,000 after acquiring an additional 3,158 shares in the last quarter. Rhumbline Advisers boosted its stake in CPI Card Group by 32.8% in the 2nd quarter. Rhumbline Advisers now owns 6,302 shares of the company's stock worth $172,000 after purchasing an additional 1,555 shares during the period. Finally, Privium Fund Management UK Ltd purchased a new position in CPI Card Group during the 2nd quarter worth approximately $257,000. Institutional investors and hedge funds own 22.08% of the company's stock.

Insider Activity

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