CoreCard (NYSE:CCRD) Announces Quarterly Earnings Results

CoreCard (NYSE:CCRD - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.17, Zacks reports. CoreCard had a return on equity of 10.52% and a net margin of 9.49%. The company had revenue of $14.82 million during the quarter, compared to analysts' expectations of $13.40 million. CoreCard updated its FY 2025 guidance to 0.880-0.940 EPS and its Q1 2025 guidance to 0.150-0.190 EPS.

CoreCard Price Performance

Shares of CCRD traded down $1.48 during mid-day trading on Monday, reaching $20.05. 31,987 shares of the stock traded hands, compared to its average volume of 29,802. The company has a market cap of $158.36 million, a price-to-earnings ratio of 29.92 and a beta of 0.50. CoreCard has a 1 year low of $10.02 and a 1 year high of $24.97. The firm has a fifty day moving average price of $22.64 and a 200 day moving average price of $18.20. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.04.

Analyst Upgrades and Downgrades

Separately, B. Riley reaffirmed a "neutral" rating and set a $21.00 target price (up previously from $16.00) on shares of CoreCard in a report on Friday.

About CoreCard

CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financial technology and services market in the United States, Europe, and the Middle East. It designs, develops, and markets a suite of software solutions to program managers, accounts receivable businesses, financial institutions, retailers, and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and accounts receivable and loan transactions.