FY2024 EPS Estimates for CPI Card Group Cut by Roth Capital

CPI Card Group Inc. (NASDAQ:PMTS - Free Report) - Equities researchers at Roth Capital decreased their FY2024 earnings per share (EPS) estimates for CPI Card Group in a research note issued to investors on Wednesday, November 6th. Roth Capital analyst C. Irwin now forecasts that the company will earn $1.78 per share for the year, down from their previous forecast of $2.43. The consensus estimate for CPI Card Group's current full-year earnings is $2.43 per share.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last posted 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). 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 3.38% and a negative return on equity of 46.90%. During the same period last year, the company earned $0.55 EPS.

Separately, Lake Street Capital raised their price objective on 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 Stock Performance

Shares of PMTS stock traded up $0.55 during mid-day trading on Friday, hitting $27.91. 28,983 shares of the stock were exchanged, compared to its average volume of 28,548. The stock's fifty day simple moving average is $25.04 and its two-hundred day simple moving average is $25.55. The stock has a market capitalization of $311.48 million, a price-to-earnings ratio of 21.18 and a beta of 1.21. CPI Card Group has a 12-month low of $12.65 and a 12-month high of $31.00.

Institutional Investors Weigh In On CPI Card Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of CPI Card Group by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 340,945 shares of the company's stock valued at $6,089,000 after acquiring an additional 10,265 shares during the period. Vector Capital Management L.P. lifted its position in shares of CPI Card Group by 77.7% during the 2nd quarter. Vector Capital Management L.P. now owns 248,737 shares of the company's stock valued at $6,778,000 after acquiring an additional 108,756 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of CPI Card Group by 31.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 23,979 shares of the company's stock valued at $653,000 after acquiring an additional 5,783 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of CPI Card Group during the 3rd quarter valued at approximately $205,000. Finally, Rhumbline Advisers lifted its position in shares of CPI Card Group by 32.8% during the 2nd 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 period. 22.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the firm's stock in a transaction dated 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 transaction, the insider now 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 transaction was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the firm'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 owns 4,813,977 shares in the company, valued at $101,093,517. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.

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.