CoreCard (NYSE:CCRD - Get Free Report) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.070-0.090 for the period, compared to the consensus estimate of 0.170. The company issued revenue guidance of $13.3 million-$13.7 million, compared to the consensus revenue estimate of $13.0 million. CoreCard also updated its FY 2025 guidance to 0.880-0.940 EPS.
Wall Street Analyst Weigh In
Separately, B. Riley downgraded shares of CoreCard from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $19.00 to $15.00 in a research note on Thursday, October 3rd.
Check Out Our Latest Analysis on CCRD
CoreCard Stock Up 7.4 %
Shares of CCRD stock traded up $1.04 during trading hours on Thursday, hitting $15.02. 64,828 shares of the company's stock traded hands, compared to its average volume of 39,192. The company has a quick ratio of 5.08, a current ratio of 5.08 and a debt-to-equity ratio of 0.04. The stock's fifty day simple moving average is $14.01 and its two-hundred day simple moving average is $13.42. CoreCard has a 12-month low of $10.02 and a 12-month high of $21.75. The stock has a market cap of $120.52 million, a price-to-earnings ratio of 79.05 and a beta of 0.41.
CoreCard (NYSE:CCRD - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.04. The firm had revenue of $13.80 million for the quarter, compared to the consensus estimate of $12.13 million. CoreCard had a net margin of 3.03% and a return on equity of 4.87%. During the same quarter last year, the firm posted $0.22 EPS. On average, analysts expect that CoreCard will post 0.48 EPS for the current year.
About CoreCard
(
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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.
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