Zacks: Brokerages Expect CPI Card Group Inc. (PMTS) to Post $0.19 EPS
Wall Street brokerages forecast that CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) will report $0.19 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for CPI Card Group’s earnings. The lowest EPS estimate is $0.11 and the highest is $0.28. CPI Card Group reported earnings per share of $0.10 in the same quarter last year, which suggests a positive year over year growth rate of 90%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that CPI Card Group will report full-year earnings of $0.25 per share for the current fiscal year, with EPS estimates ranging from $0.04 to $0.32. For the next financial year, analysts expect that the firm will report earnings of $0.38 per share, with EPS estimates ranging from $0.32 to $0.43. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for CPI Card Group.
CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last announced its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.01. The company had revenue of $65.85 million for the quarter, compared to analyst estimates of $69.16 million. CPI Card Group had a negative return on equity of 1.55% and a negative net margin of 2.46%. The business’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same period last year, the business earned $0.05 EPS.
PMTS has been the subject of a number of recent analyst reports. ValuEngine downgraded CPI Card Group from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Raymond James Financial, Inc. downgraded CPI Card Group from an “outperform” rating to a “market perform” rating in a report on Thursday, May 4th. Zacks Investment Research downgraded CPI Card Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Citigroup Inc. downgraded CPI Card Group from an “outperform” rating to a “market perform” rating in a report on Thursday, May 4th. Finally, Barrington Research downgraded CPI Card Group from a “market perform” rating to an “underperform” rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $4.90.
Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its position in shares of CPI Card Group by 73.4% in the fourth quarter. Renaissance Technologies LLC now owns 266,368 shares of the credit services provider’s stock worth $1,105,000 after buying an additional 112,768 shares in the last quarter. Granite Investment Partners LLC acquired a new position in shares of CPI Card Group during the first quarter worth approximately $1,552,000. Teachers Advisors LLC increased its position in shares of CPI Card Group by 28.5% in the fourth quarter. Teachers Advisors LLC now owns 43,218 shares of the credit services provider’s stock worth $179,000 after buying an additional 9,581 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in shares of CPI Card Group during the fourth quarter worth approximately $143,000. Finally, Wells Fargo & Company MN increased its position in shares of CPI Card Group by 509.0% in the first quarter. Wells Fargo & Company MN now owns 30,680 shares of the credit services provider’s stock worth $129,000 after buying an additional 25,642 shares in the last quarter. Institutional investors own 22.16% of the company’s stock.
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Shares of CPI Card Group (NASDAQ PMTS) traded down 7.41% during mid-day trading on Monday, hitting $1.25. 817,863 shares of the stock traded hands. CPI Card Group has a 52 week low of $1.25 and a 52 week high of $6.41. The firm’s 50-day moving average is $2.77 and its 200-day moving average is $3.53. The stock’s market cap is $69.52 million.
About CPI Card Group
CPI Card Group Inc, formerly CPI Holdings I, Inc, provides Financial Payment Card solutions in North America. The Company is engaged in the design, production, data personalization, packaging and fulfillment of Financial Payment Cards, which it defines as credit cards, debit cards and prepaid debit cards issued on the networks of the Payment Card Brands in the United States, Europe and Canada.
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