Wall Street analysts forecast that CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) will announce $75.45 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for CPI Card Group’s earnings, with the lowest sales estimate coming in at $68.84 million and the highest estimate coming in at $80.31 million. CPI Card Group posted sales of $81.20 million in the same quarter last year, which suggests a negative year over year growth rate of 7.1%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 8th.

On average, analysts expect that CPI Card Group will report full-year sales of $75.45 million for the current financial year, with estimates ranging from $260.10 million to $267.16 million. For the next fiscal year, analysts forecast that the firm will post sales of $300.91 million per share, with estimates ranging from $279.32 million to $352.09 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow CPI Card Group.

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last released its earnings results on Wednesday, August 2nd. The credit services provider reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). CPI Card Group had a negative return on equity of 1.51% and a negative net margin of 2.46%. The company had revenue of $65.85 million during the quarter, compared to analyst estimates of $69.16 million. During the same period in the prior year, the business posted $0.05 earnings per share. CPI Card Group’s revenue was down 10.7% on a year-over-year basis.

A number of brokerages have recently weighed in on PMTS. ValuEngine downgraded CPI Card Group from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Barrington Research downgraded CPI Card Group from a “market perform” rating to an “underperform” rating in a report on Wednesday, August 9th. BMO Capital Markets dropped their target price on CPI Card Group from $4.50 to $2.20 and set a “market perform” rating on the stock in a report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded CPI Card Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Four equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $2.85.

Shares of CPI Card Group (PMTS) opened at 1.04 on Friday. CPI Card Group has a 52-week low of $0.86 and a 52-week high of $6.41. The firm’s market capitalization is $58.12 million. The company has a 50 day moving average of $1.32 and a 200 day moving average of $2.77.

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In other news, CTO Jay Arbabha acquired 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were purchased at an average price of $1.05 per share, for a total transaction of $31,500.00. Following the completion of the acquisition, the chief technology officer now owns 10,200 shares of the company’s stock, valued at approximately $10,710. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lisa Jacoba acquired 43,475 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was purchased at an average price of $1.10 per share, for a total transaction of $47,822.50. Following the acquisition, the insider now directly owns 86,423 shares of the company’s stock, valued at approximately $95,065.30. The disclosure for this purchase can be found here. Insiders bought a total of 112,046 shares of company stock worth $129,750 in the last quarter. 4.60% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC increased its holdings in CPI Card Group by 21.3% in the second quarter. Teachers Advisors LLC now owns 43,683 shares of the credit services provider’s stock worth $124,000 after buying an additional 7,658 shares during the last quarter. QS Investors LLC increased its holdings in CPI Card Group by 40.2% in the second quarter. QS Investors LLC now owns 53,178 shares of the credit services provider’s stock worth $152,000 after buying an additional 15,260 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in CPI Card Group by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 601,304 shares of the credit services provider’s stock worth $2,526,000 after buying an additional 18,633 shares during the last quarter. Wells Fargo & Company MN increased its holdings in 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 during the last quarter. Finally, CIBC World Markets Inc. increased its holdings in CPI Card Group by 28.9% in the second quarter. CIBC World Markets Inc. now owns 135,875 shares of the credit services provider’s stock worth $387,000 after buying an additional 30,450 shares during the last quarter. Hedge funds and other institutional investors own 19.83% of the company’s stock.

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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