Equities research analysts predict that CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) will announce $75.45 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for CPI Card Group’s earnings. The highest sales estimate is $80.31 million and the lowest is $68.84 million. CPI Card Group reported sales of $81.20 million during the same quarter last year, which would suggest a negative year over year growth rate of 7.1%. The firm is scheduled to report its next earnings results after the market closes on Wednesday, November 8th.

On average, analysts expect that CPI Card Group will report full year sales of $75.45 million for the current fiscal year, with estimates ranging from $260.10 million to $267.16 million. For the next year, analysts anticipate that the firm will post sales of $300.91 million per share, with estimates ranging from $279.32 million to $352.09 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow 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) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The firm had revenue of $65.85 million during the quarter, compared to the consensus estimate of $69.16 million. CPI Card Group had a negative return on equity of 1.51% and a negative net margin of 2.46%. The firm’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.05 EPS.

Several equities analysts have weighed in on the stock. ValuEngine lowered shares of CPI Card Group from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Barrington Research lowered shares of CPI Card Group from a “market perform” rating to an “underperform” rating in a report on Wednesday, August 9th. BMO Capital Markets decreased their target price on shares of 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 lowered shares of CPI Card Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. CPI Card Group presently has an average rating of “Hold” and an average target price of $2.85.

In related news, VP Jason Bohrer acquired 28,571 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were purchased at an average cost of $1.38 per share, for a total transaction of $39,427.98. Following the acquisition, the vice president now owns 28,571 shares in the company, valued at approximately $39,427.98. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Jay Arbabha acquired 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was bought 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 in the company, valued at approximately $10,710. The disclosure for this purchase can be found here. Insiders acquired a total of 112,046 shares of company stock worth $129,750 over the last quarter. 4.60% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. American Century Companies Inc. acquired a new position in shares of CPI Card Group in the 2nd quarter worth approximately $109,000. Teachers Advisors LLC lifted its holdings in shares of CPI Card Group by 21.3% in the 2nd quarter. Teachers Advisors LLC now owns 43,683 shares of the credit services provider’s stock worth $124,000 after acquiring an additional 7,658 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of CPI Card Group by 509.0% in the 1st quarter. Wells Fargo & Company MN now owns 30,680 shares of the credit services provider’s stock worth $129,000 after acquiring an additional 25,642 shares during the last quarter. QS Investors LLC lifted its holdings in shares of CPI Card Group by 40.2% in the 2nd quarter. QS Investors LLC now owns 53,178 shares of the credit services provider’s stock worth $152,000 after acquiring an additional 15,260 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of CPI Card Group by 181.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 61,110 shares of the credit services provider’s stock worth $174,000 after acquiring an additional 39,359 shares during the last quarter. Hedge funds and other institutional investors own 19.83% of the company’s stock.

Shares of CPI Card Group (NASDAQ:PMTS) opened at 1.19 on Friday. CPI Card Group has a 52 week low of $0.86 and a 52 week high of $5.80. The company’s market cap is $66.18 million. The firm has a 50-day moving average of $1.11 and a 200 day moving average of $2.17.

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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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