Analysts forecast that CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) will report sales of $59.34 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for CPI Card Group’s earnings. The lowest sales estimate is $56.04 million and the highest is $60.99 million. CPI Card Group reported sales of $67.38 million in the same quarter last year, which indicates a negative year over year growth rate of 11.9%. The company is expected to issue its next quarterly earnings report on Wednesday, March 7th.
According to Zacks, analysts expect that CPI Card Group will report full-year sales of $59.34 million for the current fiscal year, with estimates ranging from $245.94 million to $250.89 million. For the next fiscal year, analysts anticipate that the firm will post sales of $269.44 million per share, with estimates ranging from $243.37 million to $313.11 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for CPI Card Group.
CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last issued its earnings results on Tuesday, November 7th. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.05). The business had revenue of $68.00 million for the quarter, compared to the consensus estimate of $74.73 million. CPI Card Group had a negative net margin of 4.44% and a negative return on equity of 1.51%. The firm’s revenue for the quarter was down 16.3% compared to the same quarter last year. During the same period last year, the business posted $0.55 EPS.
Large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. bought a new stake in CPI Card Group in the 2nd quarter worth approximately $109,000. Teachers Advisors LLC increased its stake in 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. QS Investors LLC increased its stake in 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. Dimensional Fund Advisors LP increased its stake in 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. Finally, MUFG Americas Holdings Corp bought a new stake in CPI Card Group in the 3rd quarter worth approximately $118,000. 11.47% of the stock is currently owned by institutional investors and hedge funds.
Shares of CPI Card Group (NASDAQ PMTS) traded down $0.01 on Thursday, reaching $4.11. The company had a trading volume of 100,100 shares, compared to its average volume of 238,850. The company has a market cap of $43.43 and a P/E ratio of -3.99. CPI Card Group has a 52 week low of $2.90 and a 52 week high of $25.50. The company has a debt-to-equity ratio of -2.87, a current ratio of 2.68 and a quick ratio of 2.09.
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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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