CPI Card Group (PMTS) Posts Quarterly Earnings Results, Beats Expectations By $0.16 EPS

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) posted its quarterly earnings data on Monday. The credit services provider reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.16, Bloomberg Earnings reports. CPI Card Group had a negative net margin of 4.44% and a negative return on equity of 1.51%.

CPI Card Group (PMTS) traded up $0.06 during trading on Monday, hitting $3.14. 63,798 shares of the stock traded hands, compared to its average volume of 68,294. The company has a debt-to-equity ratio of -2.87, a quick ratio of 2.09 and a current ratio of 2.68. The stock has a market cap of $34.29, a PE ratio of -3.08 and a beta of -0.07. CPI Card Group has a 12-month low of $2.45 and a 12-month high of $22.75.

PMTS has been the topic of several research reports. Zacks Investment Research upgraded shares of CPI Card Group from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. Robert W. Baird restated a “hold” rating and set a $5.00 price objective on shares of CPI Card Group in a research report on Thursday, December 21st. Finally, ValuEngine upgraded shares of CPI Card Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. CPI Card Group has an average rating of “Hold” and a consensus price target of $5.75.

A hedge fund recently raised its stake in CPI Card Group stock. State Street Corp increased its holdings in CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) by 37.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 372,496 shares of the credit services provider’s stock after purchasing an additional 100,594 shares during the quarter. State Street Corp owned 0.67% of CPI Card Group worth $1,062,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 13.39% of the company’s stock.

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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.

Earnings History for CPI Card Group (NASDAQ:PMTS)

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