Shares of CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) have earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $6.25.
A number of analysts have commented on PMTS shares. Barrington Research upgraded shares of CPI Card Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 2nd. Raymond James Financial, Inc. cut shares of CPI Card Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 4th. Citigroup Inc cut shares of CPI Card Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 4th. Finally, Zacks Investment Research upgraded shares of CPI Card Group from a “sell” rating to a “hold” rating in a research note on Friday, March 3rd.
CPI Card Group (NASDAQ:PMTS) opened at 2.25 on Monday. The firm’s market cap is $125.08 million. CPI Card Group has a 52-week low of $2.10 and a 52-week high of $6.41. The firm’s 50-day moving average price is $3.38 and its 200 day moving average price is $4.09.
CPI Card Group (NASDAQ:PMTS) last announced its earnings results on Wednesday, May 3rd. The credit services provider reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. CPI Card Group had a negative return on equity of 20.43% and a net margin of 2.13%. The business had revenue of $56.01 million for the quarter, compared to analyst estimates of $58.14 million. On average, equities analysts anticipate that CPI Card Group will post $0.29 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 7th. Stockholders of record on Friday, June 16th will be paid a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 7.50%. The ex-dividend date of this dividend is Wednesday, June 14th. CPI Card Group’s dividend payout ratio is presently 150.01%.
Several hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake 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 in the last quarter. Trust Co. of Virginia VA bought a new stake in CPI Card Group during the first quarter worth about $134,000. Highbridge Capital Management LLC bought a new stake in CPI Card Group during the fourth quarter worth about $143,000. Teachers Advisors LLC raised its position in 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. Finally, Oxford Asset Management acquired a new position in CPI Card Group during the fourth quarter worth approximately $184,000. Institutional investors own 22.22% 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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