CPI Card Group (NASDAQ:PMTS) Posts Quarterly Earnings Results, Misses Estimates By $0.16 EPS

CPI Card Group (NASDAQ:PMTS) posted its earnings results on Tuesday. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.16), Zacks reports. The firm had revenue of $137.97 million for the quarter, compared to analysts’ expectations of $140.62 million. CPI Card Group had a net margin of 2.66% and a negative return on equity of 58.00%.

CPI Card Group Stock Performance

Shares of PMTS stock traded up $0.02 on Thursday, hitting $14.22. 79,412 shares of the stock traded hands, compared to its average volume of 49,163. The firm’s 50-day moving average price is $15.44 and its two-hundred day moving average price is $19.33. The stock has a market capitalization of $161.21 million, a PE ratio of 12.70 and a beta of 1.49. CPI Card Group has a twelve month low of $12.52 and a twelve month high of $35.19.

Insider Transactions at CPI Card Group

In related news, Chairman H Sanford Riley acquired 10,000 shares of CPI Card Group stock in a transaction that occurred on Tuesday, August 12th. The shares were purchased at an average cost of $15.75 per share, for a total transaction of $157,500.00. Following the acquisition, the chairman owned 31,033 shares in the company, valued at approximately $488,769.75. This represents a 47.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.80% of the company’s stock.

Institutional Trading of CPI Card Group

A number of institutional investors and hedge funds have recently bought and sold shares of PMTS. Wasatch Advisors LP increased its stake in CPI Card Group by 56.3% during the second quarter. Wasatch Advisors LP now owns 357,754 shares of the company’s stock worth $8,486,000 after purchasing an additional 128,808 shares during the period. Geode Capital Management LLC increased its stake in CPI Card Group by 12.6% during the second quarter. Geode Capital Management LLC now owns 125,500 shares of the company’s stock worth $2,977,000 after purchasing an additional 14,039 shares during the period. Marshall Wace LLP increased its stake in CPI Card Group by 11.9% during the second quarter. Marshall Wace LLP now owns 102,834 shares of the company’s stock worth $2,439,000 after purchasing an additional 10,930 shares during the period. State of Tennessee Department of Treasury purchased a new stake in CPI Card Group during the second quarter worth about $255,000. Finally, Qube Research & Technologies Ltd increased its stake in CPI Card Group by 38.5% during the second quarter. Qube Research & Technologies Ltd now owns 35,154 shares of the company’s stock worth $834,000 after purchasing an additional 9,777 shares during the period. 22.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PMTS has been the subject of several recent research reports. DA Davidson cut their target price on shares of CPI Card Group from $32.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday. Wall Street Zen lowered shares of CPI Card Group from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Weiss Ratings lowered shares of CPI Card Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Zacks Research raised shares of CPI Card Group to a “hold” rating in a report on Monday, August 11th. Finally, Roth Capital set a $30.00 price target on shares of CPI Card Group in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.80.

About CPI Card Group

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.