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CPI Card Group (NASDAQ:PMTS) Posts Earnings Results, Misses Estimates By $0.53 EPS

CPI Card Group logo with Business Services background

Key Points

  • CPI Card Group reported earnings of $0.04 per share, significantly missing the consensus estimate of $0.57 by $0.53 EPS.
  • Following the earnings report, shares of CPI Card Group dropped by 26.5%, reaching $13.69 during midday trading.
  • Despite poor earnings, CPI Card Group has a current average rating of "Buy" from analysts and an average price target of $36.75.
  • Need Better Tools to Track CPI Card Group? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

CPI Card Group (NASDAQ:PMTS - Get Free Report) released its earnings results on Friday. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.53), Zacks reports. CPI Card Group had a negative return on equity of 66.46% and a net margin of 3.83%.

CPI Card Group Trading Down 26.5%

Shares of NASDAQ:PMTS traded down $4.94 during midday trading on Friday, reaching $13.69. 421,826 shares of the company were exchanged, compared to its average volume of 44,341. The stock has a market cap of $154.38 million, a PE ratio of 8.61 and a beta of 1.31. The business's fifty day moving average is $22.00 and its two-hundred day moving average is $25.22. CPI Card Group has a one year low of $12.52 and a one year high of $35.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in shares of CPI Card Group by 12.6% in 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 last quarter. Acadian Asset Management LLC purchased a new position in CPI Card Group during the 1st quarter valued at approximately $248,000. Finally, Jane Street Group LLC purchased a new position in CPI Card Group during the 1st quarter valued at approximately $223,000. Institutional investors own 22.08% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of CPI Card Group from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Lake Street Capital cut their price target on CPI Card Group from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, CPI Card Group presently has an average rating of "Buy" and an average target price of $36.75.

View Our Latest Report on PMTS

CPI Card Group Company Profile

(Get Free Report)

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.

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Earnings History for CPI Card Group (NASDAQ:PMTS)

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