CoreCard (CCRD) Set to Announce Earnings on Thursday

CoreCard (NYSE:CCRD) is set to release its earnings data before the market opens on Thursday, October 31st. Analysts expect CoreCard to post earnings of $0.16 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

CoreCard (NYSE:CCRD) last released its earnings results on Thursday, August 1st. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. CoreCard had a net margin of 3.03% and a return on equity of 4.87%. The business had revenue of $13.80 million for the quarter, compared to analysts’ expectations of $12.13 million. During the same period last year, the company earned $0.22 earnings per share.

CoreCard Price Performance

CCRD opened at $13.68 on Wednesday. The stock has a market capitalization of $111.64 million, a PE ratio of 45.60 and a beta of 0.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.08. CoreCard has a 1 year low of $10.02 and a 1 year high of $21.75. The company’s 50 day simple moving average is $13.97 and its 200 day simple moving average is $13.41.

Analyst Upgrades and Downgrades

Separately, B. Riley lowered shares of CoreCard from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $19.00 to $15.00 in a research note on Thursday, October 3rd.

CoreCard Company Profile

CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financial technology and services market in the United States, Europe, and the Middle East. It designs, develops, and markets a suite of software solutions to program managers, accounts receivable businesses, financial institutions, retailers, and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and accounts receivable and loan transactions.