CoreCard (NYSE:CCRD) Updates FY 2025 Earnings Guidance

CoreCard (NYSE:CCRD) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.880-0.940 for the period, compared to the consensus earnings per share estimate of 0.620. The company issued revenue guidance of $60.0 million-$64.0 million, compared to the consensus revenue estimate of $57.0 million. CoreCard also updated its Q4 2024 guidance to 0.070-0.090 EPS.

CoreCard Stock Performance

Shares of CCRD traded up $0.57 during trading hours on Friday, hitting $15.59. The company’s stock had a trading volume of 45,570 shares, compared to its average volume of 20,898. The business has a 50 day simple moving average of $14.05 and a two-hundred day simple moving average of $13.46. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.08 and a quick ratio of 5.08. CoreCard has a 52-week low of $10.02 and a 52-week high of $17.64. The company has a market cap of $125.09 million, a price-to-earnings ratio of 31.82 and a beta of 0.39.

CoreCard (NYSE:CCRD) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. CoreCard had a net margin of 7.32% and a return on equity of 7.67%. The company had revenue of $13.80 million during the quarter, compared to analyst estimates of $12.13 million. During the same period last year, the business earned $0.22 earnings per share. On average, equities analysts expect that CoreCard will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, B. Riley lowered shares of CoreCard from a “buy” rating to a “neutral” rating and dropped their target price for the company from $19.00 to $15.00 in a research report 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.