Q4 EPS Estimates for CPI Card Group Lowered by Roth Capital

CPI Card Group Inc. (NASDAQ:PMTS) – Stock analysts at Roth Capital lowered their Q4 2024 earnings per share (EPS) estimates for CPI Card Group in a research note issued to investors on Wednesday, November 6th. Roth Capital analyst C. Irwin now anticipates that the company will post earnings per share of $0.70 for the quarter, down from their prior estimate of $0.80. The consensus estimate for CPI Card Group’s current full-year earnings is $2.06 per share. Roth Capital also issued estimates for CPI Card Group’s Q1 2025 earnings at $0.53 EPS, Q2 2025 earnings at $0.74 EPS, Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $1.00 EPS and FY2025 earnings at $3.14 EPS.

Separately, Lake Street Capital boosted their target price on CPI Card Group from $22.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th.

CPI Card Group Price Performance

Shares of PMTS opened at $26.79 on Thursday. The firm has a market cap of $298.98 million, a PE ratio of 17.51 and a beta of 1.21. The stock’s fifty day moving average price is $25.09 and its two-hundred day moving average price is $25.53. CPI Card Group has a 1 year low of $12.65 and a 1 year high of $31.00.

CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The business had revenue of $118.82 million for the quarter, compared to the consensus estimate of $111.85 million. CPI Card Group had a negative return on equity of 35.79% and a net margin of 4.11%. During the same quarter last year, the business posted $0.55 earnings per share.

Insider Activity at CPI Card Group

In related news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $21.00, for a total transaction of $28,980,000.00. Following the sale, the insider now directly owns 4,813,977 shares in the company, valued at approximately $101,093,517. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $21.00, for a total transaction of $28,980,000.00. Following the completion of the transaction, the insider now directly owns 4,813,977 shares in the company, valued at $101,093,517. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sonya Vollmer sold 3,660 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $25.10, for a total value of $91,866.00. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CPI Card Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in CPI Card Group by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 340,945 shares of the company’s stock valued at $6,089,000 after purchasing an additional 10,265 shares during the last quarter. Vector Capital Management L.P. raised its position in shares of CPI Card Group by 77.7% in the 2nd quarter. Vector Capital Management L.P. now owns 248,737 shares of the company’s stock worth $6,778,000 after acquiring an additional 108,756 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of CPI Card Group by 7.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 44,773 shares of the company’s stock worth $1,220,000 after buying an additional 3,158 shares during the last quarter. Marshall Wace LLP grew its stake in shares of CPI Card Group by 139.0% in the 2nd quarter. Marshall Wace LLP now owns 39,273 shares of the company’s stock worth $1,070,000 after buying an additional 22,841 shares during the last quarter. Finally, Pembroke Management LTD grew its stake in shares of CPI Card Group by 48.7% in the 3rd quarter. Pembroke Management LTD now owns 26,627 shares of the company’s stock worth $741,000 after buying an additional 8,720 shares during the last quarter. Institutional investors own 22.08% of the company’s stock.

CPI Card Group Company Profile

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.