Q4 EPS Estimates for CPI Card Group Lowered by Roth Capital

CPI Card Group Inc. (NASDAQ:PMTS) – Roth Capital decreased their Q4 2024 earnings per share estimates for CPI Card Group in a report released on Wednesday, November 6th. Roth Capital analyst C. Irwin now forecasts that the company will post earnings per share of $0.70 for the quarter, down from their previous 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.

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

Separately, Lake Street Capital raised their price objective on CPI Card Group from $22.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th.

CPI Card Group Price Performance

Shares of PMTS opened at $26.79 on Thursday. CPI Card Group has a 1 year low of $12.65 and a 1 year high of $31.00. The company has a market capitalization of $298.98 million, a price-to-earnings ratio of 17.51 and a beta of 1.21. The business has a 50-day moving average of $25.09 and a 200-day moving average of $25.53.

Institutional Investors Weigh In On CPI Card Group

A number of hedge funds have recently added to or reduced their stakes in PMTS. Vanguard Group Inc. boosted its position in shares of CPI Card Group by 3.1% during the first quarter. Vanguard Group Inc. now owns 340,945 shares of the company’s stock valued at $6,089,000 after buying an additional 10,265 shares during the last quarter. Vector Capital Management L.P. boosted its position in shares of CPI Card Group by 77.7% during the second quarter. Vector Capital Management L.P. now owns 248,737 shares of the company’s stock valued at $6,778,000 after buying an additional 108,756 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of CPI Card Group by 31.8% during the second quarter. Dimensional Fund Advisors LP now owns 23,979 shares of the company’s stock valued at $653,000 after buying an additional 5,783 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of CPI Card Group during the third quarter valued at approximately $205,000. Finally, Rhumbline Advisers boosted its position in shares of CPI Card Group by 32.8% during the second quarter. Rhumbline Advisers now owns 6,302 shares of the company’s stock valued at $172,000 after buying an additional 1,555 shares during the last quarter. Institutional investors and hedge funds own 22.08% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 4,813,977 shares of the company’s stock, valued at $101,093,517. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other CPI Card Group news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $21.00, for a total value of $28,980,000.00. Following the completion of the sale, the insider now owns 4,813,977 shares of the company’s stock, valued at approximately $101,093,517. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sonya Vollmer sold 3,660 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were 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 insiders.

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.