CoreCard (CCRD) to Release 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 announced its earnings results on Thursday, August 1st. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. CoreCard had a return on equity of 4.87% and a net margin of 3.03%. The firm had revenue of $13.80 million for the quarter, compared to analyst estimates of $12.13 million. During the same quarter last year, the firm posted $0.22 EPS.

CoreCard Trading Down 1.3 %

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

Wall Street Analyst Weigh In

Separately, B. Riley lowered CoreCard from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $19.00 to $15.00 in a 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.