What is B. Riley’s Forecast for CPI Card Group Q3 Earnings?

CPI Card Group Inc. (NASDAQ:PMTS) – Stock analysts at B. Riley reduced their Q3 2024 earnings per share estimates for CPI Card Group in a report issued on Monday, October 28th. B. Riley analyst H. Goetsch now expects that the company will earn $0.34 per share for the quarter, down from their previous estimate of $0.48. The consensus estimate for CPI Card Group’s current full-year earnings is $2.12 per share. B. Riley also issued estimates for CPI Card Group’s FY2024 earnings at $1.69 EPS and FY2025 earnings at $2.32 EPS.

Separately, Lake Street Capital boosted their price objective 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

NASDAQ:PMTS opened at $22.64 on Wednesday. CPI Card Group has a 1 year low of $12.65 and a 1 year high of $31.00. The stock’s fifty day moving average price is $25.60 and its two-hundred day moving average price is $25.36. The company has a market cap of $252.66 million, a P/E ratio of 14.80 and a beta of 1.15.

CPI Card Group (NASDAQ:PMTS) last announced 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). CPI Card Group had a net margin of 4.11% and a negative return on equity of 35.79%. The business had revenue of $118.82 million for the quarter, compared to analysts’ expectations of $111.85 million. During the same quarter in the previous year, the company posted $0.55 earnings per share.

Institutional Trading of CPI Card Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers increased its stake in CPI Card Group by 32.8% in the second quarter. Rhumbline Advisers now owns 6,302 shares of the company’s stock valued at $172,000 after acquiring an additional 1,555 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of CPI Card Group in the 3rd quarter worth about $205,000. Privium Fund Management UK Ltd purchased a new position in shares of CPI Card Group during the 2nd quarter valued at about $257,000. Ritholtz Wealth Management purchased a new stake in CPI Card Group in the third quarter worth approximately $449,000. Finally, Denali Advisors LLC raised its stake in shares of CPI Card Group by 19.0% during the first quarter. Denali Advisors LLC now owns 16,300 shares of the company’s stock worth $291,000 after acquiring an additional 2,600 shares in the last quarter. Hedge funds and other institutional investors own 22.08% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of CPI Card Group 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 sale, the insider now owns 4,813,977 shares in the company, valued at approximately $101,093,517. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Marc Sheinbaum acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $25.26 per share, for a total transaction of $50,520.00. Following the completion of the transaction, the director now owns 10,390 shares of the company’s stock, valued at $262,451.40. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.20% 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.