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

CPI Card Group Inc. (NASDAQ:PMTS) – Stock analysts at B. Riley dropped their Q3 2024 earnings estimates for shares of CPI Card Group in a research note issued on Monday, October 28th. B. Riley analyst H. Goetsch now expects that the company will post earnings of $0.34 per share for the quarter, down from their prior forecast 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.

CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.05). The company had revenue of $118.82 million during 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 company posted $0.55 earnings per share.

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

CPI Card Group Trading Down 5.9 %

NASDAQ PMTS opened at $21.50 on Wednesday. The stock has a 50-day moving average of $25.41 and a 200-day moving average of $25.31. The firm has a market cap of $239.90 million, a PE ratio of 14.05 and a beta of 1.15. CPI Card Group has a 1-year low of $12.65 and a 1-year high of $31.00.

Institutional Investors Weigh In On CPI Card Group

Several large investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its stake in shares of 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 period. Allspring Global Investments Holdings LLC bought a new position in shares of CPI Card Group in the third quarter worth about $205,000. Privium Fund Management UK Ltd purchased a new position in CPI Card Group in the 2nd quarter worth about $257,000. Ritholtz Wealth Management bought a new stake in shares of CPI Card Group during the third quarter valued at approximately $449,000. Finally, Denali Advisors LLC raised its position in CPI Card Group by 19.0% during the 1st quarter. Denali Advisors LLC now owns 16,300 shares of the company’s stock valued at $291,000 after purchasing an additional 2,600 shares in the last quarter. 22.08% of the stock is owned by institutional investors.

Insider Activity at CPI Card Group

In other CPI Card Group news, Director Marc Sheinbaum bought 2,000 shares of CPI Card Group stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $25.26 per share, with a total value of $50,520.00. Following the acquisition, the director now owns 10,390 shares in the company, valued at approximately $262,451.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Marc Sheinbaum acquired 2,000 shares of CPI Card Group stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $25.26 per share, for a total transaction of $50,520.00. Following the purchase, the director now directly owns 10,390 shares of the company’s stock, valued at approximately $262,451.40. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 sale, the insider now 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 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.