CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) – Analysts at William Blair issued their FY2019 earnings per share estimates for shares of CPI Card Group in a research report issued to clients and investors on Tuesday, March 13th, Zacks Investment Research reports. William Blair analyst R. Napoli forecasts that the credit services provider will post earnings per share of ($0.85) for the year.
CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last posted its quarterly earnings data on Monday, March 12th. The credit services provider reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.15. The business had revenue of $64.96 million for the quarter, compared to analysts’ expectations of $60.44 million.
PMTS has been the subject of several other research reports. Robert W. Baird reiterated a “hold” rating and issued a $5.00 target price on shares of CPI Card Group in a research report on Thursday, December 21st. Zacks Investment Research upgraded CPI Card Group from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. Finally, ValuEngine upgraded CPI Card Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.75.
PMTS stock traded down $0.13 during midday trading on Thursday, hitting $2.55. 32,631 shares of the company’s stock were exchanged, compared to its average volume of 59,211. The company has a market capitalization of $30.73, a PE ratio of -8.23 and a beta of -0.56. The company has a quick ratio of 2.12, a current ratio of 2.59 and a debt-to-equity ratio of -2.54. CPI Card Group has a 12-month low of $2.45 and a 12-month high of $21.00.
A number of large investors have recently added to or reduced their stakes in PMTS. Teachers Advisors LLC boosted its position in CPI Card Group by 21.3% during the 2nd quarter. Teachers Advisors LLC now owns 43,683 shares of the credit services provider’s stock valued at $124,000 after purchasing an additional 7,658 shares during the period. Dimensional Fund Advisors LP boosted its position in CPI Card Group by 181.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 61,110 shares of the credit services provider’s stock valued at $174,000 after purchasing an additional 39,359 shares during the period. State Street Corp boosted its position in CPI Card Group by 37.0% during the 2nd quarter. State Street Corp now owns 372,496 shares of the credit services provider’s stock valued at $1,062,000 after purchasing an additional 100,594 shares during the period. Thompson Investment Management Inc. boosted its position in CPI Card Group by 90.8% during the 3rd quarter. Thompson Investment Management Inc. now owns 574,028 shares of the credit services provider’s stock valued at $677,000 after purchasing an additional 273,165 shares during the period. Finally, Commonwealth Equity Services Inc boosted its position in CPI Card Group by 108.4% during the 3rd quarter. Commonwealth Equity Services Inc now owns 203,869 shares of the credit services provider’s stock valued at $240,000 after purchasing an additional 106,064 shares during the period. Institutional investors and hedge funds own 11.55% of the company’s stock.
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About CPI Card Group
CPI Card Group Inc, formerly CPI Holdings I, Inc, provides Financial Payment Card solutions in North America. The Company is engaged in the design, production, data personalization, packaging and fulfillment of Financial Payment Cards, which it defines as credit cards, debit cards and prepaid debit cards issued on the networks of the Payment Card Brands in the United States, Europe and Canada.
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