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

CPI Card Group Inc. (NASDAQ:PMTS) – Equities researchers at B. Riley reduced their Q3 2024 EPS estimates for CPI Card Group in a research report issued on Monday, October 28th. B. Riley analyst H. Goetsch now forecasts that the company will earn $0.34 per share for the quarter, down from their previous 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 issued its quarterly earnings results on Monday, August 5th. The company reported $0.51 earnings per share 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 during the quarter, compared to analysts’ expectations of $111.85 million. During the same period in the prior year, the business posted $0.55 EPS.

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

CPI Card Group Stock Performance

CPI Card Group stock opened at $22.84 on Wednesday. CPI Card Group has a 52 week low of $12.65 and a 52 week high of $31.00. The firm has a market capitalization of $254.89 million, a price-to-earnings ratio of 14.93 and a beta of 1.15. The company has a 50 day moving average price of $25.51 and a 200 day moving average price of $25.34.

Insider Transactions at CPI Card Group

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 shares were sold at an average price of $21.00, for a total transaction of $28,980,000.00. Following the transaction, 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 Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were 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 directly owns 4,813,977 shares in the company, valued at approximately $101,093,517. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Sonya Vollmer sold 3,660 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $25.10, for a total transaction of $91,866.00. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Pembroke Management LTD raised its holdings in CPI Card Group by 48.7% in the 3rd quarter. Pembroke Management LTD now owns 26,627 shares of the company’s stock worth $741,000 after acquiring an additional 8,720 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of CPI Card Group in the third quarter valued at about $205,000. Ritholtz Wealth Management bought a new position in shares of CPI Card Group in the third quarter worth about $449,000. Vector Capital Management L.P. lifted its position in shares of CPI Card Group by 77.7% during the 2nd quarter. Vector Capital Management L.P. now owns 248,737 shares of the company’s stock worth $6,778,000 after purchasing an additional 108,756 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of CPI Card Group by 139.0% during the 2nd quarter. Marshall Wace LLP now owns 39,273 shares of the company’s stock worth $1,070,000 after purchasing an additional 22,841 shares during the last quarter. 22.08% of the stock is owned by institutional investors.

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.