What is B. Riley’s Forecast for CPI Card Group Q4 Earnings?

CPI Card Group Inc. (NASDAQ:PMTS) – Equities researchers at B. Riley raised their Q4 2024 earnings per share (EPS) estimates for CPI Card Group in a research note issued to investors on Tuesday, November 5th. B. Riley analyst H. Goetsch now forecasts that the company will earn $0.39 per share for the quarter, up from their previous forecast of $0.38. The consensus estimate for CPI Card Group’s current full-year earnings is $2.06 per share.

Separately, Lake Street Capital increased their price target on shares of 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 Stock Performance

Shares of NASDAQ PMTS opened at $26.79 on Wednesday. The stock’s 50-day simple moving average is $25.09 and its 200-day simple moving average is $25.53. The firm has a market capitalization of $298.98 million, a PE ratio of 17.51 and a beta of 1.21. CPI Card Group has a fifty-two week low of $12.65 and a fifty-two week high of $31.00.

CPI Card Group (NASDAQ:PMTS) last released its quarterly earnings data on Monday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $118.82 million for the quarter, compared to analyst estimates of $111.85 million. During the same period in the prior year, the company posted $0.55 earnings per share.

Institutional Investors Weigh In On CPI Card Group

Several hedge funds have recently modified their holdings of the stock. Rhumbline Advisers increased its stake in shares of CPI Card Group by 32.8% during the second quarter. Rhumbline Advisers now owns 6,302 shares of the company’s stock worth $172,000 after acquiring an additional 1,555 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of CPI Card Group during the 3rd quarter worth approximately $205,000. Privium Fund Management UK Ltd acquired a new stake in shares of CPI Card Group in the 2nd quarter valued at approximately $257,000. Ritholtz Wealth Management purchased a new stake in shares of CPI Card Group in the third quarter valued at approximately $449,000. Finally, Dimensional Fund Advisors LP grew its holdings in CPI Card Group by 31.8% during the second quarter. Dimensional Fund Advisors LP now owns 23,979 shares of the company’s stock worth $653,000 after acquiring an additional 5,783 shares during the period. 22.08% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Sonya Vollmer sold 3,660 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.10, for a total transaction of $91,866.00. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, insider Sonya Vollmer sold 3,660 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.10, for a total value of $91,866.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the firm’s stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

About CPI Card Group

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.