Zacks: Brokerages Expect CPI Card Group Inc (PMTS) Will Announce Earnings of -$0.26 Per Share

Analysts predict that CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) will post ($0.26) earnings per share for the current quarter, according to Zacks. Three analysts have provided estimates for CPI Card Group’s earnings, with the lowest EPS estimate coming in at ($0.29) and the highest estimate coming in at ($0.22). CPI Card Group posted earnings per share of ($0.25) during the same quarter last year, which indicates a negative year-over-year growth rate of 4%. The firm is expected to announce its next earnings results on Wednesday, May 2nd.

According to Zacks, analysts expect that CPI Card Group will report full year earnings of ($0.65) per share for the current financial year, with EPS estimates ranging from ($0.78) to ($0.52). For the next fiscal year, analysts expect that the firm will report earnings of ($0.68) per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover CPI Card Group.

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A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of CPI Card Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 17th. Robert W. Baird reissued a “hold” rating and set a $5.00 target price on shares of CPI Card Group in a research report on Thursday, December 21st. Finally, ValuEngine raised shares of CPI Card Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $5.75.

NASDAQ:PMTS traded down $0.07 during midday trading on Tuesday, reaching $3.02. 18,692 shares of the stock traded hands, compared to its average volume of 42,580. CPI Card Group has a 12-month low of $2.45 and a 12-month high of $21.50. The company has a quick ratio of 2.12, a current ratio of 2.59 and a debt-to-equity ratio of -2.54. The stock has a market capitalization of $33.57, a price-to-earnings ratio of -9.73 and a beta of -0.07.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in shares of CPI Card Group by 181.0% in the second quarter. Dimensional Fund Advisors LP now owns 61,110 shares of the credit services provider’s stock worth $174,000 after buying an additional 39,359 shares during the last quarter. MUFG Americas Holdings Corp purchased a new position in shares of CPI Card Group in the third quarter worth $118,000. State Street Corp raised its holdings in shares of CPI Card Group by 37.0% in the second quarter. State Street Corp now owns 372,496 shares of the credit services provider’s stock worth $1,062,000 after buying an additional 100,594 shares during the last quarter. Commonwealth Equity Services Inc raised its holdings in shares of CPI Card Group by 108.4% in the third quarter. Commonwealth Equity Services Inc now owns 203,869 shares of the credit services provider’s stock worth $240,000 after buying an additional 106,064 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in shares of CPI Card Group in the fourth quarter worth $442,000. 11.55% of the stock is owned by institutional investors and hedge funds.

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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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