CPI Card Group Inc. (PMTS) Announces Quarterly Dividend of $0.05
CPI Card Group Inc. (NASDAQ:PMTS) declared a quarterly dividend on Thursday, November 10th. Investors of record on Friday, December 16th will be given a dividend of 0.045 per share on Thursday, January 12th. This represents a $0.18 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend is Wednesday, December 14th.
CPI Card Group (NASDAQ:PMTS) opened at 3.70 on Friday. CPI Card Group has a 52-week low of $3.25 and a 52-week high of $12.00. The stock has a market capitalization of $204.38 million and a P/E ratio of 18.14. The company’s 50-day moving average price is $5.61 and its 200 day moving average price is $5.30.
CPI Card Group (NASDAQ:PMTS) last posted its earnings results on Wednesday, November 9th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.15 by $0.04. CPI Card Group had a net margin of 4.94% and a negative return on equity of 24.89%. The business earned $81.20 million during the quarter, compared to analyst estimates of $85.78 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The firm’s revenue was down 24.6% compared to the same quarter last year. On average, equities research analysts anticipate that CPI Card Group will post $0.49 earnings per share for the current year.
Several analysts recently commented on the company. Zacks Investment Research upgraded CPI Card Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 24th. Craig Hallum raised their target price on CPI Card Group from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Monday, August 29th. Finally, CIBC cut CPI Card Group from a “sector perform” rating to a “sector underperform” rating and set a $3.50 target price on the stock. in a research report on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $6.38.
Several institutional investors have recently modified their holdings of PMTS. A.R.T. Advisors LLC bought a new position in shares of CPI Card Group during the second quarter worth about $121,000. Teachers Advisors Inc. boosted its position in shares of CPI Card Group by 18.5% in the second quarter. Teachers Advisors Inc. now owns 33,637 shares of the company’s stock worth $169,000 after buying an additional 5,251 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of CPI Card Group by 0.9% in the third quarter. California State Teachers Retirement System now owns 44,425 shares of the company’s stock worth $268,000 after buying an additional 400 shares during the last quarter. Spark Investment Management LLC bought a new position in shares of CPI Card Group during the second quarter worth about $329,000. Finally, Advisor Group Inc. bought a new position in shares of CPI Card Group during the second quarter worth about $335,000. Institutional investors and hedge funds own 24.53% of the company’s stock.
CPI Card Group Company Profile
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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