CPI Card Group Inc. (PMTS) Updates FY16 Earnings Guidance
CPI Card Group Inc. (NASDAQ:PMTS) updated its FY16 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.24-0.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.49. The company issued revenue guidance of $300-305 million, compared to the consensus revenue estimate of $333.09 million.
Several brokerages recently commented on PMTS. CIBC cut shares of CPI Card Group from a sector perform rating to a sector underperform rating and set a $3.50 price objective for the company. in a research note on Thursday. Zacks Investment Research raised shares of CPI Card Group from a sell rating to a hold rating in a research note on Wednesday, October 12th. Finally, Craig Hallum boosted their price objective on shares of CPI Card Group from $8.00 to $9.00 and gave the company a buy rating in a research note on Monday, August 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $6.38.
Shares of CPI Card Group Inc. (NASDAQ:PMTS) opened at 3.70 on Friday. CPI Card Group Inc. has a one year low of $3.25 and a one year high of $12.00. The stock has a 50 day moving average of $5.61 and a 200-day moving average of $5.30. The company has a market capitalization of $204.38 million and a price-to-earnings ratio of 18.14.
CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.04. CPI Card Group had a negative return on equity of 24.89% and a net margin of 4.94%. The business earned $81.20 million during the quarter, compared to the consensus estimate of $85.78 million. During the same quarter last year, the company earned $0.30 EPS. CPI Card Group’s revenue for the quarter was down 24.6% on a year-over-year basis. On average, equities analysts expect that CPI Card Group Inc. will post $0.49 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 12th. Stockholders of record on Friday, December 16th will be paid a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Wednesday, December 14th. CPI Card Group’s dividend payout ratio (DPR) is presently 75.00%.
Institutional investors have recently modified their holdings of the company. A.R.T. Advisors LLC purchased a new stake in CPI Card Group during the second quarter valued at about $121,000. Teachers Advisors Inc. raised its stake in CPI Card Group by 18.5% in the second quarter. Teachers Advisors Inc. now owns 33,637 shares of the company’s stock valued at $169,000 after buying an additional 5,251 shares in the last quarter. California State Teachers Retirement System raised its stake in 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 valued at $268,000 after buying an additional 400 shares in the last quarter. Spark Investment Management LLC purchased a new stake in CPI Card Group during the second quarter valued at about $329,000. Finally, Advisor Group Inc. purchased a new stake in CPI Card Group during the second quarter valued at about $335,000. Hedge funds and other institutional investors own 24.53% of the company’s stock.
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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