CPI Card Group Inc. (PMTS) Lowered to Sell at Zacks Investment Research
According to Zacks, “CPI Card Group Inc. is engaged in financial card production and related services under the VISA, MasterCard, American Express and Discover payment brands. The company offers a single source for cards and other form factors, from financial and prepaid debit to EMV chip and mobile, instant issuance, personalization and fulfillment services. CPI Card Group Inc. is headquartered in Littleton, Colorado. “
Other analysts also recently issued research reports about the company. William Blair downgraded CPI Card Group from an outperform rating to a market perform rating in a research report on Thursday, November 10th. CIBC cut CPI Card Group from a sector perform rating to a sector underperform rating and set a $3.50 price target for the company. in a report on Thursday, November 10th. Finally, Craig Hallum boosted their price target on CPI Card Group from $8.00 to $9.00 and gave the company a buy rating in a research note on Monday, August 29th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $6.38.
Shares of CPI Card Group (NASDAQ:PMTS) traded down 1.2633% during mid-day trading on Wednesday, reaching $3.9001. The company had a trading volume of 79,329 shares. The company has a market capitalization of $215.65 billion and a price-to-earnings ratio of 30.0008. The firm’s 50-day moving average is $5.37 and its 200 day moving average is $5.15. CPI Card Group has a 12 month low of $3.25 and a 12 month high of $11.10.
CPI Card Group (NASDAQ:PMTS) last released its earnings results on Wednesday, November 9th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by $0.04. The company earned $81.20 million during the quarter, compared to analyst estimates of $85.78 million. CPI Card Group had a net margin of 2.13% and a negative return on equity of 20.43%. CPI Card Group’s revenue was down 24.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. On average, equities research analysts predict that CPI Card Group will post $0.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 12th. Stockholders of record on Friday, December 16th will be given a dividend of $0.045 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.62%. CPI Card Group’s dividend payout ratio (DPR) is presently 150.01%.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Investment Management LLC boosted its position in CPI Card Group by 18.5% in the second quarter. BlackRock Investment Management LLC now owns 71,683 shares of the company’s stock worth $359,000 after buying an additional 11,211 shares during the period. Vanguard Group Inc. boosted its position in CPI Card Group by 10.7% in the second quarter. Vanguard Group Inc. now owns 633,324 shares of the company’s stock worth $3,173,000 after buying an additional 61,415 shares during the period. Penserra Capital Management LLC boosted its position in CPI Card Group by 107.5% in the second quarter. Penserra Capital Management LLC now owns 26,904 shares of the company’s stock worth $135,000 after buying an additional 13,936 shares during the period. Ameriprise Financial Inc. boosted its position in CPI Card Group by 1.9% in the second quarter. Ameriprise Financial Inc. now owns 3,922,807 shares of the company’s stock worth $19,652,000 after buying an additional 74,500 shares during the period. Finally, Commonwealth Equity Services Inc boosted its position in CPI Card Group by 29.3% in the second quarter. Commonwealth Equity Services Inc now owns 99,994 shares of the company’s stock worth $501,000 after buying an additional 22,653 shares during the period. 24.91% of the stock is currently owned by institutional investors.
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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