CPI Card Group Inc. (NASDAQ:PMTS) Posts Earnings Results, Misses Estimates By $0.04 EPS
CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) posted its quarterly earnings data on Wednesday. The credit services provider reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.04, reports. The company had revenue of $65.85 million for the quarter, compared to analysts’ expectations of $69.16 million. CPI Card Group had a negative return on equity of 3.79% and a negative net margin of 1.73%. The business’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.05 EPS. CPI Card Group updated its FY17 guidance to $(0.03)-0.06 EPS.
Shares of CPI Card Group (PMTS) traded down 3.1312% during trading on Friday, reaching $1.5499. 272,897 shares of the company’s stock traded hands. The stock has a 50-day moving average of $2.77 and a 200-day moving average of $3.53. The company’s market capitalization is $86.20 million. CPI Card Group has a 1-year low of $1.50 and a 1-year high of $6.41.
A number of equities analysts recently weighed in on the stock. BMO Capital Markets lowered their price objective on shares of CPI Card Group from $4.50 to $2.20 and set a “market perform” rating for the company in a research report on Thursday. Barrington Research cut shares of CPI Card Group from a “market perform” rating to an “underperform” rating in a research report on Thursday. Zacks Investment Research cut shares of CPI Card Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. ValuEngine cut shares of CPI Card Group from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Raymond James Financial, Inc. cut shares of CPI Card Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 4th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $4.90.
TRADEMARK VIOLATION NOTICE: This article was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/08/04/cpi-card-group-inc-nasdaqpmts-posts-earnings-results-misses-estimates-by-0-04-eps.html.
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.
Receive News & Stock Ratings for CPI Card Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CPI Card Group Inc. and related stocks with our FREE daily email newsletter.