CPI Card Group Inc. (NASDAQ:PMTS) Posts Quarterly Earnings Results
CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) announced its earnings results on Wednesday. The credit services provider reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.01, reports. CPI Card Group had a negative return on equity of 3.79% and a negative net margin of 1.73%. The firm had revenue of $65.85 million during the quarter, compared to analyst estimates of $69.16 million. During the same quarter in the previous year, the business earned $0.05 earnings per share. The business’s quarterly revenue was down 10.7% compared to the same quarter last year. CPI Card Group updated its FY17 guidance to $(0.03)-0.06 EPS.
CPI Card Group (PMTS) traded down 4.688% during mid-day trading on Friday, hitting $1.525. 687,365 shares of the stock were exchanged. The stock’s market capitalization is $84.81 million. CPI Card Group has a 12-month low of $1.50 and a 12-month high of $6.41. The firm has a 50-day moving average price of $2.77 and a 200-day moving average price of $3.53.
Several research analysts have commented on PMTS shares. ValuEngine cut shares of CPI Card Group from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Raymond James Financial, Inc. cut shares of CPI Card Group from an “outperform” rating to a “market perform” rating in a report on Thursday, May 4th. Zacks Investment Research cut shares of CPI Card Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Citigroup Inc. cut shares of CPI Card Group from an “outperform” rating to a “market perform” rating in a report on Thursday, May 4th. Finally, Barrington Research cut shares of CPI Card Group from a “market perform” rating to an “underperform” rating in a report on Thursday. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. CPI Card Group presently has a consensus rating of “Hold” and an average target price of $4.90.
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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