CPI Card Group Inc. (PMTS) Trading Down 1.1%
CPI Card Group Inc. (NASDAQ:PMTS) shares fell 1.1% on Friday . The company traded as low as $5.40 and last traded at $5.46, with a volume of 75,185 shares. The stock had previously closed at $5.52.
PMTS has been the topic of a number of research reports. Zacks Investment Research raised CPI Card Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th. BMO Capital Markets lowered CPI Card Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $16.00 to $6.00 in a report on Thursday, May 12th. Robert W. Baird reaffirmed a “hold” rating on shares of CPI Card Group in a report on Monday, May 16th. CIBC lowered CPI Card Group from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, May 12th. Finally, Craig Hallum initiated coverage on CPI Card Group in a report on Monday, June 27th. They issued a “buy” rating and a $8.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. CPI Card Group currently has an average rating of “Hold” and a consensus price target of $9.39.
The stock has a 50 day moving average of $4.83 and a 200-day moving average of $6.15. The company has a market cap of $301.60 million and a P/E ratio of 26.76.
CPI Card Group (NASDAQ:PMTS) last posted its earnings results on Wednesday, August 10th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.01. The firm earned $73.70 million during the quarter, compared to the consensus estimate of $69.45 million. The business’s revenue for the quarter was down 22.8% on a year-over-year basis. On average, equities research analysts anticipate that CPI Card Group Inc. will post $0.49 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, September 16th will be issued a dividend of $0.045 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.18 dividend on an annualized basis and a yield of 3.30%.
In other CPI Card Group news, Director Doug Pearce purchased 8,300 shares of the company’s stock in a transaction that occurred on Monday, June 13th. The shares were acquired at an average cost of $4.49 per share, for a total transaction of $37,267.00. Following the completion of the acquisition, the director now owns 5,125 shares of the company’s stock, valued at approximately $23,011.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
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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