CPI Card Group Inc. (PMTS) Issues Earnings Results
CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) announced its earnings results on Wednesday. The credit services provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.01, reports. The business had revenue of $65.85 million for the quarter, compared to analyst estimates 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 was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm 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 4.688% during trading on Friday, reaching $1.525. 687,365 shares of the company’s stock were exchanged. The firm’s market capitalization is $84.81 million. CPI Card Group has a 52 week low of $1.50 and a 52 week high of $6.41. The company’s 50-day moving average price is $2.77 and its 200 day moving average price is $3.53.
PMTS has been the subject of a number of research reports. BMO Capital Markets cut their target price 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. 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. Citigroup Inc. cut shares of CPI Card Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 4th. 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. Finally, ValuEngine cut shares of CPI Card Group from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company 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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