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. “
Separately, Craig Hallum started coverage on CPI Card Group in a research report on Monday, June 27th. They set a buy rating and a $8.00 price objective on the stock. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $9.39.
CPI Card Group (NASDAQ:PMTS) remained flat at $6.04 during trading on Friday. The company had a trading volume of 9,441 shares. The stock has a market capitalization of $333.64 million and a PE ratio of 29.61. CPI Card Group has a 1-year low of $3.38 and a 1-year high of $13.50. The firm has a 50-day moving average price of $5.54 and a 200 day moving average price of $5.86.
CPI Card Group (NASDAQ:PMTS) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by $0.01. The firm had revenue of $73.70 million for the quarter, compared to the consensus estimate of $69.45 million. CPI Card Group had a net margin of 4.94% and a negative return on equity of 24.89%. The company’s revenue was down 22.8% on a year-over-year basis. Equities analysts anticipate that CPI Card Group will post $0.49 earnings per share for the current fiscal year.
The business also recently announced 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. This represents a $0.18 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, September 14th. CPI Card Group’s dividend payout ratio is presently 75.00%.
A number of large investors have recently modified their holdings of the stock. Swiss National Bank bought a new stake in shares of CPI Card Group during the second quarter valued at $137,000. New Jersey Better Educational Savings Trust bought a new stake in shares of CPI Card Group during the second quarter valued at $251,000. Thompson Investment Management Inc. bought a new stake in shares of CPI Card Group during the second quarter valued at $452,000. California State Teachers Retirement System boosted its stake in shares of CPI Card Group by 19.0% in the second quarter. California State Teachers Retirement System now owns 44,025 shares of the company’s stock valued at $221,000 after buying an additional 7,031 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of CPI Card Group by 32.4% in the second quarter. Bank of New York Mellon Corp now owns 71,925 shares of the company’s stock valued at $360,000 after buying an additional 17,585 shares in the last quarter. Institutional investors own 24.06% of the company’s stock.
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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