CPI Card Group Inc. (NASDAQ:PMTS) Updates FY17 Earnings Guidance

15 Août, 2017, 03:57 | Author: Marc Bacque

CPI Card Group was downgraded by analysts at Barrington Research from a "market perform" rating to an "underperform" rating. Raymond James Financial, Inc. downgraded 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 CPI Card Group from an outperform rating to a market perform rating in a research report on Thursday, May 4th. CPI Card Group now has an average rating of "Hold" and a consensus target price of $4.90. The correct version of this news story can be accessed at https://www.baseball-news-blog.com/2017/08/14/insider-buying-cpi-card-group-inc-pmts-cto-acquires-30000-shares-of-stock.html. Four research 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's stock. CPI Card Group now has a consensus rating of "Hold" and an average target price of $4.90.

It is trading at $1.25 which is significantly below the 50 day moving average of $2.59 and well below the 200 day moving average of $3.40. Federated Investors Inc. PA now owns 426,371 shares of the credit services provider's stock valued at $1,215,000 after buying an additional 33,600 shares during the period. The company's market cap is $69.52 million.

The company has a 50-day moving average price of $2.55 and a 200-day moving average price of $3.37. On average, analysts predict that CPI Card Group Inc. will post ($0.01) earnings per share for the current fiscal year.

CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last released its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.01, reports. CPI Card Group had a negative net margin of 2.46% and a negative return on equity of 1.51%. The business had revenue of $65.85 million for the quarter, compared to analyst estimates of $69.16 million. During the same quarter in the previous year, the company posted $0.05 EPS. The business's revenue for the quarter was down 10.7% compared to the same quarter a year ago. CPI Card Group's revenue for the quarter was down 10.7% on a year-over-year basis.

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In other CPI Card Group news, CTO Jay Arbabha acquired 30,000 shares of the stock in a transaction dated Wednesday, August 9th. The stock was acquired at an average cost of $1.05 per share, for a total transaction of $31,500.00. Following the completion of the purchase, the chief technology officer now directly owns 10,200 shares in the company, valued at $10,710. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Jason Bohrer bought 28,571 shares of the company's stock in a transaction on Monday, August 7th. The disclosure for this purchase can be found here. Insiders have bought 102,046 shares of company stock valued at $118,750 over the last 90 days. Bank of Montreal Can increased its position in CPI Card Group by 753.0% in the second quarter. Dimensional Fund Advisors LP now owns 61,110 shares of the credit services provider's stock valued at $174,000 after buying an additional 39,359 shares during the period.

CPI Card Group Inc, formerly CPI Holdings I, Inc, provides Financial Payment Card solutions in North America. Federated Investors Inc. PA increased its position in CPI Card Group by 8.6% in the second quarter. Renaissance Technologies LLC now owns 305,800 shares of the credit services provider's stock valued at $1,284,000 after buying an additional 39,432 shares during the period. Highbridge Capital Management LLC purchased a new stake in shares of CPI Card Group during the fourth quarter worth about $143,000. Wells Fargo & Company MN now owns 30,680 shares of the credit services provider's stock valued at $129,000 after buying an additional 25,642 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in CPI Card Group by 14.8% in the first quarter. The Company is also engaged in the design, production, data personalization, packaging and fulfillment of retail gift and loyalty cards (primarily in Europe and Canada).

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