CPI Card Group (NASDAQ:PMTS) Issues Earnings Results

CPI Card Group (NASDAQ:PMTS) issued its quarterly earnings results on Tuesday. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05, Zacks reports. CPI Card Group had a negative return on equity of 46.90% and a net margin of 3.38%.

CPI Card Group Stock Down 4.7 %

CPI Card Group stock opened at $31.88 on Tuesday. The stock has a 50-day moving average price of $30.35 and a 200 day moving average price of $28.42. The company has a market capitalization of $355.75 million, a price-to-earnings ratio of 24.34 and a beta of 1.43. CPI Card Group has a 52 week low of $15.00 and a 52 week high of $35.19.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PMTS shares. DA Davidson reissued a “buy” rating and set a $36.00 target price on shares of CPI Card Group in a research report on Tuesday, February 25th. Lake Street Capital lifted their price objective on shares of CPI Card Group from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th.

CPI Card Group Company Profile

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.