CPI Card Group (NASDAQ:PMTS) Issues Earnings Results

CPI Card Group (NASDAQ:PMTS) posted its quarterly earnings data on Tuesday. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Performance

Shares of PMTS 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 firm has a market capitalization of $355.75 million, a P/E 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.

Analysts Set New Price Targets

PMTS has been the subject of a number of analyst reports. Lake Street Capital raised their price target on CPI Card Group from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. DA Davidson reaffirmed a “buy” rating and set a $36.00 price target on shares of CPI Card Group in a research note on Tuesday, February 25th.

About CPI Card Group

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.