CPI Card Group Inc (PMTS) Forecasted to Earn Q1 2018 Earnings of ($0.33) Per Share

CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) – Equities research analysts at Barrington Research issued their Q1 2018 earnings per share estimates for shares of CPI Card Group in a research note issued on Tuesday. Barrington Research analyst G. Prestopino anticipates that the credit services provider will earn ($0.33) per share for the quarter. Barrington Research also issued estimates for CPI Card Group’s Q2 2018 earnings at ($0.20) EPS, Q3 2018 earnings at ($0.09) EPS, Q4 2018 earnings at ($0.06) EPS and FY2018 earnings at ($0.69) EPS.

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Several other analysts have also recently weighed in on the stock. ValuEngine raised shares of CPI Card Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Robert W. Baird reissued a “hold” rating and issued a $5.00 price target on shares of CPI Card Group in a research note on Thursday, December 21st. Finally, Zacks Investment Research cut shares of CPI Card Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $5.75.

Shares of CPI Card Group (NASDAQ PMTS) opened at $3.09 on Friday. CPI Card Group has a 1-year low of $2.45 and a 1-year high of $22.75. The company has a quick ratio of 2.09, a current ratio of 2.59 and a debt-to-equity ratio of -2.54. The company has a market cap of $34.29, a PE ratio of -1.58 and a beta of -0.07.

Several institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC grew its stake in shares of CPI Card Group by 21.3% in the 2nd quarter. Teachers Advisors LLC now owns 43,683 shares of the credit services provider’s stock valued at $124,000 after buying an additional 7,658 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of CPI Card Group by 181.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 61,110 shares of the credit services provider’s stock worth $174,000 after purchasing an additional 39,359 shares during the period. MUFG Americas Holdings Corp purchased a new position in shares of CPI Card Group during the 3rd quarter worth approximately $118,000. State Street Corp boosted its position in shares of CPI Card Group by 37.0% during the 2nd quarter. State Street Corp now owns 372,496 shares of the credit services provider’s stock worth $1,062,000 after purchasing an additional 100,594 shares during the period. Finally, Commonwealth Equity Services Inc boosted its position in shares of CPI Card Group by 108.4% during the 3rd quarter. Commonwealth Equity Services Inc now owns 203,869 shares of the credit services provider’s stock worth $240,000 after purchasing an additional 106,064 shares during the period. 13.39% of the stock is owned by institutional investors and hedge funds.

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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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