Net 1 UEPS Technologies (NASDAQ:UEPS) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of at least $0.65 for the period, compared to the Thomson Reuters consensus estimate of $0.91.
NASDAQ:UEPS traded down $2.16 during trading hours on Friday, reaching $4.84. The company’s stock had a trading volume of 3,411,023 shares, compared to its average volume of 357,701. The company has a market capitalization of $381.92 million, a price-to-earnings ratio of 3.46 and a beta of 1.32. Net 1 UEPS Technologies has a 12 month low of $4.43 and a 12 month high of $13.20. The company has a quick ratio of 1.47, a current ratio of 1.51 and a debt-to-equity ratio of 0.01.
Net 1 UEPS Technologies (NASDAQ:UEPS) last issued its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). The business had revenue of $125.88 million during the quarter, compared to the consensus estimate of $145.03 million. Net 1 UEPS Technologies had a return on equity of 13.96% and a net margin of 6.39%. The business’s quarterly revenue was down 17.5% on a year-over-year basis. During the same period last year, the firm earned $0.43 EPS.
A number of equities analysts recently commented on UEPS shares. Maxim Group set a $24.00 price objective on shares of Net 1 UEPS Technologies and gave the stock a buy rating in a research note on Thursday, August 23rd. BidaskClub lowered shares of Net 1 UEPS Technologies from a hold rating to a sell rating in a report on Saturday, October 13th. Finally, ValuEngine raised shares of Net 1 UEPS Technologies from a strong sell rating to a sell rating in a report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Net 1 UEPS Technologies presently has a consensus rating of Hold and an average price target of $15.50.
In other news, Director Christopher Stefan Seabrooke purchased 20,000 shares of the business’s stock in a transaction on Thursday, September 20th. The shares were acquired at an average cost of $7.48 per share, with a total value of $149,600.00. Following the completion of the acquisition, the director now owns 18,124 shares of the company’s stock, valued at $135,567.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Herman Kotze purchased 12,000 shares of the business’s stock in a transaction on Wednesday, September 19th. The stock was purchased at an average cost of $6.74 per share, for a total transaction of $80,880.00. Following the completion of the acquisition, the chief executive officer now directly owns 481,000 shares of the company’s stock, valued at approximately $3,241,940. The disclosure for this purchase can be found here. Insiders acquired 33,036 shares of company stock worth $238,064 over the last ninety days. Corporate insiders own 3.46% of the company’s stock.
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Net 1 UEPS Technologies Company Profile
Net 1 UEPS Technologies, Inc provides payment solutions, transaction processing services, and financial technologies to various industries in South Africa, South Korea, and internationally. The company develops and markets transaction processing solutions that comprise its smart card-based alternative payment system for the unbanked and under-banked populations of developing economies, and for mobile transaction channels.
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