Lesaka Technologies (NASDAQ:LSAK) Issues Earnings Results, Beats Estimates By $0.01 EPS

Lesaka Technologies (NASDAQ:LSAK) posted its earnings results on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01, FiscalAI reports. The company had revenue of $184.57 million for the quarter, compared to analysts’ expectations of $97.37 million. Lesaka Technologies had a return on equity of 5.04% and a net margin of 0.44%.

Lesaka Technologies Stock Performance

Lesaka Technologies stock traded down $0.03 on Friday, reaching $3.54. 199,856 shares of the stock were exchanged, compared to its average volume of 135,609. The stock has a market cap of $303.46 million, a PE ratio of 88.77 and a beta of 0.29. The firm has a fifty day moving average price of $4.33 and a two-hundred day moving average price of $4.66. Lesaka Technologies has a twelve month low of $3.41 and a twelve month high of $5.54. The company has a current ratio of 1.59, a quick ratio of 1.47 and a debt-to-equity ratio of 0.95.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LSAK shares. Weiss Ratings cut Lesaka Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $7.56 price objective on shares of Lesaka Technologies in a research note on Monday, September 14th. Finally, Wall Street Zen raised Lesaka Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 19th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.56.

Lesaka Technologies Company Profile

Lesaka Technologies, Inc is a financial technology company that provides digital payments and financial services in southern Africa. The company serves both consumers and businesses, with offerings designed to facilitate electronic payments, money transfers, banking access and cash management in markets where traditional financial services may be less accessible.

Lesaka’s consumer-focused services include transactional accounts, payment solutions, money transfers and other financial products delivered through digital channels and its service network.