Net 1 UEPS Technologies (UEPS) Issues FY19 Earnings Guidance

Net 1 UEPS Technologies (NASDAQ:UEPS) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of at least $0.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.91.

UEPS traded down $2.16 on Friday, hitting $4.84. The company had a trading volume of 3,411,023 shares, compared to its average volume of 357,701. The firm has a market cap of $381.92 million, a P/E 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 current ratio of 1.51, a quick ratio of 1.47 and a debt-to-equity ratio of 0.01.

Net 1 UEPS Technologies (NASDAQ:UEPS) last released its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.13). The company had revenue of $125.88 million during the quarter, compared to analysts’ expectations of $145.03 million. Net 1 UEPS Technologies had a return on equity of 13.96% and a net margin of 6.39%. The company’s revenue was down 17.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 EPS.

UEPS has been the subject of several recent research reports. Maxim Group set a $24.00 price target on Net 1 UEPS Technologies and gave the stock a buy rating in a research report on Thursday, August 23rd. BidaskClub lowered Net 1 UEPS Technologies from a hold rating to a sell rating in a research report on Saturday, October 13th. Finally, ValuEngine upgraded Net 1 UEPS Technologies from a strong sell rating to a sell rating in a research report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $15.50.

In other news, CEO Herman Kotze acquired 12,000 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was acquired at an average price of $6.74 per share, with a total value of $80,880.00. Following the completion of the purchase, the chief executive officer now directly owns 481,000 shares in the company, valued at $3,241,940. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher Stefan Seabrooke acquired 20,000 shares of the firm’s stock in a transaction on Thursday, September 20th. The stock was purchased at an average cost of $7.48 per share, with a total value of $149,600.00. Following the purchase, the director now owns 18,124 shares of the company’s stock, valued at $135,567.52. The disclosure for this purchase can be found here. In the last three months, insiders acquired 33,036 shares of company stock valued at $238,064. 3.46% of the stock is owned by insiders.

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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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