Net 1 UEPS Technologies Inc (NASDAQ:UEPS) – B. Riley decreased their Q1 2020 earnings estimates for shares of Net 1 UEPS Technologies in a report issued on Monday, February 11th. B. Riley analyst S. Buck now expects that the business services provider will post earnings per share of $0.08 for the quarter, down from their previous estimate of $0.10. B. Riley has a “Buy” rating and a $10.00 price objective on the stock. B. Riley also issued estimates for Net 1 UEPS Technologies’ Q2 2020 earnings at $0.04 EPS, Q4 2020 earnings at $0.16 EPS and FY2021 earnings at $0.54 EPS.
Net 1 UEPS Technologies (NASDAQ:UEPS) last announced its quarterly earnings results on Thursday, February 7th. The business services provider reported ($1.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.88). Net 1 UEPS Technologies had a negative net margin of 11.05% and a positive return on equity of 0.19%. The firm had revenue of $97.15 million during the quarter, compared to the consensus estimate of $116.64 million. During the same period in the previous year, the business earned $0.39 earnings per share. The firm’s revenue for the quarter was down 34.5% on a year-over-year basis.
A number of other analysts also recently issued reports on UEPS. Maxim Group dropped their price objective on shares of Net 1 UEPS Technologies to $7.00 and set a “positive” rating for the company in a report on Monday. TheStreet downgraded shares of Net 1 UEPS Technologies from a “c” rating to a “d+” rating in a report on Friday, November 9th. ValuEngine raised shares of Net 1 UEPS Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, BidaskClub raised shares of Net 1 UEPS Technologies from a “sell” rating to a “hold” rating in a report on Saturday, December 22nd. Two investment 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 stock presently has a consensus rating of “Hold” and an average price target of $11.50.
NASDAQ UEPS opened at $3.92 on Tuesday. Net 1 UEPS Technologies has a 52-week low of $2.78 and a 52-week high of $11.00. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 0.01. The firm has a market cap of $216.54 million, a PE ratio of 2.00 and a beta of 0.83.
Hedge funds have recently added to or reduced their stakes in the business. Ingalls & Snyder LLC purchased a new position in shares of Net 1 UEPS Technologies during the third quarter valued at about $135,000. Prescott Group Capital Management L.L.C. increased its position in shares of Net 1 UEPS Technologies by 52.7% during the third quarter. Prescott Group Capital Management L.L.C. now owns 2,899,089 shares of the business services provider’s stock valued at $23,193,000 after buying an additional 1,000,232 shares during the period. Nordea Investment Management AB bought a new stake in Net 1 UEPS Technologies during the third quarter worth about $393,000. Russell Investments Group Ltd. bought a new stake in Net 1 UEPS Technologies during the third quarter worth about $156,000. Finally, Assenagon Asset Management S.A. bought a new stake in Net 1 UEPS Technologies during the fourth quarter worth about $397,000. Hedge funds and other institutional investors own 51.90% of the company’s stock.
About Net 1 UEPS Technologies
Net 1 UEPS Technologies, Inc provides transaction processing services, financial inclusion products and services, and secure payment technologies in South Africa, the Republic of Korea, and internationally. The company develops and markets transaction processing solutions, including smart card-based alternative payment systems for the unbanked and under-banked populations of developing economies and for mobile transaction channels.
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