Lesaka Technologies (NASDAQ:LSAK) Posts Earnings Results, Beats Estimates By $0.06 EPS

Lesaka Technologies (NASDAQ:LSAKGet Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06, FiscalAI reports. Lesaka Technologies had a return on equity of 1.70% and a net margin of 0.43%.The firm had revenue of $98.50 million for the quarter, compared to analysts’ expectations of $98.78 million. Lesaka Technologies updated its FY 2027 guidance to 0.455-0.515 EPS and its Q1 2027 guidance to 0.024-0.036 EPS.

Lesaka Technologies Stock Down 2.2%

Shares of LSAK opened at $4.49 on Friday. Lesaka Technologies has a 52 week low of $3.62 and a 52 week high of $5.54. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.44 and a current ratio of 1.54. The firm has a market capitalization of $385.24 million, a price-to-earnings ratio of 112.28 and a beta of 0.33. The business’s fifty day moving average price is $4.68 and its two-hundred day moving average price is $4.79.

Analyst Ratings Changes

LSAK has been the topic of several research analyst reports. Weiss Ratings downgraded Lesaka Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, September 2nd. Wall Street Zen cut Lesaka Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Check Out Our Latest Analysis on Lesaka Technologies

Institutional Trading of Lesaka Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Susquehanna International Group LLP bought a new position in shares of Lesaka Technologies during the third quarter valued at $74,000. Citadel Advisors LLC increased its position in shares of Lesaka Technologies by 26.4% during the third quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock valued at $79,000 after buying an additional 3,959 shares during the period. Finally, Barclays PLC raised its holdings in shares of Lesaka Technologies by 13,359.8% during the 4th quarter. Barclays PLC now owns 141,866 shares of the company’s stock valued at $677,000 after buying an additional 140,812 shares in the last quarter. Institutional investors and hedge funds own 24.19% of the company’s stock.

About Lesaka Technologies

(Get Free Report)

Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa. The company also engages in the sale of POS devices, SIM cards, and other consumables; and license of rights to use certain technology developed by the company, as well as offers related technology services.

Recommended Stories

Earnings History for Lesaka Technologies (NASDAQ:LSAK)

Receive News & Ratings for Lesaka Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lesaka Technologies and related companies with MarketBeat.com's FREE daily email newsletter.