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

Lesaka Technologies (NASDAQ:LSAK) announced its quarterly earnings data 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. Lesaka Technologies had a return on equity of 1.65% and a net margin of 0.43%. The business had revenue of $184.57 million during the quarter, compared to analysts’ expectations of $97.37 million.

Lesaka Technologies Stock Performance

Shares of LSAK stock traded up $0.14 during trading hours on Wednesday, reaching $4.14. 159,277 shares of the company traded hands, compared to its average volume of 231,332. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.59 and a quick ratio of 1.47. Lesaka Technologies has a 12-month low of $3.62 and a 12-month high of $5.54. The firm has a 50-day moving average price of $4.35 and a 200 day moving average price of $4.67. The company has a market cap of $355.17 million, a P/E ratio of 100.00 and a beta of 0.29.

Analyst Ratings Changes

A number of research firms have recently commented on LSAK. Jefferies Financial Group reissued a “buy” rating and issued a $7.56 target price on shares of Lesaka Technologies in a research note on Monday, September 14th. Wall Street Zen upgraded shares of Lesaka Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 19th. Finally, Weiss Ratings downgraded shares of Lesaka Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Lesaka Technologies has a consensus 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.