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

Lesaka Technologies (NASDAQ:LSAK) released its earnings results on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01, FiscalAI reports. Lesaka Technologies had a net margin of 0.43% and a return on equity of 1.65%. The firm had revenue of $184.57 million during the quarter, compared to analyst estimates of $97.37 million.

Lesaka Technologies Trading Up 3.5%

Shares of NASDAQ:LSAK traded up $0.14 on Wednesday, hitting $4.14. 159,277 shares of the company’s stock were exchanged, compared to its average volume of 231,332. The stock has a market capitalization of $355.17 million, a price-to-earnings ratio of 103.53 and a beta of 0.29. Lesaka Technologies has a 12 month low of $3.62 and a 12 month high of $5.54. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.59 and a quick ratio of 1.47. The business’s 50 day simple moving average is $4.35 and its two-hundred day simple moving average is $4.67.

Analyst Ratings Changes

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

About Lesaka Technologies

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.