Net 1 UEPS Technologies (UEPS) Announces Quarterly Earnings Results, Misses Estimates By $0.13 EPS

Net 1 UEPS Technologies (NASDAQ:UEPS) issued its earnings results on Thursday. The business services provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.13), reports. Net 1 UEPS Technologies had a net margin of 6.39% and a return on equity of 13.96%. The firm had revenue of $125.88 million during the quarter, compared to the consensus estimate of $145.03 million. During the same period in the previous year, the company posted $0.43 EPS. The firm’s revenue for the quarter was down 17.5% on a year-over-year basis. Net 1 UEPS Technologies updated its FY19 guidance to at least $0.65 EPS.

Shares of UEPS stock opened at $4.84 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.51 and a debt-to-equity ratio of 0.01. Net 1 UEPS Technologies has a 12-month low of $4.43 and a 12-month high of $13.20. The firm has a market cap of $381.92 million, a PE ratio of 3.46 and a beta of 1.32.

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

UEPS has been the subject of several recent analyst reports. Maxim Group initiated coverage on shares of Net 1 UEPS Technologies in a research note on Monday, July 30th. They issued a “buy” rating and a $24.00 target price for the company. ValuEngine raised shares of Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 2nd. Finally, BidaskClub downgraded shares of Net 1 UEPS Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, August 17th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $15.50.

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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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Earnings History for Net 1 UEPS Technologies (NASDAQ:UEPS)

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