B. Riley Weighs in on Net 1 UEPS Technologies Inc’s FY2019 Earnings (UEPS)

Net 1 UEPS Technologies Inc (NASDAQ:UEPS) – Equities research analysts at B. Riley dropped their FY2019 earnings per share estimates for Net 1 UEPS Technologies in a research report issued on Monday, May 13th. B. Riley analyst S. Buck now anticipates that the business services provider will earn ($2.28) per share for the year, down from their prior forecast of ($1.34). B. Riley currently has a “Buy” rating and a $10.00 target price on the stock. B. Riley also issued estimates for Net 1 UEPS Technologies’ Q4 2019 earnings at ($0.10) EPS, Q1 2020 earnings at ($0.06) EPS, Q2 2020 earnings at ($0.09) EPS, Q3 2020 earnings at ($0.06) EPS, Q4 2020 earnings at $0.04 EPS, FY2020 earnings at ($0.17) EPS and FY2021 earnings at $0.03 EPS.

Net 1 UEPS Technologies (NASDAQ:UEPS) last released its earnings results on Thursday, May 9th. The business services provider reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.56). Net 1 UEPS Technologies had a negative return on equity of 7.37% and a negative net margin of 25.48%. The company had revenue of $86.48 million during the quarter, compared to analysts’ expectations of $105.12 million. During the same period in the prior year, the company posted $0.95 earnings per share. The company’s revenue was down 46.9% on a year-over-year basis.

A number of other equities research analysts have also recently commented on the company. ValuEngine raised Net 1 UEPS Technologies from a “hold” rating to a “buy” rating in a research note on Friday. Maxim Group set a $7.00 target price on Net 1 UEPS Technologies and gave the stock a “buy” rating in a research note on Friday, May 10th. Zacks Investment Research cut Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 11th. Finally, BidaskClub cut Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a research note on Friday, January 25th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $11.67.

NASDAQ UEPS opened at $3.59 on Thursday. Net 1 UEPS Technologies has a 12 month low of $2.78 and a 12 month high of $10.71. The firm has a market capitalization of $204.03 million, a PE ratio of 1.83 and a beta of 0.81.

Several large investors have recently made changes to their positions in the company. Prescott Group Capital Management L.L.C. lifted its holdings in shares of Net 1 UEPS Technologies by 94.4% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 5,636,233 shares of the business services provider’s stock valued at $26,434,000 after purchasing an additional 2,737,144 shares in the last quarter. Rubric Capital Management LP bought a new position in shares of Net 1 UEPS Technologies during the first quarter valued at $9,198,000. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Net 1 UEPS Technologies by 50.6% during the first quarter. Thompson Siegel & Walmsley LLC now owns 2,098,901 shares of the business services provider’s stock valued at $7,535,000 after purchasing an additional 705,208 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Net 1 UEPS Technologies by 159.8% during the first quarter. Goldman Sachs Group Inc. now owns 756,678 shares of the business services provider’s stock valued at $2,716,000 after purchasing an additional 465,407 shares in the last quarter. Finally, Hosking Partners LLP lifted its holdings in shares of Net 1 UEPS Technologies by 11.3% during the fourth quarter. Hosking Partners LLP now owns 578,824 shares of the business services provider’s stock valued at $2,715,000 after purchasing an additional 58,558 shares in the last quarter. 55.60% of the stock is currently owned by hedge funds and other institutional investors.

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

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