Equities analysts expect Net 1 UEPS Technologies Inc (NASDAQ:UEPS) to report earnings per share (EPS) of ($0.10) for the current quarter, according to Zacks. Zero analysts have provided estimates for Net 1 UEPS Technologies’ earnings. Net 1 UEPS Technologies posted earnings of $0.22 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 145.5%. The business is expected to report its next earnings report after the market closes on Thursday, September 26th.
According to Zacks, analysts expect that Net 1 UEPS Technologies will report full-year earnings of ($1.58) per share for the current financial year. For the next fiscal year, analysts expect that the business will report earnings of ($0.15) per share. Zacks’ EPS calculations are an average based on a survey of research firms that follow Net 1 UEPS Technologies.
UEPS has been the subject of a number of analyst reports. Maxim Group set a $7.00 price target on Net 1 UEPS Technologies and gave the stock a “buy” rating in a research note on Friday, May 24th. B. Riley set a $7.00 target price on shares of Net 1 UEPS Technologies and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Finally, Zacks Investment Research cut shares of Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, July 13th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. Net 1 UEPS Technologies presently has an average rating of “Hold” and a consensus target price of $7.00.
A number of hedge funds have recently made changes to their positions in UEPS. Cubist Systematic Strategies LLC acquired a new position in Net 1 UEPS Technologies in the second quarter worth approximately $83,000. ETF Managers Group LLC increased its position in Net 1 UEPS Technologies by 12.1% in the second quarter. ETF Managers Group LLC now owns 377,154 shares of the business services provider’s stock worth $1,509,000 after buying an additional 40,679 shares during the last quarter. B. Riley Financial Inc. grew its position in shares of Net 1 UEPS Technologies by 22.4% in the second quarter. B. Riley Financial Inc. now owns 528,600 shares of the business services provider’s stock valued at $2,114,000 after purchasing an additional 96,707 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Net 1 UEPS Technologies by 95.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 317,561 shares of the business services provider’s stock valued at $1,271,000 after purchasing an additional 154,886 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Net 1 UEPS Technologies by 30.9% in the second quarter. Russell Investments Group Ltd. now owns 29,670 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 7,000 shares in the last quarter. 53.24% of the stock is currently owned by hedge funds and other institutional investors.
Net 1 UEPS Technologies Company Profile
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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