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

Lesaka Technologies (NASDAQ:LSAK) released its quarterly earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $184.57 million for the quarter, compared to analysts’ expectations of $97.37 million.

Lesaka Technologies Trading Up 3.5%

LSAK stock traded up $0.14 during midday trading on Wednesday, hitting $4.14. The company had a trading volume of 159,277 shares, compared to its average volume of 231,332. The company has a current ratio of 1.59, a quick ratio of 1.47 and a debt-to-equity ratio of 0.95. Lesaka Technologies has a 52 week low of $3.62 and a 52 week high of $5.54. The stock’s 50 day moving average price is $4.35 and its 200 day moving average price is $4.67. The stock has a market cap of $355.17 million, a price-to-earnings ratio of 100.00 and a beta of 0.29.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LSAK shares. Weiss Ratings cut Lesaka Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Wall Street Zen raised Lesaka Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 19th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $7.56 price objective on shares of Lesaka Technologies in a report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.