Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Releases Earnings Results, Beats Estimates By $0.24 EPS

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) posted its quarterly earnings results on Monday. The company reported $3.36 EPS for the quarter, beating the consensus estimate of $3.12 by $0.24, FiscalAI reports. Joint Stock Company Kaspi.kz had a net margin of 24.00% and a return on equity of 40.69%. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.69 billion.

Joint Stock Company Kaspi.kz Price Performance

Joint Stock Company Kaspi.kz stock opened at $91.68 on Monday. The firm has a 50-day moving average price of $96.11 and a two-hundred day moving average price of $86.76. The firm has a market capitalization of $17.42 billion, a price-to-earnings ratio of 8.35 and a beta of 1.07. Joint Stock Company Kaspi.kz has a 52-week low of $68.59 and a 52-week high of $109.94.

Joint Stock Company Kaspi.kz Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, September 10th were given a $2.1490 dividend. The ex-dividend date was Thursday, September 10th. This is a boost from Joint Stock Company Kaspi.kz’s previous dividend of $1.7977. Joint Stock Company Kaspi.kz’s payout ratio is 78.14%.

Analyst Ratings Changes

KSPI has been the topic of several research reports. Wolfe Research increased their price objective on shares of Joint Stock Company Kaspi.kz from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Susquehanna lifted their target price on Joint Stock Company Kaspi.kz from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Zacks Research lowered Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded Joint Stock Company Kaspi.kz from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Joint Stock Company Kaspi.kz presently has an average rating of “Hold” and a consensus price target of $107.50.

Joint Stock Company Kaspi.kz Company Profile

Joint Stock Company Kaspi.kz is a Kazakhstan-based technology and financial services company that operates a digital ecosystem through its Kaspi.kz super app. Its services connect consumers, merchants and financial institutions across everyday shopping and financial activities.

The company’s offerings include an online marketplace, digital payments and financial products such as consumer loans, deposits and merchant services. It also provides services such as travel booking through its platform.

Kaspi.kz serves customers and businesses primarily in Kazakhstan.