Net 1 UEPS Technologies Inc (NASDAQ:UEPS) – Analysts at B. Riley lifted their Q3 2019 EPS estimates for Net 1 UEPS Technologies in a research report issued on Monday, February 11th. B. Riley analyst S. Buck now anticipates that the business services provider will post earnings of ($0.11) per share for the quarter, up from their prior estimate of ($0.12). B. Riley has a “Buy” rating and a $10.00 price objective on the stock. B. Riley also issued estimates for Net 1 UEPS Technologies’ Q4 2019 earnings at ($0.02) EPS, FY2019 earnings at ($1.07) EPS and FY2020 earnings at $0.43 EPS.
Net 1 UEPS Technologies (NASDAQ:UEPS) last issued its quarterly earnings results on Thursday, February 7th. The business services provider reported ($1.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.88). The firm had revenue of $97.15 million during the quarter, compared to analyst estimates of $116.64 million. Net 1 UEPS Technologies had a positive return on equity of 0.19% and a negative net margin of 11.05%. The firm’s revenue for the quarter was down 34.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS.
Shares of NASDAQ UEPS opened at $3.92 on Wednesday. The company has a market capitalization of $216.54 million, a PE ratio of 2.00 and a beta of 0.83. Net 1 UEPS Technologies has a 52-week low of $2.78 and a 52-week high of $11.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.29 and a current ratio of 1.33.
Large investors have recently added to or reduced their stakes in the company. United Services Automobile Association bought a new stake in shares of Net 1 UEPS Technologies in the 2nd quarter valued at $111,000. IFP Advisors Inc increased its stake in shares of Net 1 UEPS Technologies by 1,166.0% in the 4th quarter. IFP Advisors Inc now owns 12,660 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 11,660 shares in the last quarter. Ingalls & Snyder LLC bought a new stake in shares of Net 1 UEPS Technologies in the 3rd quarter valued at $135,000. Russell Investments Group Ltd. bought a new stake in shares of Net 1 UEPS Technologies in the 3rd quarter valued at $156,000. Finally, Ramsey Quantitative Systems increased its stake in shares of Net 1 UEPS Technologies by 33.7% in the 4th quarter. Ramsey Quantitative Systems now owns 21,995 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 5,545 shares in the last quarter. Institutional investors own 51.90% of the company’s stock.
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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