Lesaka Technologies (NASDAQ:LSAK) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Lesaka Technologies (NASDAQ:LSAK) announced its earnings results on Wednesday. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06, FiscalAI reports. The company had revenue of $98.50 million during the quarter, compared to analysts’ expectations of $98.78 million. Lesaka Technologies had a negative return on equity of 15.95% and a negative net margin of 4.11%. Lesaka Technologies updated its FY 2027 guidance to 0.455-0.515 EPS and its Q1 2027 guidance to 0.024-0.036 EPS.

Lesaka Technologies Stock Performance

NASDAQ:LSAK traded up $0.07 during mid-day trading on Wednesday, reaching $4.59. 123,275 shares of the stock were exchanged, compared to its average volume of 115,615. The company has a quick ratio of 1.44, a current ratio of 1.54 and a debt-to-equity ratio of 1.00. Lesaka Technologies has a 1 year low of $3.62 and a 1 year high of $5.54. The company has a 50 day simple moving average of $4.70 and a 200-day simple moving average of $4.79. The stock has a market capitalization of $393.81 million, a P/E ratio of -13.11 and a beta of 0.33.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wall Street Zen lowered Lesaka Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Weiss Ratings cut Lesaka Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, September 2nd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce”.

Hedge Funds Weigh In On Lesaka Technologies

Several institutional investors have recently added to or reduced their stakes in LSAK. Barclays PLC lifted its position in Lesaka Technologies by 13,359.8% during the 4th quarter. Barclays PLC now owns 141,866 shares of the company’s stock worth $677,000 after acquiring an additional 140,812 shares during the period. Citadel Advisors LLC lifted its holdings in shares of Lesaka Technologies by 26.4% during the third quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock worth $79,000 after purchasing an additional 3,959 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in Lesaka Technologies in the 3rd quarter valued at $74,000. Institutional investors and hedge funds own 24.19% of the company’s stock.

About Lesaka Technologies

Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa. The company also engages in the sale of POS devices, SIM cards, and other consumables; and license of rights to use certain technology developed by the company, as well as offers related technology services.