Lesaka Technologies (NASDAQ:LSAK) Releases Earnings Results, Beats Estimates By $0.01 EPS

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

Lesaka Technologies Stock Performance

LSAK traded down $0.48 during trading on Thursday, hitting $3.66. The stock had a trading volume of 234,274 shares, compared to its average volume of 134,979. The firm has a market capitalization of $313.99 million, a P/E ratio of 91.52 and a beta of 0.29. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.47 and a current ratio of 1.59. Lesaka Technologies has a twelve month low of $3.62 and a twelve month high of $5.54. The company’s 50-day moving average price is $4.35 and its 200 day moving average price is $4.67.

Wall Street Analysts Forecast Growth

LSAK has been the topic of several recent research reports. Jefferies Financial Group restated a “buy” rating and issued a $7.56 price target on shares of Lesaka Technologies in a research report on Monday, September 14th. Wall Street Zen raised Lesaka Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 19th. Finally, Weiss Ratings downgraded Lesaka Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.