Net 1 UEPS Technologies (UEPS) Updates FY18 Earnings Guidance

Net 1 UEPS Technologies (NASDAQ:UEPS) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.61 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.63.

Net 1 UEPS Technologies (NASDAQ UEPS) traded down $0.14 during mid-day trading on Thursday, reaching $10.68. 756,517 shares of the company traded hands, compared to its average volume of 530,964. The firm has a market capitalization of $627.91, a P/E ratio of 8.68 and a beta of 0.67. Net 1 UEPS Technologies has a 1-year low of $8.87 and a 1-year high of $13.81. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.05.

Net 1 UEPS Technologies (NASDAQ:UEPS) last posted its quarterly earnings data on Thursday, November 9th. The business services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. The business had revenue of $152.56 million during the quarter, compared to the consensus estimate of $151.94 million. Net 1 UEPS Technologies had a net margin of 11.17% and a return on equity of 13.06%. sell-side analysts expect that Net 1 UEPS Technologies will post 1.58 EPS for the current fiscal year.

UEPS has been the subject of several research analyst reports. ValuEngine raised shares of Net 1 UEPS Technologies from a buy rating to a strong-buy rating in a report on Wednesday, November 22nd. TheStreet downgraded shares of Net 1 UEPS Technologies from a b- rating to a c+ rating in a report on Thursday, October 19th. Sidoti initiated coverage on shares of Net 1 UEPS Technologies in a report on Monday, November 20th. They issued a buy rating for the company. BidaskClub raised shares of Net 1 UEPS Technologies from a sell rating to a hold rating in a report on Saturday, December 30th. Finally, Zacks Investment Research downgraded shares of Net 1 UEPS Technologies from a strong-buy rating to a hold rating in a report on Saturday, January 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $11.00.

In other Net 1 UEPS Technologies news, Director Paul Edwards sold 9,000 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $11.36, for a total value of $102,240.00. Following the completion of the sale, the director now directly owns 10,822 shares of the company’s stock, valued at approximately $122,937.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alasdair Jonathan Kemsley Pein sold 6,500 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $11.01, for a total transaction of $71,565.00. Following the completion of the sale, the director now directly owns 29,061 shares of the company’s stock, valued at $319,961.61. The disclosure for this sale can be found here. 3.18% of the stock is currently owned by corporate insiders.

An institutional investor recently raised its position in Net 1 UEPS Technologies stock. State Street Corp raised its holdings in Net 1 UEPS Technologies Inc (NASDAQ:UEPS) by 16.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,463 shares of the business services provider’s stock after acquiring an additional 13,810 shares during the quarter. State Street Corp owned 0.17% of Net 1 UEPS Technologies worth $961,000 as of its most recent filing with the Securities and Exchange Commission. 55.94% of the stock is currently owned by hedge funds and other institutional investors.

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Net 1 UEPS Technologies Company Profile

Net 1 UEPS Technologies, Inc is a provider of payment solutions, transaction processing services and financial technology across multiple industries. The Company develops and markets a transaction processing solution that encompasses its smart card-based alternative payment system for the unbanked and under-banked populations of developing economies and for mobile transaction channels.

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