Net 1 UEPS Technologies (UEPS) Releases 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 (EPS) guidance of $1.61 for the period, compared to the Thomson Reuters consensus estimate of $1.63.
Net 1 UEPS Technologies (UEPS) opened at $9.86 on Friday. 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 has a 52 week low of $8.87 and a 52 week high of $13.81. The company has a market capitalization of $606.97, a P/E ratio of 6.76 and a beta of 0.67.
Net 1 UEPS Technologies (NASDAQ:UEPS) last issued its earnings results on Thursday, November 9th. The business services provider reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.07. The company had revenue of $152.56 million during the quarter, compared to the consensus estimate of $151.94 million. Net 1 UEPS Technologies had a return on equity of 12.60% and a net margin of 9.73%. equities research analysts predict that Net 1 UEPS Technologies will post 1.58 EPS for the current year.
In other Net 1 UEPS Technologies news, Director Alasdair Jonathan Kemsley Pein sold 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $11.01, for a total value of $71,565.00. Following the completion of the sale, the director now directly owns 29,061 shares in the company, valued at $319,961.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Edwards sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was 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 owns 10,822 shares of the company’s stock, valued at $122,937.92. The disclosure for this sale can be found here. Insiders own 3.18% of the company’s stock.
An institutional investor recently raised its position in Net 1 UEPS Technologies stock. Vanguard Group Inc. boosted its position in Net 1 UEPS Technologies Inc (NASDAQ:UEPS) by 6.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 160,544 shares of the business services provider’s stock after purchasing an additional 10,424 shares during the period. Vanguard Group Inc. owned approximately 0.28% of Net 1 UEPS Technologies worth $1,584,000 as of its most recent SEC filing. 55.94% of the stock is owned by institutional investors.
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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