Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Releases Earnings Results

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) issued its earnings results on Monday. The company reported $3.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.24, FiscalAI reports. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.69 billion. Joint Stock Company Kaspi.kz had a return on equity of 40.69% and a net margin of 24.00%.

Joint Stock Company Kaspi.kz Stock Performance

NASDAQ KSPI opened at $91.68 on Monday. The stock has a market cap of $17.42 billion, a PE ratio of 8.35 and a beta of 1.07. Joint Stock Company Kaspi.kz has a twelve month low of $68.59 and a twelve month high of $109.94. The stock has a fifty day simple moving average of $96.11 and a 200-day simple moving average of $86.76.

Joint Stock Company Kaspi.kz Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, September 10th were issued a dividend of $2.1490 per share. The ex-dividend date was Thursday, September 10th. This is a boost from Joint Stock Company Kaspi.kz’s previous dividend of $1.7977. Joint Stock Company Kaspi.kz’s dividend payout ratio (DPR) is currently 78.14%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Zacks Research lowered shares of Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Wolfe Research lifted their target price on shares of Joint Stock Company Kaspi.kz from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Susquehanna boosted their target price on shares of Joint Stock Company Kaspi.kz from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings upgraded shares of Joint Stock Company Kaspi.kz from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $107.50.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz is a Kazakhstan-based technology and financial services company that operates a digital ecosystem through its Kaspi.kz super app. Its services connect consumers, merchants and financial institutions across everyday shopping and financial activities.

The company’s offerings include an online marketplace, digital payments and financial products such as consumer loans, deposits and merchant services. It also provides services such as travel booking through its platform.

Kaspi.kz serves customers and businesses primarily in Kazakhstan.