Research Analysts Set Expectations for LSAK FY2027 Earnings

Lesaka Technologies, Inc. (NASDAQ:LSAK) – Litchfield Hills Research dropped their FY2027 earnings per share (EPS) estimates for shares of Lesaka Technologies in a research report issued to clients and investors on Tuesday, September 15th. Litchfield Hills Research analyst T. O’neill now anticipates that the company will post earnings of $0.21 per share for the year, down from their previous forecast of $0.25. The consensus estimate for Lesaka Technologies’ current full-year earnings is $0.25 per share.

Lesaka Technologies (NASDAQ:LSAK) last posted its earnings results on Saturday, August 15th. The company reported $0.15 earnings per share (EPS) for the quarter. Lesaka Technologies had a net margin of 0.43% and a return on equity of 1.65%. The firm had revenue of $98.50 million during the quarter.

A number of other equities analysts also recently commented on LSAK. Wall Street Zen downgraded shares of Lesaka Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Weiss Ratings raised shares of Lesaka Technologies from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $7.56 price objective on shares of Lesaka Technologies in a research report on Monday. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.56.

Lesaka Technologies Price Performance

LSAK opened at $4.24 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.59 and a debt-to-equity ratio of 0.95. Lesaka Technologies has a 52-week low of $3.62 and a 52-week high of $5.54. The company has a 50 day moving average of $4.62 and a two-hundred day moving average of $4.78. The company has a market cap of $363.88 million, a P/E ratio of 106.03 and a beta of 0.33.

Hedge Funds Weigh In On Lesaka Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. AXQ Capital LP purchased a new stake in shares of Lesaka Technologies during the second quarter worth about $60,000. Renaissance Technologies LLC grew its holdings in Lesaka Technologies by 16.6% during the 1st quarter. Renaissance Technologies LLC now owns 185,900 shares of the company’s stock worth $946,000 after acquiring an additional 26,500 shares in the last quarter. 9823 Capital L.P. acquired a new position in Lesaka Technologies during the 4th quarter worth $94,000. Potomac Capital Management Inc. bought a new stake in shares of Lesaka Technologies in the 4th quarter worth about $4,766,000. Finally, Rathbones Group PLC raised its stake in shares of Lesaka Technologies by 6.6% in the 4th quarter. Rathbones Group PLC now owns 3,644,420 shares of the company’s stock valued at $17,384,000 after purchasing an additional 225,000 shares in the last quarter. Institutional investors and hedge funds own 24.19% of the company’s stock.

About Lesaka Technologies

Lesaka Technologies, Inc is a financial technology company that provides digital payments and financial services in Southern Africa. Formerly known as Net 1 UEPS Technologies, the company adopted the Lesaka name in 2022 as part of a broader focus on payments, banking, and related technology services.

Lesaka serves consumers, merchants, and businesses through services that include digital wallets, card and cash payments, money transfers, prepaid products, bill payment, banking services, and lending.