Net 1 Ueps Technolog (UEPS) Announces Quarterly Results
Net 1 Ueps Technolog (NASDAQ:UEPS) released its earnings data on Thursday. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.58, Stock Ratings Network.com reports. The company had revenue of $182.75 million for the quarter, compared to the consensus estimate of $142.31 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 55.0% on a year-over-year basis. Net 1 Ueps Technolog updated its FY15 guidance to at least $1.92 EPS.
Shares of Net 1 Ueps Technolog (NASDAQ:UEPS) traded up 4.19% during mid-day trading on Thursday, hitting $11.70. The stock had a trading volume of 327,039 shares. Net 1 Ueps Technolog has a one year low of $7.03 and a one year high of $13.00. The stock has a 50-day moving average of $10.94 and a 200-day moving average of $10.44. The company has a market cap of $531.1 million and a price-to-earnings ratio of 10.42.
On a related note, analysts at Zacks downgraded shares of Net 1 Ueps Technolog from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $12.70 price target on the stock.
Net 1 UEPS Technologies, Inc (NASDAQ:UEPS) provides a smart-card based alternative payment system for the unbanked and underbanked populations of developing economies.
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