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Net 1 Ueps Technolog (NASDAQ:UEPS) issued an update on its FY15 earnings guidance on Thursday morning. The company provided EPS guidance of at least $1.92 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.62, American Banking News reports.

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 349,862 shares. Net 1 Ueps Technolog has a 52 week low of $7.03 and a 52 week high of $13.00. The stock’s 50-day moving average is $10.94 and its 200-day moving average is $10.44. The company has a market cap of $531.1 million and a P/E ratio of 10.42.

Net 1 Ueps Technolog (NASDAQ:UEPS) last announced its earnings results on Thursday, August 28th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.58. 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 previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 55.0% on a year-over-year basis. Analysts expect that Net 1 Ueps Technolog will post $1.56 EPS for the current fiscal year.

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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