Net 1 UEPS Technologies Inc (NASDAQ:UEPS) – Equities researchers at B. Riley dropped their Q3 2020 earnings per share (EPS) estimates for Net 1 UEPS Technologies in a research report issued on Monday, February 10th. B. Riley analyst S. Buck now expects that the business services provider will post earnings of ($0.13) per share for the quarter, down from their previous forecast of ($0.02). B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Net 1 UEPS Technologies’ Q4 2020 earnings at ($0.09) EPS, FY2020 earnings at ($0.48) EPS, Q1 2021 earnings at ($0.07) EPS, Q2 2021 earnings at ($0.06) EPS, Q3 2021 earnings at ($0.02) EPS, Q4 2021 earnings at ($0.03) EPS and FY2021 earnings at ($0.18) EPS.
Net 1 UEPS Technologies (NASDAQ:UEPS) last posted its earnings results on Thursday, February 6th. The business services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.07). The firm had revenue of $74.10 million during the quarter, compared to the consensus estimate of $72.34 million. Net 1 UEPS Technologies had a negative net margin of 66.89% and a negative return on equity of 42.51%. Net 1 UEPS Technologies’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.88) earnings per share.
Net 1 UEPS Technologies stock opened at $4.16 on Thursday. The company has a market capitalization of $235.32 million, a PE ratio of -1.13 and a beta of 0.80. Net 1 UEPS Technologies has a 12 month low of $2.84 and a 12 month high of $4.45. The stock has a 50-day moving average price of $3.85 and a two-hundred day moving average price of $3.49.
Several hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its stake in Net 1 UEPS Technologies by 52.1% during the third quarter. Public Employees Retirement System of Ohio now owns 8,856 shares of the business services provider’s stock worth $32,000 after purchasing an additional 3,033 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Net 1 UEPS Technologies during the second quarter worth approximately $83,000. Oxford Asset Management LLP acquired a new stake in Net 1 UEPS Technologies during the fourth quarter worth approximately $108,000. Assenagon Asset Management S.A. acquired a new stake in Net 1 UEPS Technologies during the fourth quarter worth approximately $134,000. Finally, Clear Harbor Asset Management LLC grew its stake in Net 1 UEPS Technologies by 159.6% during the fourth quarter. Clear Harbor Asset Management LLC now owns 61,000 shares of the business services provider’s stock worth $227,000 after purchasing an additional 37,500 shares during the period. 52.16% of the stock is owned by institutional investors.
About Net 1 UEPS Technologies
Net 1 UEPS Technologies, Inc provides transaction processing services, financial inclusion products and services, and secure payment technologies in South Africa, the Republic of Korea, and internationally. The company develops and markets transaction processing solutions, including smart card-based alternative payment systems for the unbanked and under-banked populations of developing economies and for mobile transaction channels.
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