Litchfield Hills Research Research Analysts Decrease Earnings Estimates for Lesaka Technologies, Inc. (NASDAQ:LSAK)

Lesaka Technologies, Inc. (NASDAQ:LSAK) – Analysts at Litchfield Hills Research cut their Q1 2024 earnings per share (EPS) estimates for Lesaka Technologies in a note issued to investors on Wednesday, November 1st. Litchfield Hills Research analyst T. O’neill now expects that the company will earn ($0.11) per share for the quarter, down from their prior forecast of ($0.08). The consensus estimate for Lesaka Technologies’ current full-year earnings is ($0.26) per share. Litchfield Hills Research also issued estimates for Lesaka Technologies’ Q2 2024 earnings at ($0.09) EPS, Q4 2024 earnings at ($0.05) EPS and FY2024 earnings at ($0.31) EPS.

Lesaka Technologies Stock Performance

LSAK opened at $4.20 on Friday. The company has a market capitalization of $258.38 million, a price-to-earnings ratio of -7.34 and a beta of 1.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.61 and a quick ratio of 1.34. Lesaka Technologies has a 1-year low of $3.20 and a 1-year high of $4.89. The business has a 50 day moving average price of $4.08 and a two-hundred day moving average price of $3.85.

Lesaka Technologies (NASDAQ:LSAK) last released its earnings results on Tuesday, September 12th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.09). The firm had revenue of $133.15 million during the quarter, compared to analyst estimates of $130.43 million. Lesaka Technologies had a negative return on equity of 17.52% and a negative net margin of 6.64%.

Institutional Investors Weigh In On Lesaka Technologies

A number of institutional investors and hedge funds have recently modified their holdings of LSAK. Morgan Stanley acquired a new stake in shares of Lesaka Technologies during the 4th quarter valued at $23,549,000. Deutsche Bank AG purchased a new stake in shares of Lesaka Technologies in the fourth quarter valued at $5,742,000. UBS Group AG acquired a new stake in shares of Lesaka Technologies in the fourth quarter worth $1,550,000. Hosking Partners LLP boosted its position in shares of Lesaka Technologies by 19.2% in the first quarter. Hosking Partners LLP now owns 1,293,939 shares of the company’s stock worth $6,211,000 after buying an additional 208,436 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Lesaka Technologies in the fourth quarter worth $619,000. Institutional investors and hedge funds own 24.14% of the company’s stock.

Lesaka Technologies Company Profile

Lesaka Technologies, Inc, a financial technology company, engages in the provision of fintech products and services to unbanked and underbanked individuals and small businesses primarily in South Africa and internationally. The company operates through three segments: Consumer, Merchant, and Other. It provides financial services, such as bank accounts, loans, and insurance products.