Lesaka Technologies (NASDAQ:LSAK) Issues Quarterly Earnings Results

Posted by Stacy Sanders on Sep 13th, 2024

Lesaka Technologies (NASDAQ:LSAK – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02), Yahoo Finance reports. The business had revenue of $146.05 million for the quarter, compared to analysts’ expectations of $149.30 million. Lesaka Technologies had a negative return on equity of 9.89% and a negative net margin of 3.09%. During the same quarter in the previous year, the firm posted ($0.19) EPS. Lesaka Technologies updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Lesaka Technologies Trading Down 5.2 %

Shares of Lesaka Technologies stock opened at $4.74 on Friday. The firm’s 50 day simple moving average is $4.76 and its two-hundred day simple moving average is $4.45. Lesaka Technologies has a 12-month low of $3.00 and a 12-month high of $5.33. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.41 and a current ratio of 1.60.

Insider Transactions at Lesaka Technologies

In other Lesaka Technologies news, Director Christopher G.B. Meyer sold 71,479 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $4.63, for a total transaction of $330,947.77. Following the sale, the director now owns 675,868 shares in the company, valued at approximately $3,129,268.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 106,217 shares of company stock worth $496,322. Company insiders own 4.37% of the company’s stock.

Lesaka Technologies Company Profile

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Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa.