Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Posts Earnings Results, Misses Expectations By $0.31 EPS

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) announced its quarterly earnings results on Tuesday. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.31), reports. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.34 billion.

Joint Stock Company Kaspi.kz Trading Down 0.9 %

Shares of NASDAQ:KSPI traded down $0.96 during midday trading on Friday, hitting $109.18. The company’s stock had a trading volume of 163,735 shares, compared to its average volume of 320,747. Joint Stock Company Kaspi.kz has a 12-month low of $85.02 and a 12-month high of $143.72. The business’s 50 day simple moving average is $113.80 and its 200 day simple moving average is $121.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96.

Joint Stock Company Kaspi.kz Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, November 20th were issued a dividend of $1.7565 per share. The ex-dividend date of this dividend was Wednesday, November 20th.

Institutional Trading of Joint Stock Company Kaspi.kz

Hedge funds have recently bought and sold shares of the business. ANTIPODES PARTNERS Ltd purchased a new stake in Joint Stock Company Kaspi.kz in the 1st quarter valued at $128,000. Driehaus Capital Management LLC increased its position in Joint Stock Company Kaspi.kz by 6.8% during the second quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company’s stock worth $2,840,000 after purchasing an additional 1,400 shares during the last quarter. Renaissance Capital LLC raised its stake in Joint Stock Company Kaspi.kz by 36.5% during the second quarter. Renaissance Capital LLC now owns 10,230 shares of the company’s stock worth $1,320,000 after purchasing an additional 2,738 shares during the period. Russell Investments Group Ltd. acquired a new position in Joint Stock Company Kaspi.kz in the 1st quarter valued at about $19,063,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Joint Stock Company Kaspi.kz in the 1st quarter valued at approximately $64,051,000. Institutional investors and hedge funds own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their price objective on Joint Stock Company Kaspi.kz from $159.00 to $183.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants.