Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Announces Earnings Results

Key Points

• Kaspi.kz reported mixed quarterly results: EPS was $2.85, slightly below the $2.87 analyst consensus, while revenue of $2.32 billion modestly exceeded estimates of $2.31 billion. The company posted a 24.89% net margin and 43.80% return on equity.
• The company increased its dividend to $1.7978 per share from $1.76, with a current payout ratio of 64.30%.
• Analysts remain cautious, with one Buy rating and four Holds producing a consensus “Hold” rating and an average price target of $96.67. Institutional investors own 32.20% of the stock.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) released its quarterly earnings data on Monday. The company reported $2.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.87 by ($0.02), FiscalAI reports. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion. Joint Stock Company Kaspi.kz had a net margin of 24.89% and a return on equity of 43.80%.

Joint Stock Company Kaspi.kz Stock Performance

NASDAQ:KSPI opened at $90.30 on Monday. Joint Stock Company Kaspi.kz has a 1 year low of $68.59 and a 1 year high of $99.20. The stock has a market cap of $17.16 billion, a price-to-earnings ratio of 8.33 and a beta of 0.97. The business has a fifty day moving average of $86.69 and a 200-day moving average of $81.78.

Joint Stock Company Kaspi.kz Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, June 12th were given a dividend of $1.7978 per share. This is a boost from Joint Stock Company Kaspi.kz's previous dividend of $1.76. The ex-dividend date was Friday, June 12th. Joint Stock Company Kaspi.kz's payout ratio is presently 64.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Joint Stock Company Kaspi.kz in a research note on Friday. Zacks Research lowered shares of Joint Stock Company Kaspi.kz from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $96.67.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Several institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC increased its stake in Joint Stock Company Kaspi.kz by 15.3% during the 4th quarter. Advisory Services Network LLC now owns 3,787 shares of the company's stock valued at $296,000 after buying an additional 502 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Joint Stock Company Kaspi.kz by 16.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 167,125 shares of the company's stock worth $13,057,000 after buying an additional 23,500 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Joint Stock Company Kaspi.kz by 21.4% in the 4th quarter. Russell Investments Group Ltd. now owns 186,320 shares of the company's stock worth $14,557,000 after acquiring an additional 32,820 shares during the period. North of South Capital LLP acquired a new stake in shares of Joint Stock Company Kaspi.kz in the 4th quarter worth approximately $1,425,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Joint Stock Company Kaspi.kz by 1,518.9% in the third quarter. Ameriprise Financial Inc. now owns 869,201 shares of the company's stock valued at $70,996,000 after acquiring an additional 815,509 shares in the last quarter. Institutional investors and hedge funds own 32.20% of the company's stock.

Joint Stock Company Kaspi.kz Company Profile

Joint Stock Company Kaspi.kz is a leading financial technology and e-commerce group headquartered in Almaty, Kazakhstan. The company has built one of the country’s largest digital ecosystems, offering a suite of integrated services that span consumer banking, payments, online marketplaces and merchant acquiring. Through its mobile and web platforms, Kaspi.kz aims to simplify everyday financial and shopping activities for individuals and businesses across Kazakhstan.

The company’s core offerings include digital banking solutions such as deposit accounts, digital wallets and money transfers, alongside consumer lending products that enable point-of-sale financing and “buy now, pay later” purchases.

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