Brokerages expect Sapiens International Co. (NASDAQ:SPNS) to report $70.63 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Sapiens International’s earnings. The highest sales estimate is $71.20 million and the lowest is $70.06 million. Sapiens International posted sales of $69.05 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.3%. The firm is scheduled to issue its next quarterly earnings report on Monday, August 6th.
According to Zacks, analysts expect that Sapiens International will report full-year sales of $284.81 million for the current year, with estimates ranging from $284.61 million to $285.00 million. For the next fiscal year, analysts anticipate that the company will report sales of $299.20 million per share. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Sapiens International.
Sapiens International (NASDAQ:SPNS) last posted its earnings results on Thursday, March 8th. The technology company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $72.40 million during the quarter, compared to analyst estimates of $72.09 million. Sapiens International had a net margin of 1.90% and a return on equity of 9.22%. Sapiens International’s revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS.
SPNS has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Sapiens International from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Thursday, April 26th. Barclays lowered shares of Sapiens International from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 16th. BidaskClub raised shares of Sapiens International from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, William Blair lowered shares of Sapiens International from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Sapiens International currently has a consensus rating of “Hold” and an average price target of $12.50.
Sapiens International stock traded up $0.09 during midday trading on Thursday, reaching $9.27. 3,038 shares of the stock traded hands, compared to its average volume of 18,192. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $461.45 million, a price-to-earnings ratio of 24.39, a PEG ratio of 3.99 and a beta of 1.20. Sapiens International has a fifty-two week low of $8.01 and a fifty-two week high of $14.30.
Several large investors have recently modified their holdings of SPNS. Dimensional Fund Advisors LP lifted its stake in shares of Sapiens International by 23.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 39,359 shares of the technology company’s stock worth $520,000 after acquiring an additional 7,400 shares during the period. ARK Investment Management LLC acquired a new stake in shares of Sapiens International in the 4th quarter worth approximately $213,000. Kingfisher Capital LLC acquired a new stake in shares of Sapiens International in the 4th quarter worth approximately $118,000. Meitav Dash Investments Ltd. acquired a new stake in shares of Sapiens International in the 4th quarter worth approximately $554,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Sapiens International by 135.1% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 803,583 shares of the technology company’s stock worth $6,855,000 after acquiring an additional 461,710 shares during the period. 10.36% of the stock is owned by institutional investors.
About Sapiens International
Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, Europe, the Asia Pacific, and South Africa. The company offers software platform and solutions for life, pension, and annuities, such as Sapiens ALIS, LifeSuite, Life Portraits, LifeApply, Sapiens INSIGHT, and Sapiens Closed Books; and personal, commercial and specialty lines, and workers' compensation comprising Sapiens IDIT, Adaptik Policy, Adaptik Billing, Stream Claim, Sapiens Stingray, PowerSuite, and CompSuite.
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