Analysts Anticipate Sapiens International Co. (NASDAQ:SPNS) to Post $0.29 Earnings Per Share

Brokerages expect that Sapiens International Co. (NASDAQ:SPNSGet Rating) will report earnings of $0.29 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Sapiens International’s earnings, with estimates ranging from $0.26 to $0.31. Sapiens International also posted earnings of $0.29 per share in the same quarter last year. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Sapiens International will report full year earnings of $1.19 per share for the current year, with EPS estimates ranging from $1.08 to $1.26. For the next year, analysts anticipate that the company will post earnings of $1.34 per share, with EPS estimates ranging from $1.31 to $1.38. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Sapiens International.

Sapiens International (NASDAQ:SPNSGet Rating) last released its earnings results on Tuesday, May 3rd. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. Sapiens International had a net margin of 10.93% and a return on equity of 16.14%. The company had revenue of $117.70 million for the quarter, compared to analyst estimates of $117.21 million. During the same period in the prior year, the business earned $0.25 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis.

Several research firms have recently commented on SPNS. StockNews.com upgraded shares of Sapiens International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 18th. Needham & Company LLC reduced their price objective on shares of Sapiens International from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, February 24th. Zacks Investment Research upgraded shares of Sapiens International from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Tuesday, May 10th. William Blair restated a “market perform” rating on shares of Sapiens International in a research report on Tuesday, May 3rd. Finally, Citigroup lowered their target price on shares of Sapiens International from $38.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, February 24th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.00.

NASDAQ SPNS opened at $23.93 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.92. The firm’s fifty day moving average price is $24.92 and its 200 day moving average price is $29.77. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 25.73 and a beta of 1.37. Sapiens International has a 12 month low of $22.16 and a 12 month high of $38.32.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Tuesday, May 17th will be issued a dividend of $0.352 per share. The ex-dividend date is Monday, May 16th. This represents a $1.41 annualized dividend and a yield of 5.88%. Sapiens International’s dividend payout ratio (DPR) is currently 151.61%.

Several institutional investors have recently bought and sold shares of SPNS. Phoenix Holdings Ltd. boosted its holdings in Sapiens International by 2.5% during the first quarter. Phoenix Holdings Ltd. now owns 1,504,971 shares of the technology company’s stock valued at $38,212,000 after purchasing an additional 36,989 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Sapiens International by 2.2% in the 4th quarter. BlackRock Inc. now owns 1,464,951 shares of the technology company’s stock worth $50,466,000 after acquiring an additional 31,948 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Sapiens International by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 993,460 shares of the technology company’s stock worth $25,224,000 after acquiring an additional 16,306 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Sapiens International by 16.5% in the 1st quarter. Renaissance Technologies LLC now owns 686,491 shares of the technology company’s stock worth $17,430,000 after acquiring an additional 96,988 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Sapiens International by 4.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 595,484 shares of the technology company’s stock worth $15,120,000 after acquiring an additional 23,839 shares in the last quarter. Institutional investors and hedge funds own 30.28% of the company’s stock.

About Sapiens International (Get Rating)

Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, the European Union, the United Kingdom, Israel, and internationally. The company offers Sapiens CoreSuite and Sapiens IDITSuite for personal, commercial, and specialty lines; and Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster for life, pension, and annuities.

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