Wall Street brokerages expect that Sapiens International Co. (NASDAQ:SPNS) will post $0.14 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Sapiens International’s earnings. The lowest EPS estimate is $0.13 and the highest is $0.16. Sapiens International reported earnings of $0.12 per share in the same quarter last year, which would suggest a positive year over year growth rate of 16.7%. The firm is expected to report its next earnings report on Thursday, March 14th.
On average, analysts expect that Sapiens International will report full-year earnings of $0.55 per share for the current year, with EPS estimates ranging from $0.54 to $0.56. For the next financial year, analysts forecast that the business will post earnings of $0.59 per share, with EPS estimates ranging from $0.56 to $0.62. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Sapiens International.
Sapiens International (NASDAQ:SPNS) last released its earnings results on Wednesday, November 7th. The technology company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. The company had revenue of $73.24 million during the quarter, compared to the consensus estimate of $72.12 million. Sapiens International had a return on equity of 12.05% and a net margin of 4.59%. Sapiens International’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
A number of equities analysts have commented on SPNS shares. Zacks Investment Research cut Sapiens International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. Barclays reaffirmed a “hold” rating on shares of Sapiens International in a research note on Thursday, November 8th. BidaskClub raised Sapiens International from a “hold” rating to a “buy” rating in a research note on Saturday, August 25th. Cowen reaffirmed a “buy” rating on shares of Sapiens International in a research note on Friday, November 9th. Finally, TheStreet raised Sapiens International from a “c” rating to a “b” rating in a research note on Thursday, November 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $13.50.
A number of institutional investors have recently made changes to their positions in SPNS. Northern Trust Corp increased its stake in shares of Sapiens International by 31.9% during the second quarter. Northern Trust Corp now owns 22,472 shares of the technology company’s stock valued at $220,000 after buying an additional 5,441 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Sapiens International during the third quarter valued at approximately $266,000. Ramsey Quantitative Systems increased its stake in shares of Sapiens International by 398.3% during the third quarter. Ramsey Quantitative Systems now owns 20,191 shares of the technology company’s stock valued at $267,000 after buying an additional 16,139 shares during the period. Segall Bryant & Hamill LLC purchased a new position in shares of Sapiens International during the second quarter valued at approximately $299,000. Finally, ARK Investment Management LLC increased its stake in shares of Sapiens International by 28.7% during the second quarter. ARK Investment Management LLC now owns 61,856 shares of the technology company’s stock valued at $604,000 after buying an additional 13,788 shares during the period. 2.14% of the stock is currently owned by institutional investors and hedge funds.
Shares of Sapiens International stock opened at $11.90 on Monday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.34. Sapiens International has a one year low of $8.01 and a one year high of $14.46.
Sapiens International Company Profile
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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