Sapiens International Co. (NASDAQ:SPNS) Expected to Announce Quarterly Sales of $117.62 Million

Analysts expect Sapiens International Co. (NASDAQ:SPNS) to post sales of $117.62 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Sapiens International’s earnings, with estimates ranging from $117.17 million to $118.50 million. Sapiens International reported sales of $97.65 million in the same quarter last year, which indicates a positive year-over-year growth rate of 20.5%. The company is scheduled to report its next quarterly earnings report on Thursday, November 4th.

According to Zacks, analysts expect that Sapiens International will report full-year sales of $463.67 million for the current year, with estimates ranging from $463.00 million to $464.40 million. For the next year, analysts expect that the business will post sales of $509.56 million, with estimates ranging from $504.90 million to $513.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Sapiens International.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings data on Tuesday, August 3rd. The technology company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.03. Sapiens International had a return on equity of 15.60% and a net margin of 8.95%. The business had revenue of $115.00 million during the quarter, compared to analyst estimates of $112.50 million. During the same quarter last year, the business posted $0.26 EPS. The company’s revenue was up 23.5% on a year-over-year basis.

SPNS has been the topic of several recent research reports. The Goldman Sachs Group cut Sapiens International from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $34.00 to $27.00 in a report on Thursday, June 3rd. JPMorgan Chase & Co. lowered shares of Sapiens International from an “overweight” rating to a “neutral” rating and set a $35.00 price target on the stock. in a research report on Tuesday, July 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $33.83.

A number of hedge funds and other institutional investors have recently bought and sold shares of SPNS. BlackRock Inc. boosted its position in Sapiens International by 7.1% during the second quarter. BlackRock Inc. now owns 1,425,323 shares of the technology company’s stock worth $37,443,000 after acquiring an additional 94,876 shares during the last quarter. Renaissance Technologies LLC increased its stake in Sapiens International by 16.5% during the 2nd quarter. Renaissance Technologies LLC now owns 838,103 shares of the technology company’s stock worth $22,017,000 after buying an additional 119,000 shares during the period. Vanguard Group Inc. increased its stake in Sapiens International by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 826,955 shares of the technology company’s stock worth $21,724,000 after buying an additional 2,706 shares during the period. Dimensional Fund Advisors LP grew its holdings in Sapiens International by 14.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 450,556 shares of the technology company’s stock worth $11,837,000 after acquiring an additional 58,119 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Sapiens International by 1.7% during the 1st quarter. Royal Bank of Canada now owns 376,953 shares of the technology company’s stock worth $11,983,000 after acquiring an additional 6,364 shares in the last quarter. 25.04% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:SPNS opened at $29.69 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.21. Sapiens International has a 52 week low of $24.30 and a 52 week high of $35.85. The stock has a market capitalization of $1.63 billion, a PE ratio of 42.17 and a beta of 1.39. The stock’s 50-day moving average price is $27.46 and its 200-day moving average price is $28.86.

About Sapiens International

Sapiens International Corp. NV provides software solutions for the insurance industry. It offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company was founded by Joseph Bolless and Ron Zuckerman in 1982 and is headquartered in Holon, Israel.

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