Sapiens International Co. (SPNS) Expected to Post Earnings of $0.15 Per Share

Analysts forecast that Sapiens International Co. (NASDAQ:SPNS) will report $0.15 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Sapiens International’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.14. Sapiens International reported earnings per share of $0.13 during the same quarter last year, which suggests a positive year-over-year growth rate of 15.4%. The firm is scheduled to report its next quarterly earnings results on Monday, May 6th.

On average, analysts expect that Sapiens International will report full year earnings of $0.64 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.66. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Sapiens International.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings results on Tuesday, February 26th. The technology company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The business had revenue of $73.40 million during the quarter, compared to analysts’ expectations of $72.74 million. Sapiens International had a return on equity of 12.99% and a net margin of 4.76%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.12 earnings per share.

A number of analysts have commented on the company. Barclays restated a “hold” rating and issued a $14.50 price target on shares of Sapiens International in a research report on Wednesday, February 27th. Zacks Investment Research cut Sapiens International from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Sapiens International currently has an average rating of “Buy” and an average target price of $14.50.

Large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Sapiens International by 64.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,012 shares of the technology company’s stock worth $44,000 after purchasing an additional 1,574 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Sapiens International during the fourth quarter worth about $52,000. 1492 Capital Management LLC purchased a new stake in shares of Sapiens International during the fourth quarter worth about $159,000. Altshuler Shaham Ltd purchased a new stake in shares of Sapiens International during the fourth quarter worth about $246,000. Finally, Monarch Partners Asset Management LLC purchased a new stake in shares of Sapiens International during the fourth quarter worth about $265,000. Hedge funds and other institutional investors own 0.03% of the company’s stock.

SPNS traded down $0.10 during midday trading on Friday, reaching $14.89. The company had a trading volume of 89,736 shares, compared to its average volume of 70,323. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.60 and a current ratio of 1.60. Sapiens International has a 1 year low of $8.37 and a 1 year high of $16.10.

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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