Sapiens International Co. (NASDAQ:SPNS) Expected to Announce Quarterly Sales of $78.19 Million

Analysts expect Sapiens International Co. (NASDAQ:SPNS) to announce $78.19 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Sapiens International’s earnings. The lowest sales estimate is $77.68 million and the highest is $78.70 million. Sapiens International reported sales of $72.16 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.4%. The company is expected to issue its next earnings report on Tuesday, August 6th.

On average, analysts expect that Sapiens International will report full year sales of $319.39 million for the current financial year, with estimates ranging from $318.47 million to $320.30 million. For the next financial year, analysts expect that the business will post sales of $0.00. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Sapiens International.

Sapiens International (NASDAQ:SPNS) last released its earnings results on Monday, May 6th. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. Sapiens International had a net margin of 5.45% and a return on equity of 14.01%. The business had revenue of $76.79 million during the quarter, compared to analyst estimates of $75.69 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on SPNS shares. Barclays reaffirmed a “hold” rating and set a $14.50 target price on shares of Sapiens International in a report on Wednesday, February 27th. Zacks Investment Research raised shares of Sapiens International from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Saturday, March 2nd. Finally, BidaskClub lowered shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $15.17.

Shares of Sapiens International stock traded up $0.02 during trading hours on Friday, reaching $16.15. 100,300 shares of the company’s stock were exchanged, compared to its average volume of 97,595. Sapiens International has a 1 year low of $9.53 and a 1 year high of $17.41. The firm has a market capitalization of $817.89 million and a price-to-earnings ratio of 30.47. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.42.

Hedge funds have recently made changes to their positions in the company. ETF Managers Group LLC acquired a new position in shares of Sapiens International during the 4th quarter valued at about $350,000. Acadian Asset Management LLC boosted its position in shares of Sapiens International by 96.8% during the 4th quarter. Acadian Asset Management LLC now owns 39,526 shares of the technology company’s stock valued at $435,000 after acquiring an additional 19,446 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in shares of Sapiens International during the 4th quarter valued at about $246,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Sapiens International by 64.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,012 shares of the technology company’s stock valued at $44,000 after acquiring an additional 1,574 shares during the last quarter. Finally, Ramsey Quantitative Systems boosted its position in shares of Sapiens International by 64.7% during the 4th quarter. Ramsey Quantitative Systems now owns 33,260 shares of the technology company’s stock valued at $367,000 after acquiring an additional 13,069 shares during the last quarter.

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 personal, commercial, and specialty lines, as well as reinsurance and workers' compensation, including Sapiens CoreSuite and Sapiens IDITSuite; and life, pension, and annuities, such as Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster.

Featured Story: Fundamental Analysis and Choosing Stocks

Get a free copy of the Zacks research report on Sapiens International (SPNS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Sapiens International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sapiens International and related companies with MarketBeat.com's FREE daily email newsletter.