$0.10 Earnings Per Share Expected for Sapiens International Co. (SPNS) This Quarter

Wall Street brokerages forecast that Sapiens International Co. (NASDAQ:SPNS) will post $0.10 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Sapiens International’s earnings. Sapiens International posted earnings of $0.02 per share in the same quarter last year, which would indicate a positive year over year growth rate of 400%. The company is scheduled to announce its next earnings report on Monday, May 21st.

On average, analysts expect that Sapiens International will report full-year earnings of $0.48 per share for the current year, with EPS estimates ranging from $0.46 to $0.50. For the next year, analysts anticipate that the firm will report earnings of $0.60 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Sapiens International.

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Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data on Thursday, March 8th. The technology company reported $0.11 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.11. The business had revenue of $72.40 million during the quarter, compared to the consensus estimate of $72.09 million. Sapiens International had a return on equity of 6.81% and a net margin of 0.13%. Sapiens International’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period last year, the company earned $0.12 earnings per share.

A number of research firms recently issued reports on SPNS. Zacks Investment Research downgraded Sapiens International from a “hold” rating to a “sell” rating in a report on Friday, January 5th. BidaskClub upgraded Sapiens International from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. William Blair reiterated an “outperform” rating on shares of Sapiens International in a report on Thursday, March 8th. Finally, Barclays downgraded Sapiens International from an “overweight” rating to an “equal weight” rating in a report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $15.00.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC boosted its position in Sapiens International by 58.5% during the third quarter. Jane Street Group LLC now owns 25,690 shares of the technology company’s stock valued at $339,000 after purchasing an additional 9,485 shares during the last quarter. Kingfisher Capital LLC acquired a new position in Sapiens International during the fourth quarter valued at approximately $118,000. Dimensional Fund Advisors LP acquired a new position in Sapiens International during the second quarter valued at approximately $358,000. ARK Investment Management LLC acquired a new position in Sapiens International during the fourth quarter valued at approximately $213,000. Finally, Meitav Dash Investments Ltd. acquired a new position in Sapiens International during the fourth quarter valued at approximately $554,000. 8.67% of the stock is owned by hedge funds and other institutional investors.

SPNS stock traded down $0.70 during trading hours on Friday, hitting $8.57. The company had a trading volume of 50,620 shares, compared to its average volume of 24,441. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.03 and a current ratio of 1.88. The company has a market capitalization of $456.23, a P/E ratio of 857.86, a PEG ratio of 4.26 and a beta of 1.18. Sapiens International has a fifty-two week low of $8.56 and a fifty-two week high of $14.30.

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About Sapiens International

Sapiens International Corporation N.V. (Sapiens) is a provider of software solutions for the insurance industry, with a focus on the financial services sector. The Company operates in provider of software solutions segment. Its software solutions portfolio consists of Life, Pension, Annuity and Retirement Solutions, including software solutions for the management of a range of products for life, pension, annuity and retirement; Property and Casualty/General Insurance Solutions, including a software suite of solutions, supporting a range of business lines, including personal, commercial and specialty lines, as well as a solution for the management of reinsurance contracts; Sapiens DECISION, which is a business decision management solution, and Technology-Based Solutions, such as Sapiens eMerge.

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