Wall Street brokerages expect Sapiens International Corporation N.V. (NASDAQ:SPNS) to report earnings of $0.03 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Sapiens International Corporation N.V.’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.03. Sapiens International Corporation N.V. posted earnings of $0.12 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 75%. The firm is scheduled to announce its next quarterly earnings results on Thursday, August 3rd.
On average, analysts expect that Sapiens International Corporation N.V. will report full-year earnings of $0.30 per share for the current financial year. For the next financial year, analysts forecast that the company will report earnings of $0.51 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Sapiens International Corporation N.V..
Sapiens International Corporation N.V. (NASDAQ:SPNS) last released its earnings results on Monday, May 15th. The technology company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.06. The firm had revenue of $56.50 million during the quarter, compared to analysts’ expectations of $56.84 million. Sapiens International Corporation N.V. had a net margin of 5.48% and a return on equity of 9.11%. The business’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 EPS.
A number of equities research analysts recently weighed in on the company. ValuEngine upgraded Sapiens International Corporation N.V. from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. William Blair restated an “outperform” rating on shares of Sapiens International Corporation N.V. in a report on Monday, May 15th. Barclays PLC restated a “buy” rating on shares of Sapiens International Corporation N.V. in a report on Friday, March 3rd. Needham & Company LLC upped their price target on Sapiens International Corporation N.V. from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, March 1st. Finally, Zacks Investment Research cut Sapiens International Corporation N.V. from a “hold” rating to a “sell” rating in a report on Saturday, March 11th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $15.50.
Sapiens International Corporation N.V. (NASDAQ SPNS) traded down 2.82% during trading on Friday, hitting $11.37. The stock had a trading volume of 352,864 shares. The stock’s 50 day moving average price is $12.42 and its 200 day moving average price is $13.51. The firm has a market cap of $557.66 million, a P/E ratio of 47.38 and a beta of 1.04. Sapiens International Corporation N.V. has a 12-month low of $11.12 and a 12-month high of $15.98.
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A number of large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of Sapiens International Corporation N.V. during the fourth quarter worth approximately $1,117,000. Bessemer Group Inc. boosted its stake in shares of Sapiens International Corporation N.V. by 60.3% in the fourth quarter. Bessemer Group Inc. now owns 23,400 shares of the technology company’s stock worth $336,000 after buying an additional 8,800 shares during the period. State Street Corp boosted its stake in shares of Sapiens International Corporation N.V. by 9.0% in the fourth quarter. State Street Corp now owns 349,537 shares of the technology company’s stock worth $5,011,000 after buying an additional 28,805 shares during the period. Congress Asset Management Co. MA bought a new stake in shares of Sapiens International Corporation N.V. during the fourth quarter worth approximately $498,000. Finally, Westwood Management Corp IL acquired a new position in shares of Sapiens International Corporation N.V. during the first quarter worth $129,000. Hedge funds and other institutional investors own 13.41% of the company’s stock.
Sapiens International Corporation N.V. Company Profile
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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