Equities research analysts predict that Sapiens International Co. (NASDAQ:SPNS) will report $75.43 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Sapiens International’s earnings, with the highest sales estimate coming in at $75.55 million and the lowest estimate coming in at $75.30 million. Sapiens International reported sales of $71.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.2%. The business is expected to issue its next earnings results on Monday, May 6th.
According to Zacks, analysts expect that Sapiens International will report full year sales of $317.67 million for the current year, with estimates ranging from $317.23 million to $318.10 million. For the next fiscal year, analysts forecast that the business will post sales of $0.00. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Sapiens International.
Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings results on Tuesday, February 26th. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $73.40 million for the quarter, compared to analyst estimates of $72.74 million. Sapiens International had a return on equity of 12.99% and a net margin of 4.76%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 earnings per share.
A number of hedge funds and other institutional investors have recently made changes to their positions in SPNS. American Century Companies Inc. increased its position in Sapiens International by 69.5% during the fourth quarter. American Century Companies Inc. now owns 803,212 shares of the technology company’s stock worth $8,859,000 after buying an additional 329,448 shares during the last quarter. Jane Street Group LLC increased its position in Sapiens International by 162.9% during the fourth quarter. Jane Street Group LLC now owns 144,189 shares of the technology company’s stock worth $1,590,000 after buying an additional 89,335 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Sapiens International by 78.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 124,406 shares of the technology company’s stock worth $1,372,000 after buying an additional 54,875 shares during the last quarter. ETF Managers Group LLC acquired a new position in shares of Sapiens International in the fourth quarter valued at approximately $350,000. Finally, Renaissance Technologies LLC grew its position in shares of Sapiens International by 6.5% in the third quarter. Renaissance Technologies LLC now owns 414,400 shares of the technology company’s stock valued at $5,474,000 after purchasing an additional 25,300 shares during the last quarter. 0.03% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sapiens International stock opened at $15.28 on Friday. The stock has a market capitalization of $760.64 million and a PE ratio of 28.83. Sapiens International has a one year low of $8.01 and a one year high of $16.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.41 and a current ratio of 1.59.
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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