Analysts Anticipate Sapiens International Co. (SPNS) Will Announce Quarterly Sales of $72.57 Million

Equities analysts expect Sapiens International Co. (NASDAQ:SPNS) to post sales of $72.57 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Sapiens International’s earnings. The lowest sales estimate is $71.94 million and the highest is $73.20 million. Sapiens International posted sales of $71.60 million during the same quarter last year, which suggests a positive year over year growth rate of 1.4%. The firm is expected to report its next earnings results on Thursday, March 14th.

According to Zacks, analysts expect that Sapiens International will report full-year sales of $288.97 million for the current year, with estimates ranging from $288.33 million to $289.60 million. For the next fiscal year, analysts forecast that the firm will post sales of $302.01 million, with estimates ranging from $300.91 million to $303.10 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Sapiens International.

Sapiens International (NASDAQ:SPNS) last issued its earnings results on Wednesday, November 7th. The technology company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The company had revenue of $73.24 million for the quarter, compared to analyst estimates of $72.12 million. Sapiens International had a net margin of 4.59% and a return on equity of 12.05%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS.

Several equities research analysts recently commented on SPNS shares. TheStreet upgraded shares of Sapiens International from a “c” rating to a “b” rating in a research report on Thursday, November 29th. Barclays reiterated a “hold” rating on shares of Sapiens International in a research report on Thursday, November 8th. Zacks Investment Research upgraded shares of Sapiens International from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Friday, November 16th. Cowen reiterated a “buy” rating on shares of Sapiens International in a research report on Friday, November 9th. Finally, BidaskClub upgraded shares of Sapiens International from a “hold” rating to a “buy” rating in a research report on Saturday, August 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $13.50.

Institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC purchased a new stake in shares of Sapiens International in the 3rd quarter worth about $266,000. Ramsey Quantitative Systems boosted its position in shares of Sapiens International by 398.3% in the 3rd quarter. Ramsey Quantitative Systems now owns 20,191 shares of the technology company’s stock worth $267,000 after buying an additional 16,139 shares in the last quarter. Northern Trust Corp raised its stake in Sapiens International by 31.9% in the 2nd quarter. Northern Trust Corp now owns 22,472 shares of the technology company’s stock valued at $220,000 after purchasing an additional 5,441 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in Sapiens International in the 2nd quarter valued at about $299,000. Finally, Jane Street Group LLC raised its stake in Sapiens International by 129.2% in the 3rd quarter. Jane Street Group LLC now owns 54,854 shares of the technology company’s stock valued at $725,000 after purchasing an additional 30,917 shares during the last quarter. Institutional investors and hedge funds own 2.14% of the company’s stock.

Shares of NASDAQ SPNS opened at $11.86 on Wednesday. Sapiens International has a one year low of $8.01 and a one year high of $14.46. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.41 and a current ratio of 1.41.

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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