Sapiens International (SPNS) to Release Quarterly Earnings on Thursday

Sapiens International (NASDAQ:SPNS) is scheduled to be announcing its earnings results before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Sapiens International has set its FY 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Sapiens International (NASDAQ:SPNS) last announced its earnings results on Wednesday, May 8th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Sapiens International had a return on equity of 17.41% and a net margin of 12.52%. The company had revenue of $134.25 million for the quarter, compared to analysts’ expectations of $133.63 million. On average, analysts expect Sapiens International to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Sapiens International Price Performance

Shares of Sapiens International stock opened at $39.79 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.84 and a current ratio of 1.84. The stock’s fifty day moving average is $35.27 and its 200 day moving average is $32.06. The stock has a market cap of $2.19 billion, a P/E ratio of 33.80 and a beta of 1.22. Sapiens International has a one year low of $24.39 and a one year high of $41.22.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com cut Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Saturday. Needham & Company LLC reissued a “buy” rating and set a $38.00 price target on shares of Sapiens International in a report on Wednesday, May 8th.

About Sapiens International

Sapiens International Corporation N.V. provides software solutions for the insurance industry in North America, the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides various solutions for property and casualty commercial and personal lines, life and pensions, and reinsurance fields.