Sapiens International (SPNS) Set to Announce Quarterly Earnings on Monday

Sapiens International (NASDAQ:SPNS) is scheduled to post its quarterly earnings results before the market opens on Monday, November 11th. Analysts expect Sapiens International to post earnings of $0.36 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $136.80 million during the quarter, compared to analysts’ expectations of $137.78 million. Sapiens International had a return on equity of 17.60% and a net margin of 12.92%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $0.31 earnings per share. 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 Stock Up 0.4 %

SPNS stock opened at $37.01 on Monday. Sapiens International has a 1-year low of $24.39 and a 1-year high of $41.22. The business’s 50 day simple moving average is $36.26 and its 200 day simple moving average is $35.18. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.06 billion, a PE ratio of 30.34 and a beta of 1.25.

Sapiens International Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 12th. Shareholders of record on Wednesday, August 28th were issued a $0.29 dividend. This is an increase from Sapiens International’s previous Semi-Annual dividend of $0.28. This represents a dividend yield of 1.6%. The ex-dividend date was Wednesday, August 28th. Sapiens International’s payout ratio is currently 47.54%.

Analysts Set New Price Targets

Several equities analysts have recently commented on SPNS shares. StockNews.com downgraded Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 26th. Barclays lifted their price objective on shares of Sapiens International from $30.00 to $38.00 and gave the stock an “underweight” rating in a research note on Friday, August 2nd. Needham & Company LLC increased their target price on shares of Sapiens International from $38.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group boosted their price target on Sapiens International from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, August 2nd.

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.