Brokerages expect Sapiens International Co. (NASDAQ:SPNS) to report $73.85 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Sapiens International’s earnings. The highest sales estimate is $74.50 million and the lowest is $73.19 million. Sapiens International posted sales of $57.11 million in the same quarter last year, which suggests a positive year over year growth rate of 29.3%. The firm is expected to announce its next earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Sapiens International will report full year sales of $73.85 million for the current year, with estimates ranging from $270.78 million to $274.00 million. For the next financial year, analysts anticipate that the firm will report sales of $304.56 million per share, with estimates ranging from $300.20 million to $308.92 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Sapiens International.

SPNS has been the topic of a number of research analyst reports. ValuEngine upgraded shares of Sapiens International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Cowen initiated coverage on shares of Sapiens International in a research report on Wednesday, September 6th. They issued an “outperform” rating and a $14.00 price target on the stock. Zacks Investment Research upgraded shares of Sapiens International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, BidaskClub downgraded shares of Sapiens International from a “sell” rating to a “strong sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $15.00.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Airain ltd purchased a new position in Sapiens International during the second quarter valued at $123,000. BlueCrest Capital Management Ltd purchased a new position in Sapiens International during the second quarter valued at $178,000. Jane Street Group LLC grew its stake in Sapiens International by 58.5% during the third quarter. Jane Street Group LLC now owns 25,690 shares of the technology company’s stock valued at $339,000 after acquiring an additional 9,485 shares in the last quarter. Menora Mivtachim Holdings LTD. purchased a new position in shares of Sapiens International in the 3rd quarter worth $402,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Sapiens International in the 2nd quarter worth $358,000. 9.19% of the stock is owned by institutional investors.

Sapiens International (NASDAQ SPNS) opened at $11.72 on Thursday. The firm has a market cap of $566.96, a P/E ratio of 42.67, a P/E/G ratio of 7.94 and a beta of 1.13. Sapiens International has a 52-week low of $10.57 and a 52-week high of $15.46. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.39.

The company also recently disclosed an annual dividend, which will be paid on Thursday, December 14th. Stockholders of record on Monday, December 4th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 1st. This is a boost from Sapiens International’s previous annual dividend of $0.15. Sapiens International’s dividend payout ratio is 1,000.50%.

COPYRIGHT VIOLATION WARNING: This piece was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/12/14/73-85-million-in-sales-expected-for-sapiens-international-co-spns-this-quarter.html.

About Sapiens International

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.

Get a free copy of the Zacks research report on Sapiens International (SPNS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Sapiens International (NASDAQ:SPNS)

Receive News & Ratings for Sapiens International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sapiens International and related companies with MarketBeat.com's FREE daily email newsletter.