Equities analysts expect Sapiens International Co. (NASDAQ:SPNS) to post $73.85 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Sapiens International’s earnings, with the lowest sales estimate coming in at $73.19 million and the highest estimate coming in at $74.50 million. Sapiens International posted sales of $57.11 million during the same quarter last year, which suggests a positive year over year growth rate of 29.3%. The firm is scheduled to announce its next earnings report on Tuesday, February 27th.
On average, 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 fiscal year, analysts forecast 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 a mean average based on a survey of analysts that follow Sapiens International.
Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings data on Thursday, November 9th. The technology company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. Sapiens International had a net margin of 0.38% and a return on equity of 6.84%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its position in Sapiens International by 93.2% during the second quarter. Goldman Sachs Group Inc. now owns 320,428 shares of the technology company’s stock worth $3,586,000 after acquiring an additional 154,555 shares in the last quarter. Jane Street Group LLC raised its position 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 worth $339,000 after acquiring an additional 9,485 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Sapiens International during the second quarter worth $12,985,000. Sphera Funds Management LTD. raised its position in Sapiens International by 140.9% during the third quarter. Sphera Funds Management LTD. now owns 354,866 shares of the technology company’s stock worth $4,650,000 after acquiring an additional 207,560 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in Sapiens International during the second quarter worth $358,000. 9.17% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sapiens International (NASDAQ SPNS) opened at $11.88 on Wednesday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.39. The company has a market cap of $604.37, a price-to-earnings ratio of 594.30, a PEG ratio of 4.72 and a beta of 1.14. Sapiens International has a 1 year low of $10.57 and a 1 year high of $15.46.
Sapiens International Company Profile
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.
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