Analysts expect Sapiens International Co. (NASDAQ:SPNS) to post $75.43 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Sapiens International’s earnings, with estimates ranging from $75.30 million to $75.55 million. Sapiens International reported sales of $71.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.2%. The business is scheduled to report its next earnings results before the market opens on Monday, May 6th.

On average, analysts expect that Sapiens International will report full year sales of $317.67 million for the current financial year, with estimates ranging from $317.23 million to $318.10 million. For the next financial year, analysts expect that the firm will report sales of $0.00. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Sapiens International.

Sapiens International (NASDAQ:SPNS) last announced its earnings results on Tuesday, February 26th. The technology company reported $0.14 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.14. The business had revenue of $73.40 million during the quarter, compared to the consensus estimate of $72.74 million. Sapiens International had a net margin of 4.76% and a return on equity of 12.99%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 earnings per share.

SPNS has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Sapiens International from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Saturday, March 2nd. BidaskClub lowered Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, Barclays restated a “hold” rating and set a $14.50 price target on shares of Sapiens International in a research note on Wednesday, February 27th. Three investment 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 $14.50.

Sapiens International stock traded down $0.06 during trading hours on Monday, reaching $15.72. The stock had a trading volume of 2,881 shares. The company has a market capitalization of $780.30 million and a PE ratio of 29.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.60 and a current ratio of 1.60. Sapiens International has a 52 week low of $8.37 and a 52 week high of $16.10.

Several hedge funds have recently modified their holdings of SPNS. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Sapiens International by 64.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,012 shares of the technology company’s stock valued at $44,000 after buying an additional 1,574 shares during the last quarter. BlackRock Inc. purchased a new stake in Sapiens International in the fourth quarter valued at approximately $52,000. 1492 Capital Management LLC purchased a new stake in Sapiens International in the fourth quarter valued at approximately $159,000. Altshuler Shaham Ltd purchased a new stake in Sapiens International in the fourth quarter valued at approximately $246,000. Finally, Monarch Partners Asset Management LLC purchased a new stake in Sapiens International in the fourth quarter valued at approximately $265,000. Institutional investors and hedge funds own 0.03% of the company’s stock.

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 personal, commercial, and specialty lines, as well as reinsurance and workers' compensation, including Sapiens CoreSuite and Sapiens IDITSuite; and life, pension, and annuities, such as Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster.

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