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

Sapiens International (NASDAQ:SPNS) is set to issue its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Sapiens International has set its FY 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Sapiens International (NASDAQ:SPNS) last announced its earnings results on Tuesday, February 20th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. Sapiens International had a net margin of 12.14% and a return on equity of 16.92%. The company had revenue of $130.86 million during the quarter, compared to analyst estimates of $130.85 million. During the same period in the previous year, the business posted $0.31 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, analysts expect Sapiens International to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sapiens International Stock Down 2.2 %

SPNS opened at $30.80 on Wednesday. The firm’s 50 day simple moving average is $30.89 and its two-hundred day simple moving average is $28.36. The company has a market capitalization of $1.70 billion, a PE ratio of 27.50 and a beta of 1.16. Sapiens International has a 1-year low of $19.96 and a 1-year high of $35.33. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.09.

Sapiens International Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, April 18th. Investors of record on Friday, April 5th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, April 4th. This is an increase from Sapiens International’s previous Semi-Annual dividend of $0.26. This represents a yield of 1.7%. Sapiens International’s payout ratio is 50.00%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SPNS. The Goldman Sachs Group increased their target price on shares of Sapiens International from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Barclays raised their price objective on shares of Sapiens International from $28.00 to $30.00 and gave the company an “underweight” rating in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.33.

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.