Sapiens International (NASDAQ:SPNS) Posts Earnings Results, Hits Expectations


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Sapiens International (NASDAQ:SPNS) released its earnings results on Tuesday. The technology company reported $0.27 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.27, MarketWatch Earnings reports. The company had revenue of $110.22 million during the quarter, compared to analyst estimates of $109.93 million. Sapiens International had a return on equity of 19.32% and a net margin of 8.78%. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. Sapiens International updated its FY 2021 guidance to – EPS.

Shares of SPNS traded down $1.38 during mid-day trading on Tuesday, hitting $30.89. The company’s stock had a trading volume of 6,289 shares, compared to its average volume of 134,955. The stock’s 50-day moving average is $32.31 and its two-hundred day moving average is $31.09. The firm has a market capitalization of $1.69 billion, a PE ratio of 52.05, a price-to-earnings-growth ratio of 6.32 and a beta of 1.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.60 and a current ratio of 1.60. Sapiens International has a one year low of $21.01 and a one year high of $35.85.

The firm also recently declared a — dividend, which will be paid on Tuesday, May 11th. Stockholders of record on Tuesday, April 27th will be issued a dividend of $0.37 per share. The ex-dividend date is Monday, April 26th. This represents a dividend yield of 1.1%. Sapiens International’s dividend payout ratio (DPR) is presently 37.33%.

SPNS has been the topic of several research reports. The Goldman Sachs Group initiated coverage on shares of Sapiens International in a research note on Wednesday, January 13th. They issued a “neutral” rating and a $35.00 price objective on the stock. Zacks Investment Research downgraded Sapiens International from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Jefferies Financial Group started coverage on Sapiens International in a research report on Wednesday, January 20th. They set a “buy” rating and a $39.00 target price for the company. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Sapiens International presently has a consensus rating of “Buy” and a consensus target price of $36.29.

About Sapiens International

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

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Earnings History for Sapiens International (NASDAQ:SPNS)

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