Sapiens International (NASDAQ:SPNS) Releases Earnings Results, Beats Estimates By $0.01 EPS

Sapiens International (NASDAQ:SPNS) announced its earnings results on Thursday. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01, Briefing.com reports. Sapiens International had a net margin of 12.92% and a return on equity of 17.82%. The company had revenue of $136.80 million for the quarter, compared to analyst estimates of $137.78 million. During the same period in the prior year, the business earned $0.31 earnings per share. Sapiens International’s quarterly revenue was up 6.6% on a year-over-year basis. Sapiens International updated its FY 2024 guidance to EPS.

Sapiens International Trading Down 1.2 %

NASDAQ:SPNS traded down $0.42 during trading hours on Friday, hitting $35.72. The stock had a trading volume of 185,100 shares, compared to its average volume of 232,510. Sapiens International has a one year low of $24.39 and a one year high of $41.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 30.53 and a beta of 1.22. The business’s 50 day moving average is $35.54 and its 200-day moving average is $32.28.

Analysts Set New Price Targets

SPNS has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price target on shares of Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday. Needham & Company LLC boosted their price target on shares of Sapiens International from $38.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday. Barclays boosted their price target on shares of Sapiens International from $30.00 to $38.00 and gave the stock an “underweight” rating in a research note on Friday. Finally, StockNews.com raised shares of Sapiens International from a “buy” rating to a “strong-buy” rating in a research note on Sunday.

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.