Sapiens International (SPNS) Scheduled to Post Quarterly Earnings on Wednesday

Sapiens International (NASDAQ:SPNS - Get Free Report) is scheduled to be announcing its 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 interested in registering for the company's conference call can do so using this link.

Sapiens International (NASDAQ:SPNS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. Sapiens International had a return on equity of 16.92% and a net margin of 12.14%. The company had revenue of $130.86 million during the quarter, compared to analysts' expectations of $130.85 million. During the same quarter in the previous year, the firm posted $0.31 EPS. The firm's 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 Performance

SPNS traded down $0.14 on Wednesday, reaching $30.66. 158,777 shares of the stock were exchanged, compared to its average volume of 124,187. The company's 50-day moving average price is $30.89 and its 200 day moving average price is $28.36. Sapiens International has a fifty-two week low of $19.96 and a fifty-two week high of $35.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.11 and a quick ratio of 2.11. The firm has a market capitalization of $1.69 billion, a PE ratio of 27.50 and a beta of 1.16.

Sapiens International Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, April 18th. Stockholders of record on Friday, April 5th were issued a $0.28 dividend. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, April 4th. This is a boost from Sapiens International's previous Semi-Annual dividend of $0.26. Sapiens International's payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

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