Sapiens International (NASDAQ:SPNS) Updates FY 2021 Earnings Guidance

Sapiens International (NASDAQ:SPNS) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share guidance of – for the period. The company issued revenue guidance of $459 million-$464 million, compared to the consensus revenue estimate of $460.06 million.

NASDAQ SPNS traded down $0.49 during trading hours on Wednesday, hitting $27.19. The company had a trading volume of 5,239 shares, compared to its average volume of 136,444. Sapiens International has a 52 week low of $21.01 and a 52 week high of $35.85. The firm has a 50 day simple moving average of $31.93 and a 200 day simple moving average of $31.12. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 44.32, a PEG ratio of 6.32 and a beta of 1.36.

Sapiens International (NASDAQ:SPNS) last issued its earnings results on Tuesday, May 4th. The technology company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $110.22 million during the quarter, compared to the consensus estimate of $109.93 million. Sapiens International had a return on equity of 19.32% and a net margin of 8.78%. The firm’s revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 EPS. On average, research analysts forecast that Sapiens International will post 0.92 earnings per share for the current year.

The firm also recently declared a — dividend, which was paid on Tuesday, May 11th. Stockholders of record on Tuesday, April 27th were given a dividend of $0.37 per share. The ex-dividend date was 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 subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on Sapiens International in a research report on Wednesday, January 13th. They set a neutral rating and a $35.00 price target for the company. Zacks Investment Research downgraded Sapiens International from a buy rating to a hold rating in a research report on Tuesday, May 4th. Finally, Jefferies Financial Group initiated coverage on Sapiens International in a research report on Wednesday, January 20th. They set a buy rating and a $39.00 price target for the company. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average 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 and Estimates for Sapiens International (NASDAQ:SPNS)

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