Sapiens International (NASDAQ:SPNS – Get Free Report) announced its quarterly earnings results on Monday. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01), Briefing.com reports. Sapiens International had a net margin of 12.92% and a return on equity of 17.60%. The firm had revenue of $137.00 million during the quarter, compared to the consensus estimate of $140.10 million. During the same period in the previous year, the business earned $0.32 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Sapiens International updated its FY 2024 guidance to EPS.
Sapiens International Trading Down 3.4 %
Shares of SPNS stock traded down $0.99 during mid-day trading on Tuesday, reaching $28.11. The stock had a trading volume of 446,596 shares, compared to its average volume of 128,627. The stock’s 50-day moving average price is $36.20 and its two-hundred day moving average price is $35.43. Sapiens International has a 52-week low of $24.91 and a 52-week high of $41.22. The firm has a market capitalization of $1.57 billion, a PE ratio of 23.04 and a beta of 1.25. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.04.
Sapiens International Increases Dividend
The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 12th. Shareholders of record on Wednesday, August 28th were given a $0.29 dividend. This is a boost from Sapiens International’s previous Semi-Annual dividend of $0.28. The ex-dividend date was Wednesday, August 28th. This represents a dividend yield of 1.6%. Sapiens International’s payout ratio is presently 47.54%.
Analysts Set New Price Targets
Check Out Our Latest Analysis on Sapiens International
Sapiens International Company Profile
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.
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