Sapiens International (NASDAQ:SPNS – Get Free Report) issued its earnings results on Monday. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01), Briefing.com reports. The firm had revenue of $137.00 million during the quarter, compared to the consensus estimate of $140.10 million. Sapiens International had a return on equity of 17.60% and a net margin of 12.92%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 EPS. Sapiens International updated its FY 2024 guidance to EPS.
Sapiens International Trading Down 3.4 %
SPNS stock traded down $0.99 during trading on Tuesday, hitting $28.11. The company had a trading volume of 446,596 shares, compared to its average volume of 128,627. The firm has a market capitalization of $1.57 billion, a P/E ratio of 23.04 and a beta of 1.25. Sapiens International has a 52-week low of $24.91 and a 52-week high of $41.22. The company has a 50 day simple moving average of $36.20 and a 200-day simple moving average of $35.43. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.04.
Sapiens International Increases Dividend
The business also recently declared a Semi-Annual dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, August 28th were paid a $0.29 dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, August 28th. This is an increase from Sapiens International’s previous Semi-Annual dividend of $0.28. Sapiens International’s dividend payout ratio (DPR) is currently 47.54%.
Analysts Set New Price Targets
Get Our Latest Stock Report on Sapiens International
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.
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