Goldman Sachs Cuts Sapient EPS Estimates (SAPE)
Analysts at Goldman Sachs (NYSE: GS) decreased their earnings per share (EPS) estimates on shares of Sapient (NASDAQ: SAPE) in a research report issued to clients and investors on Friday. The firm currently has a “neutral” rating and a $11.00 price target on the company’s shares.
Separately, analysts at Stifel Nicolaus cut their price target on shares of Sapient to $16.50 in a research note to investors on Wednesday, February 15th.
Sapient traded up 2.35% on Friday, hitting $10.00. Sapient has a 1-year low of $9.00 and a 1-year high of $16.25. The company has a market cap of $1.395 billion and a price-to-earnings ratio of 19.58.
Sapient last released its earnings data on Thursday, May 3rd. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.02. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts expect that Sapient will post $0.17 EPS next quarter.
Sapient Corporation (Sapient) is a global services company. The Company markets its services through two primary areas of focus: SapientNitro and Sapient Global Markets.