Wall Street brokerages predict that SAP SE (NYSE:SAP) will post $7.99 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for SAP’s earnings, with the lowest sales estimate coming in at $7.91 billion and the highest estimate coming in at $8.19 billion. SAP posted sales of $7.26 billion in the same quarter last year, which would indicate a positive year over year growth rate of 10.1%. The business is expected to announce its next quarterly earnings report on Tuesday, January 23rd.
According to Zacks, analysts expect that SAP will report full year sales of $7.99 billion for the current year, with estimates ranging from $27.46 billion to $27.85 billion. For the next fiscal year, analysts expect that the company will report sales of $29.13 billion per share, with estimates ranging from $28.93 billion to $29.40 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow SAP.
SAP (NYSE:SAP) last issued its quarterly earnings data on Thursday, October 19th. The software maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.68 billion. SAP had a return on equity of 15.43% and a net margin of 15.80%. The firm’s revenue was up 4.0% compared to the same quarter last year.
SAP has been the subject of several research reports. Zacks Investment Research raised SAP from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Wednesday. Oppenheimer reaffirmed a “buy” rating and issued a $120.00 target price on shares of SAP in a research report on Tuesday, November 14th. Argus lifted their target price on SAP from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. BMO Capital Markets initiated coverage on SAP in a research report on Friday, October 20th. They issued a “market perform” rating and a $115.00 target price for the company. They noted that the move was a valuation call. Finally, DZ Bank reaffirmed a “buy” rating on shares of SAP in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $106.73.
Several institutional investors have recently made changes to their positions in the company. Davis Selected Advisers grew its position in shares of SAP by 0.3% during the third quarter. Davis Selected Advisers now owns 141,865 shares of the software maker’s stock worth $15,537,000 after buying an additional 486 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of SAP by 14.9% during the third quarter. Sterling Capital Management LLC now owns 6,052 shares of the software maker’s stock worth $664,000 after buying an additional 785 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of SAP by 2.6% during the third quarter. Neuberger Berman Group LLC now owns 1,346,504 shares of the software maker’s stock worth $147,644,000 after buying an additional 33,768 shares in the last quarter. Bank of Nova Scotia Trust Co. acquired a new position in shares of SAP during the third quarter worth about $123,000. Finally, Capital Bank & Trust Co grew its position in shares of SAP by 5.0% during the third quarter. Capital Bank & Trust Co now owns 268,716 shares of the software maker’s stock worth $29,465,000 after buying an additional 12,741 shares in the last quarter. 3.68% of the stock is owned by institutional investors and hedge funds.
Shares of SAP (SAP) traded up $0.48 during trading hours on Friday, hitting $114.28. The company had a trading volume of 854,253 shares, compared to its average volume of 698,358. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.24. The firm has a market cap of $138,754.11, a P/E ratio of 31.45, a price-to-earnings-growth ratio of 3.26 and a beta of 1.13. SAP has a 1 year low of $84.76 and a 1 year high of $116.90.
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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