Wall Street analysts expect that SAP SE (NYSE:SAP) will report sales of $8.76 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for SAP’s earnings. The highest sales estimate is $8.80 billion and the lowest is $8.71 billion. SAP posted sales of $8.48 billion during the same quarter last year, which would indicate a positive year over year growth rate of 3.3%. The firm is expected to issue its next earnings results before the market opens on Tuesday, January 28th.
On average, analysts expect that SAP will report full year sales of $30.45 billion for the current fiscal year, with estimates ranging from $30.25 billion to $30.76 billion. For the next fiscal year, analysts expect that the business will report sales of $32.52 billion, with estimates ranging from $32.08 billion to $32.88 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow SAP.
SAP (NYSE:SAP) last released its quarterly earnings results on Monday, October 21st. The software maker reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.19. The business had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.78 billion. SAP had a net margin of 12.62% and a return on equity of 16.12%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 earnings per share.
Several research firms recently weighed in on SAP. Goldman Sachs Group lifted their price target on shares of SAP from $168.00 to $196.00 and gave the company a “buy” rating in a report on Friday. DZ Bank reiterated a “buy” rating on shares of SAP in a report on Wednesday, January 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $140.00 price target on shares of SAP in a report on Monday, October 21st. Zacks Investment Research upgraded shares of SAP from a “sell” rating to a “hold” rating and set a $143.00 target price on the stock in a report on Monday, December 23rd. Finally, Oppenheimer restated an “outperform” rating and set a $150.00 target price (up previously from $141.00) on shares of SAP in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. SAP currently has a consensus rating of “Hold” and a consensus target price of $128.83.
NYSE:SAP traded up $0.92 during trading hours on Tuesday, hitting $139.06. The company had a trading volume of 595,380 shares, compared to its average volume of 701,052. The company has a market capitalization of $166.60 billion, a PE ratio of 43.46, a price-to-earnings-growth ratio of 2.78 and a beta of 1.09. The stock has a 50-day moving average price of $136.02 and a 200 day moving average price of $128.56. SAP has a 52 week low of $100.97 and a 52 week high of $140.67. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.01 and a quick ratio of 1.01.
Hedge funds have recently made changes to their positions in the company. Voloridge Investment Management LLC purchased a new position in shares of SAP in the 3rd quarter worth about $4,902,000. Cox Capital Mgt LLC raised its position in shares of SAP by 1.9% in the 4th quarter. Cox Capital Mgt LLC now owns 15,834 shares of the software maker’s stock worth $2,122,000 after purchasing an additional 302 shares during the last quarter. Avestar Capital LLC raised its position in shares of SAP by 11.2% in the 3rd quarter. Avestar Capital LLC now owns 2,725 shares of the software maker’s stock worth $321,000 after purchasing an additional 275 shares during the last quarter. Simon Quick Advisors LLC purchased a new position in shares of SAP in the 4th quarter worth about $40,000. Finally, Miles Capital Inc. purchased a new position in shares of SAP in the 4th quarter worth about $225,000. Hedge funds and other institutional investors own 4.83% of the company’s stock.
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.
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