Analysts forecast that SAP SE (NYSE:SAP) will post sales of $7.11 billion for the current quarter, according to Zacks. Six analysts have made estimates for SAP’s earnings, with the highest sales estimate coming in at $7.23 billion and the lowest estimate coming in at $6.94 billion. SAP reported sales of $6.36 billion in the same quarter last year, which would suggest a positive year over year growth rate of 11.8%. The business is expected to announce its next quarterly earnings report before the market opens on Thursday, July 19th.
On average, analysts expect that SAP will report full-year sales of $29.20 billion for the current financial year, with estimates ranging from $28.49 billion to $29.74 billion. For the next financial year, analysts expect that the business will report sales of $31.52 billion per share, with estimates ranging from $30.58 billion to $32.74 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow SAP.
Get SAP alerts:SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, April 24th. The software maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.25. The firm had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.30 billion. SAP had a return on equity of 18.33% and a net margin of 18.00%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 EPS.
Several analysts have recently weighed in on SAP shares. Barclays raised their target price on SAP from $132.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, April 25th. Zacks Investment Research upgraded SAP from a “sell” rating to a “hold” rating in a research note on Monday, April 9th. Royal Bank of Canada restated a “neutral” rating and set a target price on shares of SAP in a research note on Tuesday, April 24th. Jefferies Financial Group started coverage on SAP in a research note on Friday, June 1st. They set a “buy” rating and a $140.00 target price for the company. Finally, DZ Bank restated a “buy” rating on shares of SAP in a research note on Wednesday, June 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $113.30.
Hedge funds have recently modified their holdings of the company. Raymond James & Associates lifted its position in shares of SAP by 7.9% during the fourth quarter. Raymond James & Associates now owns 287,516 shares of the software maker’s stock worth $32,305,000 after purchasing an additional 20,957 shares during the last quarter. Northern Trust Corp lifted its position in shares of SAP by 6.2% during the first quarter. Northern Trust Corp now owns 1,564,517 shares of the software maker’s stock worth $164,525,000 after purchasing an additional 90,998 shares during the last quarter. Royal Bank of Canada lifted its position in shares of SAP by 13.3% during the first quarter. Royal Bank of Canada now owns 692,387 shares of the software maker’s stock worth $72,811,000 after purchasing an additional 81,282 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of SAP by 0.7% during the fourth quarter. Bank of New York Mellon Corp now owns 277,368 shares of the software maker’s stock worth $31,164,000 after purchasing an additional 1,993 shares during the last quarter. Finally, Sustainable Growth Advisers LP lifted its position in shares of SAP by 6.0% during the first quarter. Sustainable Growth Advisers LP now owns 3,099,490 shares of the software maker’s stock worth $325,943,000 after purchasing an additional 176,456 shares during the last quarter. 10.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of SAP opened at $119.20 on Friday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market cap of $143.89 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 3.54 and a beta of 1.15. SAP has a 1-year low of $99.20 and a 1-year high of $121.94.
SAP Company Profile
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.
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