SAP SE (SAP) Expected to Post Quarterly Sales of $6.97 Billion

Wall Street brokerages forecast that SAP SE (NYSE:SAP) will post sales of $6.97 billion for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for SAP’s earnings, with the lowest sales estimate coming in at $6.92 billion and the highest estimate coming in at $7.04 billion. SAP posted sales of $6.57 billion during the same quarter last year, which would indicate a positive year over year growth rate of 6.1%. The business is expected to announce its next earnings report on Thursday, October 18th.

On average, analysts expect that SAP will report full-year sales of $28.54 billion for the current financial year, with estimates ranging from $28.44 billion to $28.68 billion. For the next year, analysts anticipate that the company will report sales of $30.85 billion, with estimates ranging from $30.50 billion to $31.78 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow SAP.

SAP (NYSE:SAP) last released its quarterly earnings results on Thursday, October 18th. The software maker reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.02. The firm had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $5.99 billion. SAP had a net margin of 17.92% and a return on equity of 18.07%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.01 earnings per share.

A number of research analysts recently commented on the company. DZ Bank reissued a “buy” rating on shares of SAP in a research note on Thursday, September 27th. Zacks Investment Research raised SAP from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Oppenheimer increased their target price on SAP from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, July 18th. Royal Bank of Canada reissued a “$121.96” rating on shares of SAP in a research note on Wednesday, July 18th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of SAP in a research note on Monday, September 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $113.70.

A number of hedge funds and other institutional investors have recently bought and sold shares of SAP. Dimensional Fund Advisors LP boosted its position in SAP by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 118,074 shares of the software maker’s stock valued at $12,417,000 after buying an additional 2,293 shares during the period. Commonwealth Equity Services LLC boosted its position in SAP by 5.3% during the first quarter. Commonwealth Equity Services LLC now owns 9,578 shares of the software maker’s stock valued at $1,007,000 after buying an additional 481 shares during the period. Allianz Asset Management GmbH boosted its position in SAP by 1,494.4% during the first quarter. Allianz Asset Management GmbH now owns 35,874 shares of the software maker’s stock valued at $3,773,000 after buying an additional 33,624 shares during the period. LPL Financial LLC boosted its position in SAP by 43.0% during the first quarter. LPL Financial LLC now owns 15,544 shares of the software maker’s stock valued at $1,635,000 after buying an additional 4,672 shares during the period. Finally, Private Capital Group LLC boosted its position in SAP by 253.3% during the first quarter. Private Capital Group LLC now owns 2,406 shares of the software maker’s stock valued at $253,000 after buying an additional 1,725 shares during the period. Institutional investors and hedge funds own 4.52% of the company’s stock.

SAP opened at $107.01 on Friday. The firm has a market capitalization of $151.11 billion, a P/E ratio of 24.94, a PEG ratio of 3.82 and a beta of 1.23. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.25. SAP has a 52 week low of $99.20 and a 52 week high of $127.16.

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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