$1.14 EPS Expected for SAP SE (SAP) This Quarter
Equities analysts expect SAP SE (NYSE:SAP) to announce $1.14 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for SAP SE’s earnings. The lowest EPS estimate is $1.12 and the highest is $1.15. SAP SE posted earnings per share of $1.02 in the same quarter last year, which suggests a positive year-over-year growth rate of 11.8%. The firm is expected to issue its next earnings results before the market opens on Thursday, October 19th.
On average, analysts expect that SAP SE will report full year earnings of $4.84 per share for the current financial year, with EPS estimates ranging from $4.76 to $5.00. For the next year, analysts expect that the firm will report earnings of $5.21 per share, with EPS estimates ranging from $4.98 to $5.38. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow SAP SE.
Several brokerages recently commented on SAP. Morgan Stanley reiterated a “buy” rating on shares of SAP SE in a report on Monday. Royal Bank Of Canada reiterated a “neutral” rating on shares of SAP SE in a report on Monday. Stifel Nicolaus reiterated a “sell” rating and set a $75.00 target price on shares of SAP SE in a report on Thursday, October 12th. BMO Capital Markets reiterated a “hold” rating and set a $110.00 target price on shares of SAP SE in a report on Friday. Finally, Zacks Investment Research upgraded SAP SE from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. SAP SE currently has an average rating of “Buy” and an average target price of $94.84.
Several institutional investors and hedge funds have recently modified their holdings of the company. Eqis Capital Management Inc. grew its position in shares of SAP SE by 13.1% in the 3rd quarter. Eqis Capital Management Inc. now owns 17,606 shares of the software maker’s stock worth $1,931,000 after acquiring an additional 2,035 shares in the last quarter. Perpetual Ltd acquired a new position in shares of SAP SE in the 2nd quarter worth approximately $7,812,000. Cookson Peirce & Co. Inc. acquired a new position in shares of SAP SE in the 2nd quarter worth approximately $452,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of SAP SE in the 2nd quarter worth approximately $235,000. Finally, Verition Fund Management LLC acquired a new position in shares of SAP SE in the 2nd quarter worth approximately $332,000. Institutional investors own 3.56% of the company’s stock.
Shares of SAP SE (NYSE:SAP) traded down 0.45% during trading on Tuesday, hitting $111.34. The stock had a trading volume of 328,426 shares. The company has a market cap of $133.49 billion, a P/E ratio of 32.28 and a beta of 1.10. The stock’s 50-day moving average price is $109.14 and its 200-day moving average price is $105.08. SAP SE has a one year low of $80.93 and a one year high of $113.17.
SAP SE declared that its Board of Directors has approved a stock repurchase program on Thursday, July 20th that permits the company to repurchase shares. This repurchase authorization permits the software maker to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
SAP SE Company Profile
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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