$1.74 Earnings Per Share Expected for SAP SE (SAP) This Quarter
Wall Street brokerages forecast that SAP SE (NYSE:SAP) will report earnings of $1.74 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for SAP SE’s earnings, with the highest EPS estimate coming in at $1.82 and the lowest estimate coming in at $1.65. SAP SE reported earnings of $1.64 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 6.1%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, January 23rd.
According to Zacks, analysts expect that SAP SE will report full-year earnings of $4.92 per share for the current financial year, with EPS estimates ranging from $4.82 to $4.97. For the next year, analysts anticipate that the company will report earnings of $5.17 per share, with EPS estimates ranging from $5.00 to $5.33. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow SAP SE.
SAP SE (NYSE:SAP) last issued its quarterly earnings results on Thursday, October 19th. The software maker reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.12. SAP SE had a net margin of 15.80% and a return on equity of 15.43%. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.68 billion. The company’s revenue was up 4.0% on a year-over-year basis.
Several equities research analysts have recently issued reports on SAP shares. Morgan Stanley restated a “buy” rating on shares of SAP SE in a research note on Monday, October 16th. Berenberg Bank started coverage on shares of SAP SE in a research note on Wednesday, August 23rd. They set a “buy” rating for the company. BidaskClub lowered shares of SAP SE from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. DZ Bank AG reaffirmed a “buy” rating on shares of SAP SE in a report on Thursday, July 20th. Finally, Zacks Investment Research raised shares of SAP SE from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $101.33.
A number of large investors have recently made changes to their positions in SAP. Harbour Capital Advisors LLC boosted its holdings in SAP SE by 10,198.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 478,865 shares of the software maker’s stock valued at $4,575,000 after purchasing an additional 474,215 shares during the period. FMR LLC boosted its holdings in SAP SE by 6,475.0% in the 2nd quarter. FMR LLC now owns 396,409 shares of the software maker’s stock valued at $41,493,000 after purchasing an additional 390,380 shares during the period. Canada Pension Plan Investment Board bought a new position in SAP SE in the 3rd quarter valued at $33,601,000. Fisher Asset Management LLC raised its position in shares of SAP SE by 3.8% during the 2nd quarter. Fisher Asset Management LLC now owns 6,462,281 shares of the software maker’s stock valued at $676,407,000 after buying an additional 238,908 shares in the last quarter. Finally, Sustainable Growth Advisers LP raised its position in shares of SAP SE by 8.9% during the 2nd quarter. Sustainable Growth Advisers LP now owns 2,567,035 shares of the software maker’s stock valued at $268,691,000 after buying an additional 210,664 shares in the last quarter. 3.62% of the stock is owned by hedge funds and other institutional investors.
Shares of SAP SE (NYSE SAP) traded down $1.96 during mid-day trading on Monday, hitting $112.64. 635,340 shares of the stock traded hands, compared to its average volume of 723,514. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 1.18. SAP SE has a 12 month low of $80.93 and a 12 month high of $116.90. The stock has a market cap of $140,376.38, a price-to-earnings ratio of 31.82, a P/E/G ratio of 3.30 and a beta of 1.14.
SAP SE declared that its Board of Directors has approved a stock buyback plan on Thursday, July 20th that permits the company to repurchase shares. This repurchase authorization permits the software maker to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors 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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