The Sage Group (LON:SGE) Issues Earnings Results

The Sage Group (LON:SGE) posted its quarterly earnings data on Friday. The company reported GBX 23.74 EPS for the quarter, Digital Look Earnings reports. The Sage Group had a net margin of 14.68% and a return on equity of 48.58%. The firm had revenue of GBX 136.30 billion during the quarter.

The Sage Group Stock Down 0.5%

SGE opened at GBX 885.20 on Friday. The business has a 50-day moving average of GBX 863.97 and a 200-day moving average of GBX 953.46. The Sage Group has a fifty-two week low of GBX 771.66 and a fifty-two week high of GBX 1,335. The company has a market capitalization of £8.09 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 1.22 and a beta of 0.30. The company has a debt-to-equity ratio of 219.31, a current ratio of 0.60 and a quick ratio of 0.58.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Jefferies Financial Group reduced their target price on The Sage Group from GBX 1,350 to GBX 1,100 and set a “buy” rating for the company in a report on Tuesday, March 24th. Shore Capital Group reiterated a “hold” rating on shares of The Sage Group in a report on Tuesday, January 27th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,135 price objective on shares of The Sage Group in a research note on Thursday. UBS Group restated a “buy” rating and set a GBX 1,025 price objective on shares of The Sage Group in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 1,165.71.

The Sage Group Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.