Zacks: Brokerages Expect SAP SE (SAP) Will Post Earnings of $0.87 Per Share

Wall Street analysts forecast that SAP SE (NYSE:SAP) will report $0.87 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for SAP’s earnings. The lowest EPS estimate is $0.82 and the highest is $0.90. SAP posted earnings of $0.78 per share in the same quarter last year, which would suggest a positive year over year growth rate of 11.5%. The business is scheduled to announce its next quarterly earnings results on Tuesday, April 24th.

According to Zacks, analysts expect that SAP will report full-year earnings of $5.14 per share for the current financial year, with EPS estimates ranging from $4.93 to $5.33. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.65 per share, with EPS estimates ranging from $5.45 to $5.91. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover SAP.

A number of analysts have commented on the company. Stifel Nicolaus set a $80.00 target price on SAP and gave the stock a “sell” rating in a report on Monday, February 12th. Sanford C. Bernstein reissued an “outperform” rating and issued a $122.00 target price (down previously from $133.00) on shares of SAP in a report on Monday, February 12th. BMO Capital Markets reissued a “hold” rating and issued a $116.00 target price on shares of SAP in a report on Wednesday, January 31st. Cleveland Research lowered SAP from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. Finally, Royal Bank of Canada reissued a “neutral” rating on shares of SAP in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $103.73.

SAP (NYSE:SAP) traded down $0.21 during trading on Friday, hitting $104.02. The company’s stock had a trading volume of 197,843 shares, compared to its average volume of 1,286,765. The company has a market cap of $128,922.10, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 2.87 and a beta of 1.12. SAP has a twelve month low of $92.77 and a twelve month high of $116.90. The company has a current ratio of 1.17, a quick ratio of 1.18 and a debt-to-equity ratio of 0.20.

Several hedge funds have recently added to or reduced their stakes in SAP. Envestnet Asset Management Inc. lifted its position in SAP by 6.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 351,622 shares of the software maker’s stock valued at $39,509,000 after purchasing an additional 19,794 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA lifted its position in SAP by 52.7% during the fourth quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 2,825 shares of the software maker’s stock valued at $317,000 after purchasing an additional 975 shares in the last quarter. We Are One Seven LLC purchased a new position in SAP during the fourth quarter valued at $114,000. Banco de Sabadell S.A purchased a new position in SAP during the fourth quarter valued at $1,231,000. Finally, Glenmede Trust Co. NA lifted its position in SAP by 10.1% during the fourth quarter. Glenmede Trust Co. NA now owns 11,317 shares of the software maker’s stock valued at $1,270,000 after purchasing an additional 1,040 shares in the last quarter. Hedge funds and other institutional investors own 3.80% of the company’s stock.

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About SAP

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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