SAP (NYSE:SAP) announced its quarterly earnings results on Thursday. The software maker reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.02, Briefing.com reports. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.99 billion. SAP had a return on equity of 17.69% and a net margin of 17.57%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.01 EPS.
SAP stock opened at $109.02 on Friday. SAP has a 1 year low of $99.20 and a 1 year high of $127.16. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $131.46 billion, a P/E ratio of 23.26, a P/E/G ratio of 3.33 and a beta of 1.23.
A number of research firms recently issued reports on SAP. DZ Bank reaffirmed a “buy” rating on shares of SAP in a research note on Thursday. Zacks Investment Research raised SAP from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. Royal Bank of Canada reaffirmed a “neutral” rating on shares of SAP in a research note on Thursday. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of SAP in a research note on Monday, September 17th. Finally, Barclays reduced their target price on SAP from $134.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, July 20th. 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. The stock has a consensus rating of “Buy” and a consensus target price of $114.60.
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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