SAP (NYSE:SAP) Issues Q3 2021 Earnings Guidance

SAP (NYSE:SAP) issued an update on its third quarter 2021 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.050-$2.050 for the period. The company issued revenue guidance of $8.07 billion-$8.07 billion, compared to the consensus revenue estimate of $7.79 billion.

NYSE SAP traded up $2.70 during trading on Thursday, hitting $144.35. The stock had a trading volume of 2,189 shares, compared to its average volume of 744,771. SAP has a 12 month low of $104.64 and a 12 month high of $158.70. The company has a market capitalization of $177.33 billion, a PE ratio of 23.93, a P/E/G ratio of 2.84 and a beta of 1.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.07 and a current ratio of 1.07. The company’s 50-day moving average price is $144.00 and its two-hundred day moving average price is $141.33.

SAP (NYSE:SAP) last announced its quarterly earnings data on Wednesday, July 21st. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.72. SAP had a return on equity of 19.90% and a net margin of 21.60%. The company had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.70 billion. During the same quarter in the prior year, the business posted $1.17 EPS. The business’s revenue was down 1.1% compared to the same quarter last year. As a group, equities analysts anticipate that SAP will post 5.11 earnings per share for the current fiscal year.

SAP has been the subject of several recent analyst reports. DZ Bank restated a neutral rating on shares of SAP in a research report on Wednesday, June 16th. JPMorgan Chase & Co. restated a neutral rating on shares of SAP in a research report on Thursday, July 22nd. UBS Group restated a neutral rating on shares of SAP in a research report on Thursday, July 22nd. Oddo Bhf downgraded SAP from an outperform rating to a neutral rating in a research report on Thursday, July 22nd. Finally, Barclays restated an overweight rating and set a $165.00 price objective (up from $162.00) on shares of SAP in a research report on Tuesday, July 27th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $123.70.

A hedge fund recently raised its stake in SAP stock. Morgan Stanley raised its position in SAP SE (NYSE:SAP) by 2.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 478,867 shares of the software maker’s stock after acquiring an additional 9,654 shares during the period. Morgan Stanley’s holdings in SAP were worth $67,260,000 as of its most recent filing with the SEC. 4.18% of the stock is currently owned by institutional investors and hedge funds.

SAP Company Profile

SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Services; Intelligent Spend Group; and Qualtrics. The Applications, Technology, and Services segment includes software licenses, cloud subscriptions, and related services.

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