SAP SE (SAP) Expected to Post Quarterly Sales of $6.97 Billion

Brokerages forecast that SAP SE (NYSE:SAP) will announce $6.97 billion in sales for the current quarter, Zacks reports. Seven analysts have made estimates for SAP’s earnings. The lowest sales estimate is $6.92 billion and the highest is $7.04 billion. SAP posted sales of $6.57 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.1%. The company is scheduled to announce its next quarterly earnings report on Thursday, October 18th.

According to Zacks, analysts expect that SAP will report full-year sales of $28.54 billion for the current financial year, with estimates ranging from $28.44 billion to $28.68 billion. For the next fiscal year, analysts expect that the company will post sales of $30.85 billion, with estimates ranging from $30.50 billion to $31.78 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for SAP.

SAP (NYSE:SAP) last issued its quarterly earnings results on Thursday, October 18th. The software maker reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.02. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $5.99 billion. SAP had a return on equity of 18.07% and a net margin of 17.92%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 earnings per share.

A number of equities research analysts recently issued reports on SAP shares. Zacks Investment Research downgraded SAP from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. JPMorgan Chase & Co. reissued a “buy” rating on shares of SAP in a research report on Monday, September 17th. Barclays reduced their price target on SAP from $134.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, July 20th. Royal Bank of Canada reissued a “$121.96” rating on shares of SAP in a research report on Wednesday, July 18th. Finally, DZ Bank reissued a “buy” rating on shares of SAP in a research report on Thursday, September 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $113.70.

Shares of NYSE:SAP opened at $107.01 on Friday. The company has a market cap of $151.11 billion, a P/E ratio of 24.94, a P/E/G ratio of 3.82 and a beta of 1.23. 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.

Several hedge funds have recently modified their holdings of the business. Aperio Group LLC boosted its holdings in shares of SAP by 4.5% in the 3rd quarter. Aperio Group LLC now owns 386,345 shares of the software maker’s stock valued at $47,520,000 after purchasing an additional 16,741 shares in the last quarter. First Hawaiian Bank acquired a new stake in shares of SAP in the 3rd quarter valued at $134,000. Bank of Montreal Can boosted its holdings in shares of SAP by 28.5% in the 3rd quarter. Bank of Montreal Can now owns 108,669 shares of the software maker’s stock valued at $13,367,000 after purchasing an additional 24,082 shares in the last quarter. JCIC Asset Management Inc. acquired a new stake in shares of SAP in the 3rd quarter valued at $2,682,000. Finally, Investment House LLC boosted its holdings in shares of SAP by 3.1% in the 3rd quarter. Investment House LLC now owns 57,822 shares of the software maker’s stock valued at $7,112,000 after purchasing an additional 1,714 shares in the last quarter. 4.52% of the stock is currently owned by hedge funds and other institutional investors.

About SAP

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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