SAP SE (SAP) Expected to Announce Quarterly Sales of $6.74 Billion

Wall Street brokerages expect SAP SE (NYSE:SAP) to report $6.74 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for SAP’s earnings. The lowest sales estimate is $6.62 billion and the highest is $6.98 billion. SAP reported sales of $6.46 billion in the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The business is scheduled to report its next earnings results before the market opens on Wednesday, April 24th.

According to Zacks, analysts expect that SAP will report full-year sales of $30.96 billion for the current year, with estimates ranging from $30.66 billion to $31.48 billion. For the next year, analysts forecast that the firm will post sales of $33.06 billion, with estimates ranging from $32.83 billion to $33.81 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for SAP.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 29th. The software maker reported $1.51 EPS for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.10). SAP had a return on equity of 16.47% and a net margin of 16.44%. The company had revenue of $7.43 billion during the quarter, compared to analysts’ expectations of $7.22 billion. During the same period in the prior year, the firm earned $1.77 EPS. SAP’s quarterly revenue was up 9.2% on a year-over-year basis.

A number of equities analysts have commented on the stock. JMP Securities reissued a “buy” rating and issued a $131.00 price target on shares of SAP in a research note on Wednesday, March 13th. CIBC reissued a “hold” rating and issued a $44.00 price target on shares of SAP in a research note on Friday, February 8th. Royal Bank of Canada reissued a “neutral” rating on shares of SAP in a research note on Friday, February 8th. Zacks Investment Research raised shares of SAP from a “hold” rating to a “buy” rating and set a $116.00 price target for the company in a research note on Monday, February 4th. Finally, Bank of America cut shares of SAP from a “buy” rating to a “neutral” rating in a research note on Monday, February 4th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. SAP currently has a consensus rating of “Buy” and a consensus target price of $117.14.

Several institutional investors have recently made changes to their positions in SAP. GQG Partners LLC boosted its stake in shares of SAP by 108.4% in the 4th quarter. GQG Partners LLC now owns 2,218,850 shares of the software maker’s stock valued at $220,951,000 after purchasing an additional 1,153,894 shares in the last quarter. FMR LLC boosted its stake in shares of SAP by 32.1% in the 4th quarter. FMR LLC now owns 3,515,919 shares of the software maker’s stock valued at $350,010,000 after purchasing an additional 854,993 shares in the last quarter. Cambiar Investors LLC boosted its stake in shares of SAP by 19.6% in the 4th quarter. Cambiar Investors LLC now owns 1,648,637 shares of the software maker’s stock valued at $164,122,000 after purchasing an additional 270,753 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of SAP by 394.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 312,116 shares of the software maker’s stock valued at $38,390,000 after purchasing an additional 248,945 shares in the last quarter. Finally, South Texas Money Management Ltd. boosted its stake in shares of SAP by 8,757.6% in the 4th quarter. South Texas Money Management Ltd. now owns 234,991 shares of the software maker’s stock valued at $23,393,000 after purchasing an additional 232,338 shares in the last quarter. 4.56% of the stock is owned by institutional investors.

SAP stock opened at $115.46 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.59 and a quick ratio of 1.59. SAP has a one year low of $94.81 and a one year high of $127.16. The company has a market capitalization of $140.31 billion, a price-to-earnings ratio of 25.49, a P/E/G ratio of 2.41 and a beta of 1.01.

About SAP

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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