SAP SE (SAP) Expected to Post Quarterly Sales of $7.50 Billion

Analysts predict that SAP SE (NYSE:SAP) will announce $7.50 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for SAP’s earnings, with the lowest sales estimate coming in at $7.33 billion and the highest estimate coming in at $7.62 billion. SAP reported sales of $7.16 billion during the same quarter last year, which would suggest a positive year over year growth rate of 4.7%. The business is scheduled to report its next quarterly earnings report on Thursday, July 18th.

According to Zacks, analysts expect that SAP will report full year sales of $30.80 billion for the current financial year, with estimates ranging from $30.36 billion to $31.10 billion. For the next fiscal year, analysts expect that the firm will post sales of $32.93 billion, with estimates ranging from $32.20 billion to $33.57 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow SAP.

SAP (NYSE:SAP) last released its quarterly earnings data on Wednesday, April 24th. The software maker reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.01. The company had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.94 billion. SAP had a return on equity of 15.70% and a net margin of 12.81%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share.

Several equities analysts have recently commented on the company. Royal Bank of Canada reaffirmed an “average” rating and issued a $52.00 price target on shares of SAP in a research note on Tuesday, April 23rd. ValuEngine raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. DZ Bank reaffirmed a “buy” rating on shares of SAP in a research note on Wednesday, April 24th. JMP Securities reaffirmed a “buy” rating and issued a $131.00 price target on shares of SAP in a research note on Wednesday, March 13th. Finally, Zacks Investment Research raised SAP from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a research note on Monday, February 4th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $115.90.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. HighPoint Advisor Group LLC lifted its stake in SAP by 3.5% during the 1st quarter. HighPoint Advisor Group LLC now owns 2,712 shares of the software maker’s stock worth $334,000 after acquiring an additional 91 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in SAP by 22.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 528 shares of the software maker’s stock worth $53,000 after acquiring an additional 96 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its stake in SAP by 2.1% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 4,970 shares of the software maker’s stock worth $574,000 after acquiring an additional 100 shares in the last quarter. Pitcairn Co. lifted its stake in SAP by 2.4% during the 4th quarter. Pitcairn Co. now owns 5,086 shares of the software maker’s stock worth $506,000 after acquiring an additional 120 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in SAP by 5.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 2,392 shares of the software maker’s stock worth $276,000 after acquiring an additional 124 shares in the last quarter. 4.58% of the stock is currently owned by hedge funds and other institutional investors.

NYSE SAP traded up $1.79 on Wednesday, reaching $128.70. 679,217 shares of the company were exchanged, compared to its average volume of 787,943. The firm has a market capitalization of $156.46 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 2.76 and a beta of 1.06. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.59 and a current ratio of 1.59. SAP has a fifty-two week low of $94.81 and a fifty-two week high of $130.16.

The company also recently announced an annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 17th will be paid a dividend of $1.6961 per share. This represents a yield of 1.51%. The ex-dividend date of this dividend is Thursday, May 16th. SAP’s payout ratio is 26.93%.

SAP Company Profile

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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