$7.45 Billion in Sales Expected for SAP SE (NYSE:SAP) This Quarter

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Equities analysts expect that SAP SE (NYSE:SAP) will announce sales of $7.45 billion for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for SAP’s earnings, with the highest sales estimate coming in at $7.55 billion and the lowest estimate coming in at $7.35 billion. SAP posted sales of $7.00 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, October 17th.

On average, analysts expect that SAP will report full year sales of $30.69 billion for the current financial year, with estimates ranging from $30.52 billion to $30.92 billion. For the next fiscal year, analysts expect that the firm will report sales of $32.77 billion, with estimates ranging from $32.36 billion to $33.26 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover SAP.

SAP (NYSE:SAP) last announced its quarterly earnings results on Thursday, July 18th. The software maker reported $1.09 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.09. SAP had a net margin of 11.95% and a return on equity of 15.39%. The company had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the business posted $0.98 EPS. SAP’s quarterly revenue was up 11.0% on a year-over-year basis.

Several research analysts have recently commented on SAP shares. Royal Bank of Canada upgraded shares of SAP from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $133.00 to $167.00 in a research note on Monday, April 29th. Barclays dropped their price target on shares of SAP from $143.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. JMP Securities increased their price target on shares of SAP from $131.00 to $150.00 and gave the stock a “market outperform” rating in a research note on Thursday, April 25th. Jefferies Financial Group started coverage on shares of SAP in a research note on Monday, July 22nd. They set a “buy” rating on the stock. Finally, BMO Capital Markets set a $140.00 price target on shares of SAP and gave the stock a “hold” rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $125.63.

A number of large investors have recently bought and sold shares of the stock. Fisher Asset Management LLC grew its stake in SAP by 3.6% in the 2nd quarter. Fisher Asset Management LLC now owns 7,412,071 shares of the software maker’s stock valued at $1,013,971,000 after buying an additional 256,923 shares during the last quarter. FMR LLC grew its stake in SAP by 6.8% in the 1st quarter. FMR LLC now owns 3,755,933 shares of the software maker’s stock valued at $433,659,000 after buying an additional 240,014 shares during the last quarter. Jennison Associates LLC grew its stake in SAP by 524.2% in the 2nd quarter. Jennison Associates LLC now owns 3,041,540 shares of the software maker’s stock valued at $416,083,000 after buying an additional 2,554,263 shares during the last quarter. GQG Partners LLC grew its stake in SAP by 12.2% in the 1st quarter. GQG Partners LLC now owns 2,489,791 shares of the software maker’s stock valued at $287,266,000 after buying an additional 270,941 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in SAP by 326.9% in the 1st quarter. Lazard Asset Management LLC now owns 1,765,545 shares of the software maker’s stock valued at $203,849,000 after buying an additional 1,351,984 shares during the last quarter. Institutional investors and hedge funds own 5.00% of the company’s stock.

Shares of SAP traded up $1.82 during mid-day trading on Thursday, hitting $118.98. 293,800 shares of the company’s stock were exchanged, compared to its average volume of 719,693. The firm has a fifty day moving average of $128.60 and a two-hundred day moving average of $120.48. SAP has a twelve month low of $94.81 and a twelve month high of $140.62. The stock has a market cap of $143.93 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 2.60 and a beta of 1.08. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51.

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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Earnings History and Estimates for SAP (NYSE:SAP)

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