The Sage Group (LON:SGE) Posts Quarterly Earnings Results

The Sage Group (LON:SGE) released its quarterly earnings results on Friday. The company reported GBX 23.74 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The Sage Group had a return on equity of 48.58% and a net margin of 14.68%.The company had revenue of GBX 136.30 billion during the quarter.

The Sage Group Stock Performance

LON SGE opened at GBX 885.20 on Friday. The company has a debt-to-equity ratio of 219.31, a current ratio of 0.60 and a quick ratio of 0.58. The firm has a market capitalization of £8.09 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 1.22 and a beta of 0.30. The company’s fifty day moving average is GBX 863.97 and its two-hundred day moving average is GBX 953.46. The Sage Group has a 52-week low of GBX 771.66 and a 52-week high of GBX 1,335.

Analyst Ratings Changes

Several equities analysts have commented on SGE shares. UBS Group reiterated a “buy” rating and set a GBX 1,025 price target on shares of The Sage Group in a report on Monday. Shore Capital Group reiterated a “hold” rating on shares of The Sage Group in a research note on Tuesday, January 27th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,135 target price on shares of The Sage Group in a report on Thursday. Citigroup cut their target price on shares of The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Finally, Jefferies Financial Group lowered their price target on The Sage Group from GBX 1,350 to GBX 1,100 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,165.71.

The Sage Group Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.