$6.74 Billion in Sales Expected for SAP SE (SAP) This Quarter

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Equities analysts expect SAP SE (NYSE:SAP) to post sales of $6.74 billion for the current fiscal quarter, Zacks Investment Research reports. 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 posted sales of $6.46 billion during the same quarter last year, which would indicate a positive year over year growth rate of 4.3%. The business is scheduled to announce its next earnings results on Tuesday, April 23rd.

On average, analysts expect that SAP will report full year sales of $30.96 billion for the current financial year, with estimates ranging from $30.66 billion to $31.48 billion. For the next fiscal year, analysts forecast that the business will report sales of $33.06 billion, with estimates ranging from $32.83 billion to $33.81 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for SAP.

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

A number of equities research analysts have weighed in on SAP shares. DZ Bank reaffirmed a “buy” rating on shares of SAP in a report on Tuesday, January 29th. ValuEngine raised SAP from a “hold” rating to a “buy” rating in a report on Tuesday, December 18th. CIBC reaffirmed a “hold” rating and issued a $44.00 target price on shares of SAP in a report on Friday, February 8th. JMP Securities reaffirmed a “buy” rating and issued a $131.00 target price on shares of SAP in a report on Wednesday. Finally, Royal Bank of Canada reaffirmed a “neutral” rating on shares of SAP in a report on Friday, February 8th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. SAP presently has an average rating of “Buy” and an average price target of $117.14.

NYSE:SAP traded up $2.97 during trading hours on Friday, reaching $112.49. 769,114 shares of the company were exchanged, compared to its average volume of 650,304. The company has a market capitalization of $134.55 billion, a P/E ratio of 24.83, a P/E/G ratio of 2.29 and a beta of 1.01. SAP has a 1-year low of $94.81 and a 1-year high of $127.16. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.59 and a quick ratio of 1.59.

Several hedge funds have recently modified their holdings of SAP. Janney Montgomery Scott LLC boosted its position in shares of SAP by 2.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 26,798 shares of the software maker’s stock worth $3,296,000 after purchasing an additional 536 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA purchased a new stake in shares of SAP during the 3rd quarter worth $255,000. Advisor Partners LLC boosted its position in shares of SAP by 23.3% during the 3rd quarter. Advisor Partners LLC now owns 10,719 shares of the software maker’s stock worth $1,318,000 after purchasing an additional 2,024 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of SAP by 12.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 360,305 shares of the software maker’s stock worth $44,318,000 after purchasing an additional 40,007 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of SAP by 190.8% during the 3rd quarter. Toronto Dominion Bank now owns 4,886 shares of the software maker’s stock worth $601,000 after purchasing an additional 3,206 shares in the last quarter. 4.57% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

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