Zacks: Brokerages Expect SAP SE (SAP) Will Announce Earnings of $1.23 Per Share

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Equities analysts expect that SAP SE (NYSE:SAP) will post earnings per share of $1.23 for the current quarter, according to Zacks. Four analysts have made estimates for SAP’s earnings. The highest EPS estimate is $1.30 and the lowest is $1.16. SAP reported earnings per share of $1.17 during the same quarter last year, which would indicate a positive year over year growth rate of 5.1%. The business is expected to announce its next quarterly earnings results on Thursday, July 18th.

According to Zacks, analysts expect that SAP will report full year earnings of $5.41 per share for the current financial year, with EPS estimates ranging from $5.26 to $5.61. For the next financial year, analysts expect that the firm will post earnings of $5.94 per share, with EPS estimates ranging from $5.74 to $6.17. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow SAP.

SAP (NYSE:SAP) last released its quarterly earnings results on Wednesday, April 24th. The software maker reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.01. The business had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.94 billion. SAP had a return on equity of 16.47% and a net margin of 16.44%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period last year, the firm posted $0.73 EPS.

SAP has been the topic of several recent analyst reports. ValuEngine lowered SAP from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. DZ Bank restated a “buy” rating on shares of SAP in a report on Tuesday, January 29th. Bank of America lowered shares of SAP from a “buy” rating to a “neutral” rating in a report on Monday, February 4th. Zacks Investment Research upgraded shares of SAP from a “hold” rating to a “buy” rating and set a $116.00 target price for the company in a report on Monday, February 4th. Finally, Royal Bank of Canada reiterated a “neutral” rating on shares of SAP in a report on Friday, February 8th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $121.50.

SAP stock traded up $0.08 during mid-day trading on Friday, reaching $129.16. 95,436 shares of the company were exchanged, compared to its average volume of 818,104. SAP has a 12 month low of $94.81 and a 12 month high of $130.16. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market cap of $141.03 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 2.43 and a beta of 1.02.

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 given a dividend of $1.6961 per share. The ex-dividend date is Thursday, May 16th. This represents a yield of 1.51%. SAP’s payout ratio is 26.27%.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers purchased a new position in SAP in the 3rd quarter valued at about $353,000. Bank of New York Mellon Corp boosted its holdings in SAP by 394.1% in the third quarter. Bank of New York Mellon Corp now owns 312,116 shares of the software maker’s stock worth $38,390,000 after purchasing an additional 248,945 shares during the period. JPMorgan Chase & Co. lifted its stake in SAP by 12.5% in the third quarter. JPMorgan Chase & Co. now owns 360,305 shares of the software maker’s stock valued at $44,318,000 after buying an additional 40,007 shares during the last quarter. LPL Financial LLC lifted its stake in SAP by 10.8% in the third quarter. LPL Financial LLC now owns 17,804 shares of the software maker’s stock valued at $2,190,000 after buying an additional 1,729 shares during the last quarter. Finally, Vident Investment Advisory LLC bought a new stake in shares of SAP during the third quarter valued at about $209,000. 4.57% of the stock is owned by institutional investors and hedge funds.

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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