$7.50 Billion in Sales Expected for SAP SE (SAP) This Quarter

Equities research analysts forecast that SAP SE (NYSE:SAP) will post sales of $7.50 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for SAP’s earnings. The lowest sales estimate is $7.33 billion and the highest is $7.62 billion. SAP posted sales of $7.16 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.7%. The company is expected to issue its next quarterly earnings results on Thursday, July 18th.

On average, analysts expect that SAP will report full-year sales of $30.80 billion for the current year, with estimates ranging from $30.36 billion to $31.10 billion. For the next fiscal year, analysts anticipate that the business will report sales of $32.93 billion, with estimates ranging from $32.20 billion to $33.57 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for SAP.

SAP (NYSE:SAP) last announced its earnings results on Wednesday, April 24th. The software maker reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 12.81% and a return on equity of 15.57%. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the company posted $0.73 EPS.

A number of brokerages recently issued reports on SAP. JMP Securities reiterated a “buy” rating and set a $131.00 target price on shares of SAP in a research report on Wednesday, March 13th. DZ Bank restated a “buy” rating on shares of SAP in a research report on Wednesday, April 24th. CIBC restated a “hold” rating and issued a $44.00 price objective on shares of SAP in a research report on Friday, February 8th. Royal Bank of Canada raised their price objective on shares of SAP to $133.00 and gave the company a “positive” rating in a research report on Thursday, April 25th. Finally, UBS Group cut shares of SAP from a “buy” rating to a “neutral” rating and set a $112.00 price objective for the company. in a research report on Tuesday, April 9th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $113.22.

Shares of SAP stock opened at $126.49 on Friday. The stock has a market cap of $154.09 billion, a P/E ratio of 27.92, a PEG ratio of 2.73 and a beta of 1.04. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. SAP has a 12-month low of $94.81 and a 12-month high of $130.16.

The firm also recently announced an annual dividend, which was paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th were paid a $1.6961 dividend. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, May 16th. SAP’s dividend payout ratio (DPR) is presently 26.49%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC boosted its stake in shares of 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 purchasing an additional 240,014 shares during the last quarter. GQG Partners LLC boosted its stake in shares of 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 purchasing an additional 270,941 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of SAP by 0.8% in the 4th quarter. Bank of America Corp DE now owns 2,462,235 shares of the software maker’s stock valued at $245,116,000 after purchasing an additional 20,431 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of SAP by 3.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,858,946 shares of the software maker’s stock valued at $214,634,000 after purchasing an additional 54,430 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of 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 purchasing an additional 1,351,984 shares during the last quarter. 4.84% of the stock is currently owned by 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.

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