Analysts expect SAP SE (NYSE:SAP) to post $9.36 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for SAP's earnings, with the lowest sales estimate coming in at $9.28 billion and the highest estimate coming in at $9.44 billion. SAP posted sales of $8.99 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4.1%. The company is expected to announce its next quarterly earnings results on Friday, February 4th.
On average, analysts expect that SAP will report full year sales of $32.52 billion for the current financial year, with estimates ranging from $32.10 billion to $33.13 billion. For the next year, analysts anticipate that the firm will post sales of $34.26 billion, with estimates ranging from $33.69 billion to $35.25 billion. Zacks Investment Research's sales averages are an average based on a survey of research analysts that that provide coverage for SAP.
SAP (NYSE:SAP) last issued its quarterly earnings data on Thursday, October 21st. The software maker reported $1.49 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.01 by $0.48. The company had revenue of $8.07 billion for the quarter, compared to the consensus estimate of $8.17 billion. SAP had a net margin of 20.82% and a return on equity of 18.37%.
Several research analysts have weighed in on SAP shares. Morgan Stanley reiterated an "overweight" rating on shares of SAP in a research report on Friday, October 22nd. Royal Bank of Canada decreased their price target on shares of SAP from $41.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, November 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $115.67.
Shares of SAP stock opened at $135.39 on Friday. The company has a market cap of $166.33 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 3.12 and a beta of 1.10. The company's 50 day moving average is $139.77 and its 200 day moving average is $142.47. SAP has a twelve month low of $119.88 and a twelve month high of $151.48. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Evoke Wealth LLC increased its stake in shares of SAP by 196.8% in the third quarter. Evoke Wealth LLC now owns 187 shares of the software maker's stock worth $25,000 after purchasing an additional 124 shares in the last quarter. Trustcore Financial Services LLC grew its stake in SAP by 183.3% during the second quarter. Trustcore Financial Services LLC now owns 204 shares of the software maker's stock valued at $29,000 after acquiring an additional 132 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new position in SAP during the third quarter valued at $30,000. Ancora Advisors LLC grew its stake in SAP by 216.0% during the third quarter. Ancora Advisors LLC now owns 316 shares of the software maker's stock valued at $43,000 after acquiring an additional 216 shares in the last quarter. Finally, Atlas Capital Advisors LLC grew its stake in SAP by 50.0% during the second quarter. Atlas Capital Advisors LLC now owns 345 shares of the software maker's stock valued at $48,000 after acquiring an additional 115 shares in the last quarter. 4.17% of the stock is owned by hedge funds and other institutional investors.
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