SAP (NYSE:SAP) Announces Quarterly Earnings Results

SAP (NYSE:SAP) released its earnings results on Monday. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08), Briefing.com reports. The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. SAP’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 EPS.

SAP Trading Up 1.0 %

Shares of NYSE:SAP traded up $2.28 on Wednesday, hitting $234.60. The company had a trading volume of 1,099,264 shares, compared to its average volume of 793,965. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. SAP has a 1 year low of $130.63 and a 1 year high of $237.72. The firm’s 50-day simple moving average is $222.71 and its two-hundred day simple moving average is $204.27. The firm has a market capitalization of $288.21 billion, a price-to-earnings ratio of 50.89, a P/E/G ratio of 4.37 and a beta of 1.25.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. JMP Securities lifted their price objective on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday. Barclays lifted their price target on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday. TD Cowen increased their price objective on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research note on Tuesday. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets upped their price target on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $252.33.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.