SAP (NYSE:SAP) Releases Earnings Results, Misses Estimates By $0.02 EPS

SAP (NYSE:SAP) issued its earnings results on Tuesday. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02), Zacks reports. SAP had a return on equity of 11.44% and a net margin of 8.15%.

SAP Stock Performance

Shares of NYSE SAP opened at $273.49 on Wednesday. The stock has a market cap of $335.99 billion, a price-to-earnings ratio of 109.40, a P/E/G ratio of 3.89 and a beta of 1.22. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP has a 1-year low of $173.05 and a 1-year high of $277.36. The stock’s 50-day moving average is $250.48 and its 200 day moving average is $231.22.

Analyst Ratings Changes

SAP has been the subject of a number of analyst reports. Barclays increased their price target on SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. JMP Securities increased their price target on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets increased their price target on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and increased their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $276.00.

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.