SAP (SAP) Set to Announce Quarterly Earnings on Thursday

SAP (NYSE:SAP – Get Rating) is set to post its quarterly earnings results before the market opens on Thursday, January 26th. Analysts expect SAP to post earnings of $1.38 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

SAP (NYSE:SAP – Get Rating) last released its quarterly earnings results on Tuesday, October 25th. The software maker reported $0.66 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.12). SAP had a return on equity of 7.82% and a net margin of 10.71%. The firm had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.48 billion. On average, analysts expect SAP to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

SAP Trading Down 0.4 %

SAP opened at $116.19 on Wednesday. SAP has a 52 week low of $78.22 and a 52 week high of $134.35. The business has a fifty day simple moving average of $109.31 and a 200-day simple moving average of $96.65. The firm has a market cap of $137.06 billion, a P/E ratio of 38.73, a P/E/G ratio of 1.49 and a beta of 1.13. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.21.

Institutional Trading of SAP

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital International Investors raised its stake in SAP by 58.2% in the first quarter. Capital International Investors now owns 4,700,206 shares of the software maker’s stock valued at $524,270,000 after buying an additional 1,729,492 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of SAP by 230.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,389,447 shares of the software maker’s stock worth $154,173,000 after purchasing an additional 969,505 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of SAP by 4.0% during the second quarter. Goldman Sachs Group Inc. now owns 1,359,398 shares of the software maker’s stock worth $123,325,000 after purchasing an additional 52,207 shares in the last quarter. First Trust Advisors LP increased its position in shares of SAP by 5.9% during the first quarter. First Trust Advisors LP now owns 1,170,432 shares of the software maker’s stock worth $129,871,000 after purchasing an additional 65,570 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of SAP by 3.6% during the first quarter. Royal Bank of Canada now owns 749,707 shares of the software maker’s stock worth $83,188,000 after purchasing an additional 26,148 shares in the last quarter. 5.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Jefferies Financial Group lowered SAP from a “buy” rating to an “underperform” rating in a research report on Thursday, November 17th. Deutsche Bank Aktiengesellschaft raised their price target on SAP from €115.00 ($125.00) to €120.00 ($130.43) and gave the stock a “buy” rating in a research report on Thursday, January 12th. Morgan Stanley decreased their target price on SAP from €122.00 ($132.61) to €115.00 ($125.00) and set an “overweight” rating for the company in a report on Friday, October 14th. Cowen lifted their target price on SAP from $106.00 to $116.00 and gave the company a “market perform” rating in a report on Thursday, January 19th. Finally, Citigroup lifted their target price on SAP from €95.00 ($103.26) to €100.00 ($108.70) and gave the company a “neutral” rating in a report on Wednesday, October 26th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $112.73.

About SAP

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SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Support; Qualtrics; and Services. The Applications, Technology, and Services segment includes sale of software licenses, support offerings, and cloud subscriptions.