SAP (NYSE:SAP) Releases Earnings Results, Misses Estimates By $0.08 EPS

SAP (NYSE:SAP) issued its quarterly earnings data on Monday. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08), Briefing.com reports. The business had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.20 earnings per share.

SAP Stock Performance

NYSE SAP opened at $232.32 on Wednesday. The business has a 50 day moving average price of $222.27 and a 200 day moving average price of $204.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $285.41 billion, a P/E ratio of 50.39, a PEG ratio of 4.37 and a beta of 1.25. SAP has a 1-year low of $130.08 and a 1-year high of $237.72.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SAP. JMP Securities increased their price target on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Barclays increased their target price on shares of SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. BMO Capital Markets boosted their price target on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, TD Cowen boosted their target price on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, SAP presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.50.

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.