SAP (NYSE:SAP) Announces Earnings Results

SAP (NYSE:SAP) issued its quarterly earnings data on Monday. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08), Briefing.com reports. The firm 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 business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 earnings per share.

SAP Stock Performance

Shares of SAP opened at $229.48 on Tuesday. SAP has a 1 year low of $130.08 and a 1 year high of $232.23. The company’s 50 day simple moving average is $221.85 and its 200 day simple moving average is $203.77. The company has a market capitalization of $281.92 billion, a price-to-earnings ratio of 98.91, a PEG ratio of 4.37 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays lifted their price target on SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. BMO Capital Markets lifted their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. JMP Securities raised their price objective on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 23rd. Finally, TD Cowen upped their target price on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $235.00.

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.