Analysts Anticipate SAP SE (NYSE:SAP) to Announce $1.54 EPS

Analysts expect SAP SE (NYSE:SAP) to post $1.54 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for SAP’s earnings. The lowest EPS estimate is $1.49 and the highest is $1.61. SAP posted earnings per share of $1.98 during the same quarter last year, which suggests a negative year over year growth rate of 22.2%. The business is expected to report its next earnings results before the market opens on Thursday, October 21st.

On average, analysts expect that SAP will report full-year earnings of $7.15 per share for the current fiscal year, with EPS estimates ranging from $6.98 to $7.24. For the next fiscal year, analysts forecast that the company will report earnings of $6.24 per share, with EPS estimates ranging from $5.69 to $6.66. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for SAP.

SAP (NYSE:SAP) last issued its earnings results on Wednesday, July 21st. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.72. SAP had a net margin of 21.60% and a return on equity of 19.90%. The company had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.70 billion. During the same period in the prior year, the business earned $1.17 EPS. The firm’s quarterly revenue was down 1.1% on a year-over-year basis.

A number of analysts recently commented on the stock. Royal Bank of Canada lowered their target price on shares of SAP from $47.00 to $43.00 and set an “outperform” rating for the company in a research note on Tuesday, September 21st. DZ Bank reiterated a “neutral” rating on shares of SAP in a research note on Wednesday, June 16th. Societe Generale reiterated a “buy” rating on shares of SAP in a research note on Thursday, July 22nd. UBS Group reiterated a “neutral” rating on shares of SAP in a research note on Thursday, July 22nd. Finally, Oddo Bhf cut shares of SAP from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, SAP presently has an average rating of “Hold” and an average price target of $123.70.

A number of hedge funds and other institutional investors have recently modified their holdings of SAP. FNY Investment Advisers LLC acquired a new stake in SAP during the 3rd quarter worth $1,889,000. Capital Insight Partners LLC boosted its stake in SAP by 77.7% during the 3rd quarter. Capital Insight Partners LLC now owns 18,226 shares of the software maker’s stock worth $2,461,000 after purchasing an additional 7,970 shares during the last quarter. Private Capital Group LLC boosted its stake in SAP by 5.6% during the 3rd quarter. Private Capital Group LLC now owns 1,920 shares of the software maker’s stock worth $259,000 after purchasing an additional 101 shares during the last quarter. Koshinski Asset Management Inc. acquired a new stake in SAP during the 3rd quarter worth $63,000. Finally, Timber Creek Capital Management LLC acquired a new stake in SAP during the 3rd quarter worth $5,717,000. 4.18% of the stock is owned by institutional investors.

Shares of NYSE:SAP traded up $7.02 during trading on Wednesday, reaching $141.65. The stock had a trading volume of 989,703 shares, compared to its average volume of 744,771. SAP has a one year low of $104.64 and a one year high of $158.70. The company has a market capitalization of $174.02 billion, a P/E ratio of 23.93, a PEG ratio of 2.84 and a beta of 1.03. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.33. The firm’s 50-day simple moving average is $144.10 and its 200 day simple moving average is $141.33.

About SAP

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

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