SAP (NYSE:SAP) released its quarterly earnings data on Thursday. The software maker reported $1.09 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.09, Briefing.com reports. SAP had a net margin of 11.95% and a return on equity of 15.18%. The firm had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the previous year, the business posted $0.98 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. SAP updated its FY 2020 guidance to EPS.
SAP opened at $124.63 on Friday. SAP has a fifty-two week low of $94.81 and a fifty-two week high of $140.62. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $153.11 billion, a P/E ratio of 27.51, a P/E/G ratio of 2.72 and a beta of 1.07. The stock’s fifty day moving average price is $132.51.
A number of equities analysts have commented on the stock. Royal Bank of Canada lifted their price objective on shares of Principal Financial Group to $55.00 and gave the stock a “market perform” rating in a research report on Monday, April 29th. JMP Securities reduced their price objective on shares of Tesla from $374.00 to $369.00 and set a “market outperform” rating for the company in a research report on Thursday, April 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $45.00 price objective on shares of SAP in a research report on Wednesday, May 1st. Stifel Nicolaus raised shares of Waste Connections from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $88.00 to $105.00 in a research report on Thursday, April 25th. Finally, Argus lifted their price objective on shares of Thermo Fisher Scientific from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $111.50.
SAP Company Profile
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.
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