SAP (NYSE:SAP) Issues Earnings Results

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.

Several institutional investors and hedge funds have recently bought and sold shares of SAP. Lazard Asset Management LLC lifted its holdings in shares of SAP by 326.9% during the first quarter. Lazard Asset Management LLC now owns 1,765,545 shares of the software maker’s stock worth $203,849,000 after buying an additional 1,351,984 shares in the last quarter. GQG Partners LLC lifted its holdings in shares of SAP by 108.4% during the fourth quarter. GQG Partners LLC now owns 2,218,850 shares of the software maker’s stock worth $220,951,000 after buying an additional 1,153,894 shares in the last quarter. FMR LLC lifted its holdings in shares of SAP by 32.1% during the fourth quarter. FMR LLC now owns 3,515,919 shares of the software maker’s stock worth $350,010,000 after buying an additional 854,993 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of SAP during the first quarter worth $56,261,000. Finally, Deutsche Bank AG lifted its holdings in shares of SAP by 5,035.6% during the fourth quarter. Deutsche Bank AG now owns 239,009 shares of the software maker’s stock worth $23,792,000 after buying an additional 234,355 shares in the last quarter. 4.84% of the stock is owned by institutional investors.

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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Earnings History for SAP (NYSE:SAP)

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