Wall Street brokerages forecast that SAP SE (NYSE:SAP) will report $7.99 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for SAP’s earnings, with the lowest sales estimate coming in at $7.91 billion and the highest estimate coming in at $8.19 billion. SAP posted sales of $7.26 billion in the same quarter last year, which suggests a positive year over year growth rate of 10.1%. The company is expected to issue its next quarterly earnings results on Tuesday, January 23rd.
According to Zacks, analysts expect that SAP will report full-year sales of $7.99 billion for the current fiscal year, with estimates ranging from $27.46 billion to $27.85 billion. For the next fiscal year, analysts forecast that the firm will report sales of $29.13 billion per share, with estimates ranging from $28.93 billion to $29.40 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover SAP.
SAP (NYSE:SAP) last announced its quarterly earnings data on Thursday, October 19th. The software maker reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.12. SAP had a return on equity of 15.43% and a net margin of 15.80%. The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.68 billion. The company’s quarterly revenue was up 4.0% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently bought and sold shares of SAP. Harding Loevner LP boosted its position in SAP by 4,590.3% during the third quarter. Harding Loevner LP now owns 267,928,144 shares of the software maker’s stock worth $402,798,000 after purchasing an additional 262,215,799 shares in the last quarter. Harbour Capital Advisors LLC lifted its position in shares of SAP by 10,198.2% in the second quarter. Harbour Capital Advisors LLC now owns 478,865 shares of the software maker’s stock valued at $4,575,000 after acquiring an additional 474,215 shares in the last quarter. FMR LLC lifted its position in shares of SAP by 6,475.0% in the second quarter. FMR LLC now owns 396,409 shares of the software maker’s stock valued at $41,493,000 after acquiring an additional 390,380 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of SAP in the third quarter valued at $33,601,000. Finally, Sustainable Growth Advisers LP lifted its position in shares of SAP by 8.9% in the second quarter. Sustainable Growth Advisers LP now owns 2,567,035 shares of the software maker’s stock valued at $268,691,000 after acquiring an additional 210,664 shares in the last quarter. Institutional investors own 3.75% of the company’s stock.
Shares of SAP (NYSE:SAP) traded down $0.67 during mid-day trading on Monday, reaching $115.74. The company had a trading volume of 394,022 shares, compared to its average volume of 708,981. SAP has a 52-week low of $81.30 and a 52-week high of $116.90. The firm has a market capitalization of $141,700.00, a price-to-earnings ratio of 32.43, a PEG ratio of 3.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 1.18.
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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