SAP (NYSE:SAP) Issues Quarterly Earnings Results, Misses Estimates By $0.08 EPS

SAP (NYSE:SAP) issued its quarterly earnings results on Monday. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08), Briefing.com reports. SAP had a return on equity of 10.98% and a net margin of 7.74%. The business had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same period in the previous year, the business posted $1.20 earnings per share. The firm’s quarterly revenue was up 9.4% on a year-over-year basis.

SAP Price Performance

SAP stock opened at $229.48 on Tuesday. The firm has a market cap of $281.92 billion, a P/E ratio of 98.91, a price-to-earnings-growth 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. SAP has a 1 year low of $130.08 and a 1 year high of $232.23. The stock has a 50-day simple moving average of $221.85 and a 200-day simple moving average of $203.77.

Wall Street Analyst Weigh In

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

SAP Company Profile

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.