Zacks: Analysts Anticipate SAP SE (NYSE:SAP) Will Post Quarterly Sales of $7.77 Billion

Analysts expect that SAP SE (NYSE:SAPGet Rating) will announce $7.77 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for SAP’s earnings, with estimates ranging from $7.53 billion to $8.01 billion. SAP posted sales of $8.03 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.2%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that SAP will report full-year sales of $32.44 billion for the current financial year, with estimates ranging from $31.58 billion to $32.91 billion. For the next financial year, analysts anticipate that the company will post sales of $34.47 billion, with estimates ranging from $33.39 billion to $35.25 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover SAP.

SAP has been the subject of a number of analyst reports. Zacks Investment Research upgraded SAP from a “strong sell” rating to a “hold” rating and set a $113.00 price target for the company in a research report on Monday, March 14th. Cowen cut their price objective on SAP from $145.00 to $136.00 and set a “market perform” rating for the company in a report on Friday, January 28th. Credit Suisse Group cut their price objective on SAP from €152.00 ($160.00) to €142.00 ($149.47) and set an “outperform” rating for the company in a report on Monday, April 25th. JPMorgan Chase & Co. cut their price objective on SAP from €135.00 ($142.11) to €115.00 ($121.05) and set a “neutral” rating for the company in a report on Monday, April 25th. Finally, Jefferies Financial Group cut their price objective on SAP from €130.00 ($136.84) to €120.00 ($126.32) and set a “buy” rating for the company in a report on Friday, April 22nd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $110.44.

NYSE:SAP opened at $100.00 on Wednesday. SAP has a 12-month low of $98.90 and a 12-month high of $151.48. The firm has a market capitalization of $122.85 billion, a P/E ratio of 20.33, a P/E/G ratio of 5.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50 day simple moving average of $108.58 and a 200 day simple moving average of $126.07.

The company also recently announced an annual dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Friday, May 20th will be paid a $2.66 dividend. The ex-dividend date of this dividend is Thursday, May 19th. This represents a yield of 1.9%. This is an increase from SAP’s previous annual dividend of $2.19. SAP’s payout ratio is 33.13%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Yousif Capital Management LLC bought a new stake in shares of SAP during the 4th quarter worth about $2,680,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in SAP by 237.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,025 shares of the software maker’s stock valued at $1,489,000 after purchasing an additional 7,754 shares during the period. Becker Capital Management Inc. boosted its stake in SAP by 0.4% during the 4th quarter. Becker Capital Management Inc. now owns 181,615 shares of the software maker’s stock valued at $25,446,000 after purchasing an additional 762 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in SAP by 0.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 104,255 shares of the software maker’s stock valued at $14,079,000 after purchasing an additional 902 shares during the period. Finally, Crawford Investment Counsel Inc. boosted its stake in SAP by 3.3% during the 4th quarter. Crawford Investment Counsel Inc. now owns 431,026 shares of the software maker’s stock valued at $60,391,000 after purchasing an additional 13,635 shares during the period.

SAP Company Profile (Get Rating)

SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The company operates through three segments: Applications, Technology & Support; Qualtrics; and Services. It offers SAP S/4HANA, an ERP suite with intelligent technologies, such as artificial intelligence, machine learning, and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions, such as a human resources management system for core HR and payroll, talent management, employee experience management, and people analytics; and intelligent spend management solutions, including products branded under the SAP Ariba, SAP Concur, and SAP Fieldglass names.

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