Jefferies Group Equities Analysts Raise Earnings Estimates for Sage Group PLC (SGPYY)

Sage Group PLC (OTCMKTS:SGPYY) – Equities research analysts at Jefferies Group raised their FY2018 earnings per share estimates for shares of Sage Group in a research note issued on Thursday. Jefferies Group analyst V. Anand now forecasts that the technology company will post earnings per share of $1.74 for the year, up from their prior forecast of $1.69. Jefferies Group also issued estimates for Sage Group’s FY2019 earnings at $1.90 EPS, FY2020 earnings at $2.22 EPS, FY2021 earnings at $2.48 EPS and FY2022 earnings at $2.80 EPS.

Several other analysts have also recently weighed in on SGPYY. Bryan, Garnier & Co raised Sage Group from a “neutral” rating to a “buy” rating in a report on Friday, September 22nd. Zacks Investment Research raised Sage Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Barclays PLC raised Sage Group from an “underweight” rating to an “equal weight” rating in a report on Thursday, September 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy”.

Shares of Sage Group (SGPYY) opened at $43.86 on Monday. Sage Group has a 1-year low of $30.43 and a 1-year high of $43.86. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.97 and a current ratio of 0.97.

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About Sage Group

The Sage Group plc engages in the development and distribution of business management software and related products and services for small and medium sized businesses. It offers software and services for accounting and payroll, enterprise resource planning, customer relationship management, and payments.

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