SAP (NYSE:SAP) Issues Q1 2021 Earnings Guidance

SAP (NYSE:SAP) updated its first quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.688-1.688 for the period. The company issued revenue guidance of $7.66 billion-$7.66 billion.

Several research firms recently issued reports on SAP. DZ Bank reiterated a neutral rating on shares of SAP in a report on Thursday, April 22nd. Barclays raised their price target on SAP from $158.00 to $163.00 and gave the company an overweight rating in a report on Thursday, January 7th. Societe Generale reiterated a buy rating on shares of SAP in a report on Friday, April 9th. Morgan Stanley reiterated an overweight rating on shares of SAP in a report on Friday, April 23rd. Finally, Zacks Investment Research cut SAP from a hold rating to a sell rating and set a $139.00 target price on the stock. in a report on Thursday, February 4th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $135.33.

Shares of SAP stock traded down $4.30 on Tuesday, hitting $136.72. The company had a trading volume of 1,201,671 shares, compared to its average volume of 984,652. The firm has a market capitalization of $167.96 billion, a P/E ratio of 29.55, a P/E/G ratio of 4.33 and a beta of 1.03. SAP has a twelve month low of $104.64 and a twelve month high of $169.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a 50-day moving average of $131.67 and a 200-day moving average of $127.34.

SAP (NYSE:SAP) last released its quarterly earnings results on Thursday, January 28th. The software maker reported $1.69 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by ($0.02). The company had revenue of $7.54 billion during the quarter, compared to analyst estimates of $7.44 billion. SAP had a net margin of 17.59% and a return on equity of 17.39%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 EPS. Equities analysts predict that SAP will post 5.31 EPS for the current year.

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 25th. Stockholders of record on Friday, May 14th will be given a $2.189 dividend. This represents a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, May 13th. This is a positive change from SAP’s previous annual dividend of $1.70. SAP’s payout ratio is currently 31.09%.

An institutional investor recently bought a new position in SAP stock. OLD Mission Capital LLC acquired a new position in SAP SE (NYSE:SAP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 42,070 shares of the software maker’s stock, valued at approximately $6,555,000.

SAP Company Profile

SAP SE operates as an enterprise application software company worldwide. The company operates through four segments: Applications, Technology & Support; Concur; Qualtrics; and Services. It offers SAP S/4HANA, an enterprise resource planning suite for intelligent technologies; SAP Integrated Business Planning for Supply Chain, a cloud-based solution that delivers real-time supply chain planning capabilities; SAP Intelligent Asset Management, a solution that helps to define, plan, and monitor service and maintenance strategy; SAP SuccessFactors Human Experience Management Suite, a cloud software that helps to develop, manage, and engage people; SAP Ariba, a digital business-to-business marketplace; SAP Concur, a travel and expense management software; and SAP Fieldglass, a cloud application for services procurement and contingent workforce management.

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