SAP (NYSE:SAP) Issues Quarterly Earnings Results

SAP (NYSE:SAP) announced its quarterly earnings data on Tuesday. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02), Zacks reports. SAP had a return on equity of 11.44% and a net margin of 8.15%.

SAP Stock Down 0.4 %

Shares of NYSE:SAP opened at $275.31 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP has a 12-month low of $173.05 and a 12-month high of $277.36. The company has a fifty day simple moving average of $249.60 and a 200 day simple moving average of $230.70. The firm has a market cap of $338.22 billion, a PE ratio of 110.13, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22.

Wall Street Analyst Weigh In

SAP has been the topic of a number of research analyst reports. JMP Securities lifted their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Barclays lifted their target price on shares of SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. TD Cowen raised SAP from a “hold” rating to a “buy” rating and raised their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, BMO Capital Markets upped their target price on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $276.00.

About SAP

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.