SAP Aktiengesellschaft (SAP) Announces Quarterly Earnings Results, Beats Estimates By $0.19 EPS
SAP Aktiengesellschaft (NYSE:SAP) released its earnings data on Monday. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19, AnalystRatingsNetwork reports. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis.
Shares of SAP Aktiengesellschaft (NYSE:SAP) opened at 73.75 on Monday. SAP Aktiengesellschaft has a one year low of $68.25 and a one year high of $84.66. The stock has a 50-day moving average of $73.15 and a 200-day moving average of $75.50. The company has a market cap of $87.947 billion and a P/E ratio of 22.98.
SAP has been the subject of a number of recent research reports. Analysts at CIBC reiterated a “hold” rating on shares of SAP Aktiengesellschaft in a research note to investors on Wednesday, October 9th. They now have a $50.00 price target on the stock. On a related note, analysts at Santander upgraded shares of SAP Aktiengesellschaft from an “underweight” rating to a “hold” rating in a research note to investors on Wednesday, September 11th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of SAP Aktiengesellschaft in a research note to investors on Thursday, September 5th. They now have a $75.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $79.40.
Sap AG is a Germany-based holding company of the SAP Group, which is engaged in enterprise applications solutions development.
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