SAP AG (SAP) Releases Quarterly Earnings Results, Beats Estimates By $0.25 EPS
SAP AG (NYSE:SAP) released its earnings data on Thursday. The company reported $1.01 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.76 by $0.25, Analyst Ratings Network.com reports.
A number of research firms have recently commented on SAP. Analysts at Zacks reiterated a “neutral” rating on shares of SAP AG in a research note on Friday, May 23rd. They now have a $78.00 price target on the stock. Analysts at BMO Capital Markets initiated coverage on shares of SAP AG in a research note on Friday, May 9th. They set a “market perform” rating and a $80.00 price target on the stock. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $77.66.
SAP AG (NYSE:SAP) opened at 79.64 on Thursday. SAP AG has a 1-year low of $69.71 and a 1-year high of $87.42. The stock’s 50-day moving average is $77.00 and its 200-day moving average is $78.58. The company has a market cap of $95.051 billion and a P/E ratio of 20.59.
Sap AG is engaged in enterprise applications in terms of software and software-related service revenue.