$0.89 EPS Expected for SAP SE (SAP) This Quarter
Analysts forecast that SAP SE (NYSE:SAP) will post $0.89 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for SAP SE’s earnings. SAP SE reported earnings of $0.68 per share during the same quarter last year, which indicates a positive year over year growth rate of 30.9%. The business is expected to announce its next earnings results on Friday, October 20th.
According to Zacks, analysts expect that SAP SE will report full year earnings of $3.94 per share for the current fiscal year. For the next financial year, analysts expect that the company will report earnings of $4.33 per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow SAP SE.
Several research analysts have issued reports on the stock. Morgan Stanley restated a “buy” rating on shares of SAP SE in a research report on Thursday, April 13th. William Blair decreased their price target on shares of SAP SE from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, April 17th. CIBC lifted their price target on shares of SAP SE from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, June 12th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $115.00 price target (up previously from $107.00) on shares of SAP SE in a research report on Friday, June 9th. Finally, Stifel Nicolaus restated a “sell” rating and issued a $75.00 price target on shares of SAP SE in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $95.69.
SAP SE (NYSE:SAP) traded up 0.1027% during midday trading on Friday, reaching $107.2801. The company had a trading volume of 102,239 shares. The company has a market capitalization of $128.62 billion, a P/E ratio of 32.1487 and a beta of 1.12. The company’s 50 day moving average is $105.10 and its 200-day moving average is $99.70. SAP SE has a 52-week low of $80.93 and a 52-week high of $108.72.
SAP SE declared that its board has authorized a stock repurchase program on Thursday, July 20th that permits the company to buyback outstanding shares. This buyback authorization permits the software maker to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
A number of institutional investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its position in SAP SE by 19.9% in the first quarter. IFP Advisors Inc now owns 1,125 shares of the software maker’s stock valued at $110,000 after buying an additional 187 shares during the last quarter. Trust Co. of Vermont boosted its position in SAP SE by 16.1% in the first quarter. Trust Co. of Vermont now owns 1,132 shares of the software maker’s stock valued at $111,000 after buying an additional 157 shares during the last quarter. Coconut Grove Bank boosted its position in SAP SE by 23.9% in the first quarter. Coconut Grove Bank now owns 1,140 shares of the software maker’s stock valued at $112,000 after buying an additional 220 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new position in SAP SE during the second quarter valued at $132,000. Finally, Huntington National Bank boosted its position in SAP SE by 51.5% in the first quarter. Huntington National Bank now owns 1,524 shares of the software maker’s stock valued at $150,000 after buying an additional 518 shares during the last quarter. Hedge funds and other institutional investors own 3.76% of the company’s stock.
SAP SE Company Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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