Zacks: Brokerages Anticipate SAP SE (SAP) Will Post Earnings of $1.14 Per Share
Brokerages expect SAP SE (NYSE:SAP) to report earnings of $1.14 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for SAP SE’s earnings, with the lowest EPS estimate coming in at $1.12 and the highest estimate coming in at $1.15. SAP SE posted earnings per share of $1.02 during the same quarter last year, which would indicate a positive year over year growth rate of 11.8%. The company is scheduled to report its next earnings report on Friday, October 20th.
On average, analysts expect that SAP SE will report full-year earnings of $4.84 per share for the current financial year, with EPS estimates ranging from $4.76 to $4.96. For the next fiscal year, analysts expect that the company will report earnings of $5.21 per share, with EPS estimates ranging from $4.98 to $5.43. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow SAP SE.
A number of analysts recently commented on SAP shares. BMO Capital Markets decreased their price objective on shares of SAP SE from $105.00 to $95.00 and set a “market perform” rating on the stock in a report on Wednesday, April 26th. Stifel Nicolaus downgraded shares of SAP SE from a “hold” rating to a “sell” rating and set a $102.13 price objective on the stock. in a report on Wednesday, April 26th. Cowen and Company reissued an “outperform” rating and set a $110.00 price objective (up previously from $105.00) on shares of SAP SE in a report on Saturday, April 29th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $115.00 price objective (up previously from $107.00) on shares of SAP SE in a report on Friday, June 9th. Finally, CIBC upped their price target on shares of SAP SE from $107.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. SAP SE has an average rating of “Buy” and a consensus target price of $95.69.
Institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its position in SAP SE by 32.4% in the second quarter. Parallel Advisors LLC now owns 957 shares of the software maker’s stock worth $101,000 after buying an additional 234 shares in the last quarter. IFP Advisors Inc raised 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 worth $110,000 after buying an additional 187 shares in the last quarter. Trust Co. of Vermont raised 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 worth $111,000 after buying an additional 157 shares in the last quarter. Coconut Grove Bank raised 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 worth $112,000 after buying an additional 220 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new position in SAP SE during the second quarter worth $132,000. 3.71% of the stock is owned by institutional investors and hedge funds.
SAP SE (NYSE SAP) traded up 0.44% on Tuesday, hitting $105.39. 283,538 shares of the company traded hands. SAP SE has a 12 month low of $80.93 and a 12 month high of $108.72. The stock’s 50-day moving average is $105.04 and its 200 day moving average is $101.18. The stock has a market cap of $126.35 billion, a PE ratio of 31.23 and a beta of 1.12.
SAP SE declared that its board has authorized a share repurchase plan on Thursday, July 20th that permits the company to repurchase shares. This repurchase authorization permits the software maker to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
About SAP SE
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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