SAP SE (SAP) Scheduled to Post Earnings on Thursday
SAP SE (NYSE:SAP) is scheduled to release its earnings data before the market opens on Thursday, October 19th. Analysts expect SAP SE to post earnings of $0.89 per share for the quarter.
SAP SE (NYSE SAP) opened at 112.66 on Thursday. The company has a market capitalization of $135.07 billion, a P/E ratio of 32.66 and a beta of 1.10. The firm has a 50-day moving average of $108.59 and a 200-day moving average of $104.82. SAP SE has a one year low of $80.93 and a one year high of $112.80.
SAP SE announced that its board has initiated a share repurchase plan on Thursday, July 20th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the software maker to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of equities research analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “sell” rating and issued a $75.00 price target on shares of SAP SE in a research report on Friday, July 14th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of SAP SE in a research report on Monday, June 26th. Berenberg Bank assumed coverage on SAP SE in a research report on Wednesday, August 23rd. They issued a “buy” rating on the stock. Zacks Investment Research raised SAP SE from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, DZ Bank AG reaffirmed a “buy” rating on shares of SAP SE in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $94.84.
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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