Wall Street brokerages predict that SAP SE (NYSE:SAP) will report $6.54 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for SAP’s earnings, with estimates ranging from $6.40 billion to $6.74 billion. SAP reported sales of $5.63 billion during the same quarter last year, which would suggest a positive year over year growth rate of 16.2%. The firm is expected to report its next quarterly earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that SAP will report full year sales of $6.54 billion for the current fiscal year, with estimates ranging from $29.66 billion to $30.22 billion. For the next year, analysts expect that the company will post sales of $31.92 billion per share, with estimates ranging from $31.49 billion to $32.38 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow SAP.
Several research analysts have commented on the stock. BMO Capital Markets reissued a “hold” rating and issued a $116.00 price target on shares of SAP in a report on Wednesday. Cleveland Research downgraded shares of SAP from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. Royal Bank of Canada reaffirmed a “neutral” rating on shares of SAP in a report on Monday, October 16th. DZ Bank reaffirmed a “buy” rating on shares of SAP in a report on Friday, January 19th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of SAP in a report on Monday, October 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. SAP currently has a consensus rating of “Buy” and an average price target of $102.64.
A number of large investors have recently modified their holdings of the stock. Sterling Capital Management LLC raised its position in SAP by 3.5% in the 2nd quarter. Sterling Capital Management LLC now owns 5,267 shares of the software maker’s stock worth $551,000 after purchasing an additional 179 shares during the period. Investment House LLC raised its position in SAP by 0.9% in the 3rd quarter. Investment House LLC now owns 52,808 shares of the software maker’s stock worth $5,790,000 after purchasing an additional 450 shares during the period. Eqis Capital Management Inc. raised its position in SAP by 2.6% in the 4th quarter. Eqis Capital Management Inc. now owns 18,062 shares of the software maker’s stock worth $2,029,000 after purchasing an additional 456 shares during the period. Harbour Capital Advisors LLC raised its position in SAP by 7.4% in the 4th quarter. Harbour Capital Advisors LLC now owns 6,855 shares of the software maker’s stock worth $770,000 after purchasing an additional 470 shares during the period. Finally, Davis Selected Advisers raised its position in SAP by 0.3% in the 3rd quarter. Davis Selected Advisers now owns 141,865 shares of the software maker’s stock worth $15,537,000 after purchasing an additional 486 shares during the period. Institutional investors own 3.65% of the company’s stock.
SAP 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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