SAP (NYSE:SAP) Releases Q4 Earnings Guidance

SAP (NYSE:SAP) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.86 for the period, compared to the Thomson Reuters consensus estimate of $1.63. The company issued revenue guidance of 7.98 billion, compared to the consensus revenue estimate of $7.75 billion.

Shares of NYSE:SAP opened at $138.90 on Friday. The firm has a market capitalization of $166.97 billion, a PE ratio of 24.03, a P/E/G ratio of 4.57 and a beta of 1.11. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50-day moving average of $138.05 and a two-hundred day moving average of $142.11. SAP has a 12 month low of $120.08 and a 12 month high of $151.48.

SAP (NYSE:SAP) last announced its quarterly earnings results on Thursday, October 21st. The software maker reported $1.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.48. The company had revenue of $8.07 billion during the quarter, compared to analyst estimates of $8.17 billion. SAP had a return on equity of 18.37% and a net margin of 20.82%. As a group, research analysts anticipate that SAP will post 5.14 earnings per share for the current year.

Several equities research analysts have commented on SAP shares. Morgan Stanley restated an overweight rating on shares of SAP in a research note on Friday, October 22nd. Royal Bank of Canada lowered their target price on SAP from $41.00 to $40.00 and set an outperform rating for the company in a research note on Friday, November 5th. Finally, UBS Group upgraded SAP from a neutral rating to a buy rating in a research note on Monday, December 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $115.67.

An institutional investor recently raised its position in SAP stock. Morgan Stanley boosted its holdings in SAP SE (NYSE:SAP) by 2.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 478,867 shares of the software maker’s stock after purchasing an additional 9,654 shares during the period. Morgan Stanley’s holdings in SAP were worth $67,260,000 at the end of the most recent reporting period. 4.08% of the stock is currently owned by hedge funds and other institutional investors.

About SAP

SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Services; Intelligent Spend Group; and Qualtrics. The Applications, Technology, and Services segment includes software licenses, cloud subscriptions, and related services.

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