Equities analysts forecast that SAP SE (NYSE:SAP) will announce $7.45 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for SAP’s earnings, with the lowest sales estimate coming in at $7.35 billion and the highest estimate coming in at $7.55 billion. SAP reported sales of $7.00 billion during the same quarter last year, which indicates a positive year over year growth rate of 6.4%. The business is expected to announce its next earnings report on Thursday, October 17th.

On average, analysts expect that SAP will report full year sales of $30.69 billion for the current financial year, with estimates ranging from $30.52 billion to $30.92 billion. For the next financial year, analysts anticipate that the business will report sales of $32.77 billion, with estimates ranging from $32.36 billion to $33.26 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for SAP.

SAP (NYSE:SAP) last announced its earnings results on Thursday, July 18th. The software maker reported $1.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.09. SAP had a net margin of 11.95% and a return on equity of 15.39%. The business had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter last year, the firm earned $0.98 earnings per share. SAP’s quarterly revenue was up 11.0% on a year-over-year basis.

A number of research firms have commented on SAP. Zacks Investment Research cut shares of SAP from a “hold” rating to a “sell” rating and set a $134.00 price target for the company. in a report on Tuesday, July 23rd. JMP Securities raised their price target on shares of SAP from $131.00 to $150.00 and gave the stock a “market outperform” rating in a report on Thursday, April 25th. Barclays reduced their price target on shares of SAP from $143.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, July 19th. DZ Bank restated a “buy” rating on shares of SAP in a report on Thursday, July 18th. Finally, Deutsche Bank cut shares of SAP from a “buy” rating to a “hold” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $125.63.

NYSE SAP traded down $1.71 during mid-day trading on Thursday, reaching $117.99. 341,500 shares of the stock were exchanged, compared to its average volume of 809,617. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $146.17 billion, a P/E ratio of 26.05, a P/E/G ratio of 2.64 and a beta of 1.08. The stock has a 50 day simple moving average of $127.16 and a 200-day simple moving average of $120.54. SAP has a one year low of $94.81 and a one year high of $140.62.

Several hedge funds and other institutional investors have recently modified their holdings of SAP. Comerica Securities Inc. grew its holdings in shares of SAP by 40.6% during the fourth quarter. Comerica Securities Inc. now owns 4,263 shares of the software maker’s stock valued at $424,000 after buying an additional 1,231 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of SAP by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 17,658 shares of the software maker’s stock valued at $1,757,000 after buying an additional 390 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of SAP during the first quarter valued at about $575,000. Virtu Financial LLC acquired a new position in shares of SAP during the first quarter valued at about $450,000. Finally, Raymond James Trust N.A. grew its holdings in shares of SAP by 9.7% during the first quarter. Raymond James Trust N.A. now owns 8,485 shares of the software maker’s stock valued at $979,000 after buying an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 4.96% of the company’s stock.

About SAP

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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Earnings History and Estimates for SAP (NYSE:SAP)

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