The Sage Group (LON:SGE) Announces Earnings Results

The Sage Group (LON:SGE) announced its quarterly earnings results on Friday. The company reported GBX 23.74 EPS for the quarter, Digital Look Earnings reports. The Sage Group had a net margin of 14.68% and a return on equity of 48.58%. The business had revenue of GBX 136.30 billion for the quarter.

The Sage Group Trading Down 0.5%

Shares of The Sage Group stock traded down GBX 4.60 on Friday, reaching GBX 885.20. The company had a trading volume of 9,015,213 shares, compared to its average volume of 43,865,230. The firm has a market cap of £8.09 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 1.22 and a beta of 0.30. The company has a debt-to-equity ratio of 219.31, a current ratio of 0.60 and a quick ratio of 0.58. The firm’s 50-day moving average price is GBX 863.97 and its two-hundred day moving average price is GBX 953.46. The Sage Group has a 1 year low of GBX 771.66 and a 1 year high of GBX 1,335.

Analyst Ratings Changes

SGE has been the topic of a number of research analyst reports. Jefferies Financial Group decreased their target price on The Sage Group from GBX 1,350 to GBX 1,100 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Shore Capital Group reaffirmed a “hold” rating on shares of The Sage Group in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating on the stock in a report on Wednesday, January 28th. Citigroup lowered their target price on The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a GBX 1,135 price target on shares of The Sage Group in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,165.71.

About The Sage Group

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.