SAP (NYSE:SAP) Updates Q4 Earnings Guidance

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

Several research firms have recently weighed in on SAP. Morgan Stanley reissued an overweight rating on shares of SAP in a research note on Friday, October 22nd. UBS Group raised SAP from a neutral rating to a buy rating in a research note on Monday, December 13th. Finally, Royal Bank of Canada reduced their price objective on SAP from $41.00 to $40.00 and set an outperform rating for the company in a research note on Friday, November 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to, the company currently has a consensus rating of Buy and an average target price of $115.67.

Shares of SAP stock opened at $138.90 on Friday. The stock has a market cap of $166.97 billion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 4.57 and a beta of 1.11. The business has a fifty day simple moving average of $138.05 and a 200-day simple moving average of $142.11. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31. SAP has a 12 month low of $120.08 and a 12 month high of $151.48.

SAP (NYSE:SAP) last released its quarterly earnings data on Thursday, October 21st. The software maker reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.48. The firm had revenue of $8.07 billion during the quarter, compared to analysts’ expectations of $8.17 billion. SAP had a return on equity of 18.37% and a net margin of 20.82%. Analysts expect that SAP will post 5.14 EPS for the current fiscal year.

A hedge fund recently raised its stake in SAP stock. Morgan Stanley boosted its position in shares of SAP SE (NYSE:SAP) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 owned by institutional investors and hedge funds.

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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