SAP (NYSE:SAP) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

SAP (NYSE:SAP) released its quarterly earnings results on Tuesday. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02), Zacks reports. SAP had a net margin of 8.15% and a return on equity of 11.44%.

SAP Stock Up 1.1 %

NYSE:SAP opened at $276.87 on Thursday. The company has a market cap of $340.13 billion, a price-to-earnings ratio of 110.75, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22. SAP has a twelve month low of $173.05 and a twelve month high of $279.14. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $251.29 and a 200-day simple moving average of $231.70.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SAP. BMO Capital Markets upped their target price on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and raised their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Barclays boosted their target price on SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, JMP Securities raised their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, SAP has a consensus rating of “Buy” and a consensus target price of $290.40.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.