SAP (NYSE:SAP) Announces Quarterly Earnings Results

SAP (NYSE:SAP - Get Free Report) issued its quarterly earnings data 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 Trading Down 0.8 %

Shares of SAP traded down $2.11 during mid-day trading on Tuesday, reaching $273.49. 2,055,965 shares of the company's stock traded hands, compared to its average volume of 1,062,783. The stock has a market cap of $335.99 billion, a P/E ratio of 109.40, a P/E/G ratio of 3.89 and a beta of 1.22. The stock's 50-day moving average is $250.48 and its two-hundred day moving average is $231.22. SAP has a 12 month low of $173.05 and a 12 month high of $277.36. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SAP shares. JMP Securities increased their price target on SAP from $245.00 to $300.00 and gave the company a "market outperform" rating in a research report on Tuesday, October 22nd. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and lifted their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Barclays raised their price objective on shares of SAP from $275.00 to $283.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. BMO Capital Markets upped their target price on SAP from $248.00 to $265.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Finally, Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $276.00.

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.