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

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

SAP Trading Down 0.8 %

Shares of SAP traded down $2.11 during trading hours on Tuesday, hitting $273.49. 2,067,699 shares of the stock were exchanged, compared to its average volume of 1,073,450. The firm has a market capitalization of $335.99 billion, a P/E ratio of 109.40, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. SAP has a fifty-two week low of $173.05 and a fifty-two week high of $277.36. The business has a 50-day moving average of $250.48 and a 200-day moving average of $231.22.

Analysts Set New Price Targets

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

SAP Company Profile

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.