SAP (NYSE:SAP) Releases Earnings Results, Beats Expectations By $0.15 EPS

SAP (NYSE:SAP) released its quarterly earnings data on Wednesday. The software maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.15, Zacks reports. SAP had a net margin of 20.88% and a return on equity of 17.07%.

SAP Stock Up 1.6%

SAP stock traded up $3.60 during mid-day trading on Wednesday, hitting $232.58. 4,299,710 shares of the company were exchanged, compared to its average volume of 2,980,242. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.15 and a current ratio of 1.15. SAP has a 1-year low of $144.97 and a 1-year high of $281.36. The firm’s 50 day simple moving average is $213.82 and its 200 day simple moving average is $185.98. The firm has a market cap of $285.72 billion, a P/E ratio of 29.22, a P/E/G ratio of 2.68 and a beta of 1.13.

Analysts Set New Price Targets

SAP has been the subject of several recent analyst reports. Barclays upped their target price on shares of SAP from $242.00 to $243.00 and gave the company an “overweight” rating in a research note on Tuesday, October 13th. BMO Capital Markets lifted their price target on shares of SAP from $177.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, October 8th. Argus set a $265.00 price target on shares of SAP in a research report on Thursday, September 10th. Citigroup reissued a “buy” rating on shares of SAP in a report on Tuesday, September 22nd. Finally, Weiss Ratings upgraded shares of SAP from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $264.71.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP originally developed software to help businesses integrate accounting and operational data. The company has since become a major provider of cloud-based business applications and enterprise technology.

SAP’s portfolio includes enterprise resource planning software, including SAP S/4HANA Cloud, along with solutions for finance, procurement, supply chain management, human resources, customer experience and business analytics.