SAP SE (NYSE:SAP) Forecasted to Earn Q3 2023 Earnings of $1.14 Per Share

Posted by Defense World Staff on May 25th, 2023

SAP SE (NYSE:SAP – Get Rating) – Equities research analysts at Zacks Research boosted their Q3 2023 earnings per share estimates for shares of SAP in a report issued on Tuesday, May 23rd. Zacks Research analyst V. Doshi now expects that the software maker will post earnings of $1.14 per share for the quarter, up from their prior estimate of $1.11. The consensus estimate for SAP’s current full-year earnings is $4.05 per share. Zacks Research also issued estimates for SAP’s Q4 2023 earnings at $1.27 EPS, Q3 2024 earnings at $1.35 EPS and Q4 2024 earnings at $1.50 EPS.

A number of other equities analysts have also recently issued reports on the company. StockNews.com began coverage on SAP in a report on Thursday, May 18th. They set a “strong-buy” rating for the company. BNP Paribas upgraded SAP from a “neutral” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Friday, March 17th. Citigroup upgraded SAP from a “neutral” rating to a “buy” rating in a report on Tuesday, April 25th. Barclays boosted their price objective on SAP from $134.00 to $136.00 in a report on Monday, April 24th. Finally, TheStreet cut SAP from a “b” rating to a “c+” rating in a report on Tuesday, April 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, SAP currently has a consensus rating of “Moderate Buy” and an average price target of $126.20.

SAP Price Performance

Shares of SAP stock opened at $129.21 on Thursday. The stock has a market cap of $152.41 billion, a price-to-earnings ratio of 72.18, a price-to-earnings-growth ratio of 2.32 and a beta of 1.19. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a 50 day moving average price of $129.36 and a 200-day moving average price of $118.02. SAP has a one year low of $78.22 and a one year high of $137.32.

SAP Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Monday, May 22nd. Investors of record on Monday, May 15th were given a dividend of $2.1864 per share. This represents a yield of 1.3%. The ex-dividend date was Friday, May 12th. SAP’s dividend payout ratio is currently 89.94%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sageworth Trust Co acquired a new position in SAP during the 1st quarter valued at about $30,000. Larson Financial Group LLC acquired a new position in SAP during the 1st quarter valued at about $30,000. FinTrust Capital Advisors LLC increased its position in SAP by 130.8% during the 4th quarter. FinTrust Capital Advisors LLC now owns 240 shares of the software maker’s stock valued at $25,000 after buying an additional 136 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in SAP during the 2nd quarter valued at about $25,000. Finally, Financial Management Professionals Inc. increased its position in SAP by 241.0% during the 1st quarter. Financial Management Professionals Inc. now owns 283 shares of the software maker’s stock valued at $36,000 after buying an additional 200 shares in the last quarter. 5.23% of the stock is owned by institutional investors and hedge funds.

SAP Company Profile

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SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Support; Qualtrics; and Services. The Applications, Technology, and Services segment includes sale of software licenses, support offerings, and cloud subscriptions.