SAP (NYSE:SAP) Releases Earnings Results, Beats Expectations By $0.12 EPS

SAP (NYSE:SAP - Get Free Report) announced its quarterly earnings results on Tuesday. The software maker reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.12, Zacks reports. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%.

SAP Price Performance

SAP stock traded up $4.90 during mid-day trading on Friday, reaching $278.45. 1,849,940 shares of the company's stock traded hands, compared to its average volume of 996,111. SAP has a 12-month low of $179.15 and a 12-month high of $293.70. The company has a market cap of $342.08 billion, a price-to-earnings ratio of 97.02, a PEG ratio of 4.71 and a beta of 1.28. The stock has a 50 day moving average of $267.83 and a two-hundred day moving average of $256.79. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be issued a $2.5423 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This is a positive change from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. SAP's dividend payout ratio (DPR) is 35.25%.

Wall Street Analysts Forecast Growth

SAP has been the topic of several research analyst reports. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and upped their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Royal Bank of Canada restated an "outperform" rating and issued a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Barclays reiterated an "overweight" rating and set a $308.00 target price (up from $286.00) on shares of SAP in a research note on Thursday. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Finally, JMP Securities upped their price target on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research report on Wednesday, January 29th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP has an average rating of "Buy" and an average price target of $254.67.

Institutional Trading of SAP

An institutional investor recently raised its position in SAP stock. Brighton Jones LLC boosted its stake in shares of SAP SE (NYSE:SAP - Free Report) by 91.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,633 shares of the software maker's stock after acquiring an additional 1,255 shares during the quarter. Brighton Jones LLC's holdings in SAP were worth $648,000 as of its most recent SEC filing.

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.