Wall Street brokerages expect SAP SE (NYSE:SAP) to announce $6.97 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for SAP’s earnings, with estimates ranging from $6.92 billion to $7.04 billion. SAP posted sales of $6.57 billion during the same quarter last year, which suggests a positive year over year growth rate of 6.1%. The business is expected to announce its next quarterly earnings results on Thursday, October 18th.

On average, analysts expect that SAP will report full year sales of $28.56 billion for the current fiscal year, with estimates ranging from $28.44 billion to $28.68 billion. For the next year, analysts anticipate that the business will report sales of $30.87 billion per share, with estimates ranging from $30.50 billion to $31.78 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow SAP.

SAP (NYSE:SAP) last issued its earnings results on Thursday, July 19th. The software maker reported $0.98 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.98. The business had revenue of $6 billion during the quarter, compared to the consensus estimate of $5.90 billion. SAP had a return on equity of 18.07% and a net margin of 17.92%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 EPS.

A number of equities analysts have recently issued reports on SAP shares. Royal Bank of Canada reissued a “$121.96” rating on shares of SAP in a research note on Wednesday, July 18th. DZ Bank reaffirmed a “buy” rating on shares of SAP in a research note on Friday, July 20th. Deutsche Bank reaffirmed a “buy” rating on shares of SAP in a research note on Friday, July 20th. Jefferies Financial Group began coverage on SAP in a research note on Friday, June 1st. They issued a “buy” rating and a $140.00 price objective for the company. Finally, ValuEngine raised SAP from a “hold” rating to a “buy” rating in a research note on Tuesday, July 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $113.70.

Shares of SAP stock traded up $0.54 during trading hours on Friday, reaching $120.33. 14,727 shares of the company’s stock were exchanged, compared to its average volume of 605,842. The company has a market cap of $149.14 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 3.77 and a beta of 1.22. SAP has a 1 year low of $99.20 and a 1 year high of $122.74. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.25.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAP. FMR LLC increased its stake in SAP by 17.4% in the 2nd quarter. FMR LLC now owns 2,434,567 shares of the software maker’s stock valued at $281,582,000 after purchasing an additional 360,669 shares in the last quarter. Principal Financial Group Inc. increased its position in SAP by 7,785.3% during the first quarter. Principal Financial Group Inc. now owns 354,838 shares of the software maker’s stock worth $37,315,000 after buying an additional 350,338 shares in the last quarter. Morgan Stanley increased its position in SAP by 34.2% during the second quarter. Morgan Stanley now owns 1,318,602 shares of the software maker’s stock worth $152,509,000 after buying an additional 335,687 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in SAP by 3,290.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 281,400 shares of the software maker’s stock worth $32,547,000 after buying an additional 273,100 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in SAP by 27.9% during the first quarter. Wells Fargo & Company MN now owns 1,218,224 shares of the software maker’s stock worth $128,109,000 after buying an additional 265,462 shares in the last quarter. 4.53% of the stock is owned by hedge funds and other institutional investors.

About SAP

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.

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