Equities research analysts expect that SAP SE (NYSE:SAP) will announce $7.63 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for SAP’s earnings, with the highest sales estimate coming in at $7.92 billion and the lowest estimate coming in at $7.11 billion. SAP reported sales of $7.19 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.1%. The business is expected to report its next quarterly earnings results before the market opens on Thursday, April 22nd.

On average, analysts expect that SAP will report full year sales of $32.70 billion for the current financial year, with estimates ranging from $30.61 billion to $33.84 billion. For the next financial year, analysts forecast that the company will post sales of $34.33 billion, with estimates ranging from $32.67 billion to $35.55 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover SAP.

SAP (NYSE:SAP) last announced its earnings results on Thursday, January 28th. The software maker reported $1.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.71 by ($0.02). The business had revenue of $7.54 billion during the quarter, compared to analyst estimates of $7.44 billion. SAP had a net margin of 17.59% and a return on equity of 17.39%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.82 earnings per share.

Several analysts have recently commented on the stock. Barclays increased their price target on shares of SAP from $158.00 to $163.00 and gave the company an “overweight” rating in a research note on Thursday, January 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of SAP in a research note on Monday, February 1st. DZ Bank reaffirmed a “buy” rating on shares of SAP in a research note on Friday, January 29th. Zacks Investment Research lowered SAP from a “hold” rating to a “sell” rating and set a $139.00 price objective for the company. in a research report on Thursday, February 4th. Finally, Credit Suisse Group restated an “outperform” rating on shares of SAP in a research report on Monday, February 1st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the stock. SAP currently has an average rating of “Hold” and an average target price of $131.92.

SAP opened at $129.79 on Thursday. SAP has a 1-year low of $104.64 and a 1-year high of $169.30. The stock has a market capitalization of $159.45 billion, a PE ratio of 28.15, a PEG ratio of 4.33 and a beta of 1.03. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $124.41 and a two-hundred day moving average price of $129.49.

Several institutional investors and hedge funds have recently modified their holdings of SAP. State Street Corp lifted its stake in SAP by 192.1% in the third quarter. State Street Corp now owns 161,575 shares of the software maker’s stock valued at $25,175,000 after buying an additional 106,252 shares in the last quarter. AXA S.A. bought a new stake in SAP in the 3rd quarter valued at $108,000. Peapack Gladstone Financial Corp boosted its stake in SAP by 4.5% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 3,752 shares of the software maker’s stock worth $585,000 after purchasing an additional 161 shares during the period. Squarepoint Ops LLC bought a new position in SAP during the 3rd quarter worth about $1,004,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of SAP in the 3rd quarter valued at about $6,555,000.

About SAP

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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