The Sage Group (LON:SGE) Releases Quarterly Earnings Results

The Sage Group (LON:SGE) posted its earnings results on Friday. The company reported GBX 23.74 earnings per share for the quarter, Digital Look Earnings reports. The firm had revenue of GBX 136.30 billion during the quarter. The Sage Group had a net margin of 14.62% and a return on equity of 81.91%.

The Sage Group Price Performance

Shares of LON:SGE opened at GBX 887.33 on Friday. The company has a 50 day moving average of GBX 865.12 and a 200 day moving average of GBX 952.99. The stock has a market cap of £8.11 billion, a P/E ratio of 23.88, a P/E/G ratio of 1.22 and a beta of 0.30. The Sage Group has a 12 month low of GBX 771.66 and a 12 month high of GBX 1,335. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 919.09.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup reduced their target price on shares of The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Shore Capital Group reiterated a “hold” rating on shares of The Sage Group in a research note on Tuesday, January 27th. UBS Group reiterated a “buy” rating and issued a GBX 1,025 target price on shares of The Sage Group in a research note on Monday, May 18th. Jefferies Financial Group reduced their target price on shares of The Sage Group from GBX 1,350 to GBX 1,100 and set a “buy” rating for the company in a research note on Tuesday, March 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, The Sage Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,165.71.

The Sage Group Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.