Brokerages Expect salesforce.com, inc. (NYSE:CRM) to Announce $0.65 Earnings Per Share

Wall Street analysts predict that salesforce.com, inc. (NYSE:CRM) will report earnings per share (EPS) of $0.65 for the current fiscal quarter, Zacks reports. Twelve analysts have made estimates for salesforce.com’s earnings. The highest EPS estimate is $0.67 and the lowest is $0.59. salesforce.com posted earnings of $0.61 per share during the same quarter last year, which suggests a positive year over year growth rate of 6.6%. The company is expected to announce its next quarterly earnings results on Tuesday, November 26th.

On average, analysts expect that salesforce.com will report full-year earnings of $2.83 per share for the current financial year, with EPS estimates ranging from $2.69 to $2.94. For the next financial year, analysts forecast that the business will post earnings of $3.09 per share, with EPS estimates ranging from $2.94 to $3.36. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow salesforce.com.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Thursday, August 22nd. The CRM provider reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.57. salesforce.com had a net margin of 6.45% and a return on equity of 7.26%. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period in the prior year, the business earned $0.71 EPS. The company’s revenue for the quarter was up 21.8% on a year-over-year basis.

A number of research firms recently issued reports on CRM. Royal Bank of Canada increased their price target on shares of salesforce.com from $181.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. They noted that the move was a valuation call. Northland Securities set a $185.00 price objective on salesforce.com and gave the company a “buy” rating in a research report on Friday, August 23rd. Monness Crespi & Hardt upped their target price on salesforce.com from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Canaccord Genuity upped their target price on salesforce.com from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. They noted that the move was a valuation call. Finally, Stephens set a $184.00 target price on salesforce.com and gave the stock a “buy” rating in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the stock. salesforce.com has an average rating of “Buy” and a consensus price target of $183.82.

Shares of CRM traded up $4.44 during trading hours on Friday, reaching $154.09. 6,065,498 shares of the company traded hands, compared to its average volume of 6,082,052. salesforce.com has a 12 month low of $113.60 and a 12 month high of $167.56. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. The company’s fifty day moving average price is $150.09 and its two-hundred day moving average price is $155.68. The company has a market capitalization of $131.15 billion, a price-to-earnings ratio of 106.27, a price-to-earnings-growth ratio of 5.51 and a beta of 1.24.

In other salesforce.com news, insider Amy E. Weaver sold 5,627 shares of salesforce.com stock in a transaction on Monday, June 17th. The stock was sold at an average price of $150.04, for a total value of $844,275.08. Following the completion of the sale, the insider now owns 32,349 shares of the company’s stock, valued at approximately $4,853,643.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sanford Robertson sold 25,000 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $155.67, for a total value of $3,891,750.00. Following the completion of the transaction, the director now owns 124,017 shares of the company’s stock, valued at approximately $19,305,726.39. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 320,727 shares of company stock valued at $48,794,063. 5.50% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in CRM. Comerica Securities Inc. lifted its holdings in salesforce.com by 10.6% in the fourth quarter. Comerica Securities Inc. now owns 1,704 shares of the CRM provider’s stock valued at $233,000 after acquiring an additional 163 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of salesforce.com by 9.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 915,894 shares of the CRM provider’s stock worth $125,446,000 after purchasing an additional 75,502 shares in the last quarter. 9258 Wealth Management LLC purchased a new stake in shares of salesforce.com in the 1st quarter worth $219,000. United Capital Management of KS Inc. bought a new position in salesforce.com in the 1st quarter worth $245,000. Finally, Mathes Company Inc. raised its holdings in salesforce.com by 1.5% in the 1st quarter. Mathes Company Inc. now owns 20,961 shares of the CRM provider’s stock worth $3,320,000 after purchasing an additional 305 shares during the period. 73.81% of the stock is currently owned by institutional investors.

salesforce.com Company Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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Earnings History and Estimates for salesforce.com (NYSE:CRM)

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