Equities research analysts expect salesforce.com, inc. (NYSE:CRM) to post earnings per share of $0.56 for the current quarter, Zacks Investment Research reports. Fifteen analysts have made estimates for salesforce.com’s earnings. The highest EPS estimate is $0.61 and the lowest is $0.54. salesforce.com posted earnings per share of $0.35 in the same quarter last year, which suggests a positive year-over-year growth rate of 60%. The company is scheduled to issue its next quarterly earnings report on Wednesday, February 27th.
According to Zacks, analysts expect that salesforce.com will report full year earnings of $2.61 per share for the current fiscal year, with EPS estimates ranging from $2.60 to $2.67. For the next year, analysts anticipate that the company will post earnings of $2.73 per share, with EPS estimates ranging from $2.61 to $2.85. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover salesforce.com.
salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. salesforce.com had a net margin of 6.51% and a return on equity of 8.06%. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. salesforce.com’s quarterly revenue was up 25.6% compared to the same quarter last year.
CRM has been the subject of a number of research analyst reports. SunTrust Banks lifted their target price on shares of salesforce.com to $170.00 and gave the company a “positive” rating in a research note on Thursday, August 30th. TheStreet cut shares of salesforce.com from a “b-” rating to a “c+” rating in a research note on Friday, October 26th. Pivotal Research lifted their target price on shares of salesforce.com from $120.00 to $140.00 and gave the company a “hold” rating in a research note on Tuesday, September 4th. Morgan Stanley lifted their target price on shares of salesforce.com from $153.00 to $178.00 and gave the company an “overweight” rating in a research note on Tuesday, August 14th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $182.00 target price on shares of salesforce.com in a research note on Wednesday, November 28th. Four analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $168.08.
NYSE:CRM opened at $135.95 on Wednesday. salesforce.com has a 1 year low of $101.32 and a 1 year high of $161.19. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $108.68 billion, a PE ratio of 110.98, a PEG ratio of 4.32 and a beta of 1.42.
In other salesforce.com news, insider Parker Harris sold 5,711 shares of the company’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $152.69, for a total transaction of $872,012.59. Following the completion of the sale, the insider now owns 27,938 shares in the company, valued at approximately $4,265,853.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Joe Allanson sold 323 shares of the company’s stock in a transaction on Friday, November 23rd. The shares were sold at an average price of $122.60, for a total transaction of $39,599.80. Following the sale, the chief accounting officer now owns 30,619 shares of the company’s stock, valued at approximately $3,753,889.40. The disclosure for this sale can be found here. Insiders sold a total of 487,322 shares of company stock valued at $71,467,243 in the last 90 days. 6.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the business. Rehmann Capital Advisory Group raised its position in shares of salesforce.com by 4.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 2,354 shares of the CRM provider’s stock valued at $374,000 after acquiring an additional 111 shares during the last quarter. Newport Wealth Strategies Inc. raised its position in shares of salesforce.com by 17.7% during the 2nd quarter. Newport Wealth Strategies Inc. now owns 2,349 shares of the CRM provider’s stock valued at $320,000 after acquiring an additional 353 shares during the last quarter. Arthur M. Cohen & Associates LLC raised its position in shares of salesforce.com by 4.5% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 8,591 shares of the CRM provider’s stock valued at $1,366,000 after acquiring an additional 370 shares during the last quarter. Aspiriant LLC raised its position in shares of salesforce.com by 11.8% during the 3rd quarter. Aspiriant LLC now owns 3,684 shares of the CRM provider’s stock valued at $587,000 after acquiring an additional 389 shares during the last quarter. Finally, ProVise Management Group LLC raised its position in shares of salesforce.com by 6.9% during the 2nd quarter. ProVise Management Group LLC now owns 6,160 shares of the CRM provider’s stock valued at $840,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 82.78% of the company’s stock.
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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