Analysts Anticipate salesforce.com, inc. (CRM) Will Announce Earnings of $0.50 Per Share

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Brokerages predict that salesforce.com, inc. (NYSE:CRM) will post $0.50 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Fifteen analysts have issued estimates for salesforce.com’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.52. salesforce.com reported earnings per share of $0.39 during the same quarter last year, which would suggest a positive year-over-year growth rate of 28.2%. The business is scheduled to announce its next quarterly earnings results on Tuesday, November 20th.

On average, analysts expect that salesforce.com will report full-year earnings of $2.51 per share for the current financial year, with EPS estimates ranging from $2.48 to $2.57. For the next year, analysts expect that the business will report earnings of $2.70 per share, with EPS estimates ranging from $2.54 to $2.85. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow salesforce.com.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.24. The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.23 billion. salesforce.com had a net margin of 6.45% and a return on equity of 8.27%. The company’s revenue was up 27.3% on a year-over-year basis. During the same quarter last year, the business posted $0.33 earnings per share.

A number of analysts recently weighed in on CRM shares. BMO Capital Markets raised their price target on shares of salesforce.com from $147.00 to $152.00 and gave the company a “market perform” rating in a report on Thursday, June 28th. Canaccord Genuity reissued a “buy” rating on shares of salesforce.com in a report on Thursday, June 28th. JMP Securities raised their price target on shares of salesforce.com from $140.00 to $163.00 and gave the company an “outperform” rating in a report on Tuesday, July 10th. Robert W. Baird raised their price target on shares of salesforce.com from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, July 11th. Finally, Oppenheimer raised their price target on shares of salesforce.com from $152.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, July 11th. Six equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $164.85.

Shares of salesforce.com stock opened at $142.84 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $120.34 billion, a P/E ratio of 317.42, a P/E/G ratio of 5.23 and a beta of 1.27. salesforce.com has a fifty-two week low of $96.11 and a fifty-two week high of $161.19.

In other salesforce.com news, CAO Joe Allanson sold 272 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $151.53, for a total value of $41,216.16. Following the transaction, the chief accounting officer now directly owns 30,310 shares of the company’s stock, valued at $4,592,874.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Keith Block sold 2,160 shares of the firm’s stock in a transaction that occurred on Thursday, October 18th. The shares were sold at an average price of $146.03, for a total transaction of $315,424.80. Following the completion of the transaction, the chief executive officer now directly owns 23,836 shares in the company, valued at $3,480,771.08. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 24,000 shares of company stock worth $3,581,220 and sold 537,576 shares worth $81,374,673. 6.00% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CRM. FMR LLC boosted its position in shares of salesforce.com by 3.5% during the second quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock worth $12,224,319,000 after purchasing an additional 3,066,099 shares in the last quarter. BlackRock Inc. boosted its position in shares of salesforce.com by 5.2% during the second quarter. BlackRock Inc. now owns 44,655,653 shares of the CRM provider’s stock worth $6,091,032,000 after purchasing an additional 2,212,408 shares in the last quarter. OppenheimerFunds Inc. boosted its position in shares of salesforce.com by 13,746.1% during the second quarter. OppenheimerFunds Inc. now owns 1,034,856 shares of the CRM provider’s stock worth $141,154,000 after purchasing an additional 1,027,382 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of salesforce.com by 14.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,533,328 shares of the CRM provider’s stock worth $1,027,545,000 after purchasing an additional 961,104 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV boosted its position in shares of salesforce.com by 7,692.8% during the second quarter. Mainstay Capital Management LLC ADV now owns 931,003 shares of the CRM provider’s stock worth $7,081,000 after purchasing an additional 919,056 shares in the last quarter. 82.75% of the stock is currently owned by institutional investors.

About salesforce.com

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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