Salesforce (CRM) Expected to Announce Quarterly Earnings on Wednesday

Salesforce (NYSE:CRM) is expected to be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect Salesforce to post earnings of $2.60 per share and revenue of $10.04 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.03). Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The company had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.35 billion. During the same period in the prior year, the business earned $1.62 EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, analysts expect Salesforce to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Salesforce Stock Performance

NYSE CRM opened at $328.62 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. Salesforce has a 52-week low of $212.00 and a 52-week high of $369.00. The business’s 50-day moving average price is $336.04 and its 200 day moving average price is $303.93. The firm has a market cap of $314.49 billion, a P/E ratio of 54.05, a P/E/G ratio of 2.66 and a beta of 1.31.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Wednesday, December 18th. Salesforce’s dividend payout ratio is currently 26.32%.

Insider Transactions at Salesforce

In related news, CFO Amy E. Weaver sold 6,221 shares of Salesforce stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $335.94, for a total transaction of $2,089,882.74. Following the transaction, the chief financial officer now owns 46,750 shares in the company, valued at approximately $15,705,195. The trade was a 11.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Miguel Milano sold 719 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $342.81, for a total value of $246,480.39. Following the completion of the sale, the insider now owns 4,659 shares of the company’s stock, valued at approximately $1,597,151.79. This represents a 13.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,111,420 shares of company stock worth $384,366,700 in the last three months. 3.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CRM shares. Citigroup lifted their price objective on Salesforce from $368.00 to $390.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price objective on Salesforce from $340.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Stifel Nicolaus lifted their price objective on Salesforce from $390.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 price objective on shares of Salesforce in a report on Thursday, February 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $415.00 price objective (up previously from $385.00) on shares of Salesforce in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and an average target price of $377.63.

Salesforce Company Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.