Salesforce, Inc. (NYSE:CRM) to Post FY2026 Earnings of $8.70 Per Share, DA Davidson Forecasts

Salesforce, Inc. (NYSE:CRM) – Equities researchers at DA Davidson lowered their FY2026 earnings per share (EPS) estimates for shares of Salesforce in a research report issued on Thursday, August 29th. DA Davidson analyst G. Luria now anticipates that the CRM provider will earn $8.70 per share for the year, down from their prior forecast of $8.71. DA Davidson currently has a “Neutral” rating and a $250.00 price target on the stock. The consensus estimate for Salesforce’s current full-year earnings is $7.52 per share.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, August 28th. The CRM provider reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.20. Salesforce had a net margin of 15.44% and a return on equity of 12.01%. The business had revenue of $9.33 billion for the quarter, compared to analysts’ expectations of $9.22 billion. During the same period last year, the business earned $1.63 EPS. The company’s revenue was up 8.5% compared to the same quarter last year.

Other analysts have also recently issued research reports about the company. Royal Bank of Canada reissued an “outperform” rating and issued a $300.00 price objective on shares of Salesforce in a research report on Thursday, August 29th. Truist Financial reissued a “buy” rating and issued a $300.00 price target on shares of Salesforce in a report on Friday, August 30th. Barclays cut their price objective on shares of Salesforce from $355.00 to $305.00 and set an “overweight” rating on the stock in a report on Thursday, May 30th. Stifel Nicolaus lifted their target price on shares of Salesforce from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, Sanford C. Bernstein upped their price target on shares of Salesforce from $234.00 to $236.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Eight analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and an average target price of $304.41.

Salesforce Price Performance

Shares of CRM opened at $248.06 on Monday. The company has a 50 day moving average of $254.83 and a two-hundred day moving average of $270.44. The company has a market cap of $240.37 billion, a price-to-earnings ratio of 44.62, a price-to-earnings-growth ratio of 2.22 and a beta of 1.29. The company has a quick ratio of 1.11, a current ratio of 1.04 and a debt-to-equity ratio of 0.15. Salesforce has a twelve month low of $193.68 and a twelve month high of $318.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CRM. Ruedi Wealth Management Inc. boosted its stake in Salesforce by 186.7% during the first quarter. Ruedi Wealth Management Inc. now owns 86 shares of the CRM provider’s stock worth $26,000 after buying an additional 56 shares during the last quarter. Piscataqua Savings Bank boosted its position in shares of Salesforce by 2,400.0% during the 2nd quarter. Piscataqua Savings Bank now owns 100 shares of the CRM provider’s stock valued at $26,000 after acquiring an additional 96 shares during the last quarter. Clear Investment Research LLC grew its holdings in shares of Salesforce by 816.7% in the second quarter. Clear Investment Research LLC now owns 110 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 98 shares during the period. Red Tortoise LLC acquired a new stake in Salesforce during the first quarter worth about $33,000. Finally, Stephens Consulting LLC raised its stake in Salesforce by 3,125.0% during the second quarter. Stephens Consulting LLC now owns 129 shares of the CRM provider’s stock worth $33,000 after purchasing an additional 125 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Salesforce news, insider Parker Harris sold 4,200 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $262.90, for a total transaction of $1,104,180.00. Following the completion of the sale, the insider now directly owns 117,581 shares in the company, valued at approximately $30,912,044.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CAO Sundeep G. Reddy sold 413 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $255.78, for a total value of $105,637.14. Following the transaction, the chief accounting officer now directly owns 6,431 shares of the company’s stock, valued at $1,644,921.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Parker Harris sold 4,200 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $262.90, for a total transaction of $1,104,180.00. Following the sale, the insider now directly owns 117,581 shares of the company’s stock, valued at approximately $30,912,044.90. The disclosure for this sale can be found here. Insiders sold a total of 95,164 shares of company stock worth $23,760,225 in the last 90 days. Insiders own 3.20% of the company’s stock.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Tuesday, July 9th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.65%. Salesforce’s dividend payout ratio is currently 28.78%.

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.