Brokers expect salesforce.com, inc. (NYSE: CRM) will report earnings of $ 0.73 per share for the current quarter, reports Zacks Investment Research. Twelve analysts have made estimates for salesforce.com’s revenue. The highest EPS estimate is $ 0.76 and the lowest is $ 0.72. salesforce.com reported earnings per share of $ 1.04 for the same quarter last year, which would suggest a negative year-over-year growth rate of 29.8%. The company is expected to release its next quarterly results on Thursday, February 24.
According to Zacks, analysts predict that salesforce.com will report annual earnings of $ 4.68 per share for the current fiscal year, with EPS estimates ranging from $ 4.64 to $ 4.70. For the next fiscal year, analysts expect the company to report earnings of $ 4.69 per share, with EPS estimates ranging from $ 4.57 to $ 4.98. Zacks EPS Averages is an average based on a survey of research companies that cover salesforce.com.
salesforce.com (NYSE: CRM) last released its quarterly earnings data on Tuesday, November 30. The CRM provider reported earnings per share (EPS) of $ 1.27 for the quarter, beating analysts’ consensus estimates of $ 0.92 by $ 0.35. The company posted revenue of $ 6.86 billion for the quarter, compared to analysts’ expectations of $ 6.80 billion. salesforce.com reported a return on equity of 5.71% and a net margin of 6.96%. Salesforce.com quarterly revenue increased 26.6% year-over-year. During the same period of the previous year, the company posted earnings per share of $ 1.27.
A number of analysts have weighed on the company. Citigroup raised its price target on salesforce.com from $ 280.00 to $ 308.00 and gave the company a “neutral” rating in a research report published on Tuesday, November 23. Royal Bank of Canada raised its price target on salesforce.com from $ 310.00 to $ 325.00 and gave the company an “outperformance” rating in a research report released on Friday, September 24. JMP Securities raised its price target on salesforce.com from $ 320.00 to $ 325.00 and gave the company a “buy” rating in a research report released on Friday, September 24. Robert W. Baird reaffirmed a âbuyâ rating and set a price target of $ 315.00 on salesforce.com shares in a report released on Sunday, September 26. Finally, TheStreet downgraded salesforce.com from a âb-â rating to a âc +â rating in a report released on Thursday, December 2. Six equity research analysts rated the stock with a conservation rating, thirty-two issued a buy rating, and two gave the stock a high buy rating. Based on data from MarketBeat, the company currently has an average rating of âBuyâ and a consensus price target of $ 325.49.
NYSE: CRM traded at $ 1.20 during Friday trading hours, reaching $ 254.13. The company had a trade volume of 3,108,655 shares, compared to an average volume of 6,162,996. The stock has a 50-day moving average of $ 280.20 and a two-hundred-day moving average of 265.55 $. salesforce.com has a one-year minimum of $ 201.51 and a one-year maximum of $ 311.75. The company has a market cap of $ 250.32 billion, a PE ratio of 140.40, a PEG ratio of 6.25 and a beta of 1.10. The company has a quick ratio of 1.06, a current ratio of 1.06, and a debt ratio of 0.19.
Meanwhile, CEO Bret Steven Taylor sold 1,151 company shares in a trade on Thursday, December 23. The shares were sold for an average price of $ 251.47, for a total value of $ 289,441.97. The sale was disclosed in a document filed with the SEC, accessible through this link. Additionally, CFO Amy E. Weaver sold 510 shares of the company in a trade on Monday, October 25. The stock was sold for an average price of $ 293.19, for a total trade of $ 149,526.90. Disclosure of this sale can be found here. Insiders sold 485,699 shares of the company valued at $ 138,178,192 in the last quarter. Company insiders own 4.10% of the company’s shares.
A number of hedge funds and other institutional investors have recently bought and sold shares of CRM. Vanguard Group Inc. increased its holdings of salesforce.com shares by 0.4% in the second quarter. Vanguard Group Inc. now owns 71,205,534 shares of the CRM provider valued at $ 17,393,375,000 after acquiring an additional 299,606 shares during the period. State Street Corp increased its holdings of salesforce.com shares by 1.7% in the second quarter. State Street Corp now owns 41,409,350 shares of the CRM provider valued at $ 10,115,062,000 after acquiring an additional 707,629 shares during the period. Morgan Stanley increased its holdings of salesforce.com shares by 20.2% in the second quarter. Morgan Stanley now owns 16,563,897 shares of the CRM provider valued at $ 4,046,065,000 after acquiring an additional 2,787,393 shares during the period. Wellington Management Group LLP increased its stake in salesforce.com shares by 5.3% in the third quarter. Wellington Management Group LLP now owns 15,889,819 shares of the CRM provider valued at $ 4,309,637,000 after purchasing an additional 805,630 shares during the period. Finally, Geode Capital Management LLC increased its stake in salesforce.com shares by 8.1% in the third quarter. Geode Capital Management LLC now owns 14,884,328 shares of the CRM provider valued at $ 4,024,519,000 after purchasing an additional 1,109,641 shares during the period. 73.41% of the shares are currently held by hedge funds and other institutional investors.
salesforce.com, inc. is dedicated to the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry and platform specific solutions. sales force.
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