Salesforce, Inc. Forecasted to Post FY2026 Earnings of $8.71 Per Share (NYSE:CRM)
Salesforce, Inc. (NYSE:CRM – Free Report) – Analysts at DA Davidson lowered their FY2026 EPS estimates for shares of Salesforce in a research note issued on Thursday, June 6th. DA Davidson analyst G. Luria now expects that the CRM provider will post earnings per share of $8.71 for the year, down from their previous estimate of $8.85. DA Davidson has a “Neutral” rating and a $230.00 price objective on the stock. The consensus estimate for Salesforce’s current full-year earnings is $7.47 per share.
Salesforce (NYSE:CRM – Get Free Report) last released its quarterly earnings data on Wednesday, May 29th. The CRM provider reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.06. The company had revenue of $9.13 billion during the quarter, compared to analyst estimates of $9.15 billion. Salesforce had a net margin of 15.30% and a return on equity of 11.57%. Salesforce’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.15 EPS.
Several other research firms have also weighed in on CRM. Oppenheimer lowered their price objective on shares of Salesforce from $325.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, May 30th. Stifel Nicolaus reduced their price target on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. JMP Securities reissued a “market outperform” rating and issued a $342.00 price target on shares of Salesforce in a research report on Monday, April 15th. Barclays reduced their price target on shares of Salesforce from $355.00 to $305.00 and set an “overweight” rating for the company in a research report on Thursday, May 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and an average price target of $292.79.
View Our Latest Research Report on Salesforce
Salesforce Stock Performance
NYSE:CRM opened at $241.85 on Monday. The company has a fifty day moving average of $275.34 and a 200-day moving average of $276.90. The firm has a market capitalization of $234.35 billion, a P/E ratio of 43.50, a P/E/G ratio of 2.12 and a beta of 1.25. 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 twelve month low of $193.68 and a twelve month high of $318.71.
Institutional Investors Weigh In On Salesforce
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bear Mountain Capital Inc. purchased a new position in shares of Salesforce during the fourth quarter worth about $26,000. Signature Resources Capital Management LLC purchased a new position in shares of Salesforce during the fourth quarter worth about $26,000. Ruedi Wealth Management Inc. grew its holdings in shares of 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 purchasing an additional 56 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in shares of Salesforce during the fourth quarter worth about $31,000. Finally, Pacifica Partners Inc. grew its holdings in shares of Salesforce by 333.3% during the fourth quarter. Pacifica Partners Inc. now owns 130 shares of the CRM provider’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.
Insider Activity at Salesforce
In related news, CFO Amy E. Weaver sold 942 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $305.46, for a total value of $287,743.32. Following the sale, the chief financial officer now directly owns 39,416 shares in the company, valued at approximately $12,040,011.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Parker Harris sold 2,800 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $235.99, for a total transaction of $660,772.00. Following the sale, the insider now directly owns 115,762 shares in the company, valued at $27,318,674.38. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Amy E. Weaver sold 942 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $305.46, for a total value of $287,743.32. Following the sale, the chief financial officer now owns 39,416 shares in the company, valued at $12,040,011.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 625,870 shares of company stock worth $177,970,848. Company insiders own 3.20% of the company’s stock.
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.
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