Salesforce.com (NYSE:CRM) – Stock analysts at William Blair boosted their Q1 2019 earnings per share (EPS) estimates for shares of Salesforce.com in a note issued to investors on Tuesday, April 3rd. William Blair analyst B. Suri now anticipates that the CRM provider will post earnings per share of $0.21 for the quarter, up from their prior estimate of $0.19. William Blair also issued estimates for Salesforce.com’s Q3 2019 earnings at $0.32 EPS, FY2019 earnings at $1.17 EPS and FY2020 earnings at $1.61 EPS.
A number of other equities analysts have also weighed in on CRM. Vetr lowered shares of Salesforce.com from a “buy” rating to a “hold” rating and set a $107.78 price objective on the stock. in a research report on Monday, December 11th. Guggenheim reiterated a “buy” rating and issued a $128.00 price objective on shares of Salesforce.com in a research report on Thursday, January 11th. Barclays reiterated an “overweight” rating and issued a $127.00 price objective (up from $117.00) on shares of Salesforce.com in a research report on Thursday, January 18th. Royal Bank of Canada set a $120.00 price objective on shares of Salesforce.com and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Cleveland Research initiated coverage on shares of Salesforce.com in a research report on Wednesday, January 31st. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $124.28.
NYSE:CRM opened at $116.10 on Friday. Salesforce.com has a 1-year low of $83.00 and a 1-year high of $128.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $85,982.60, a P/E ratio of 258.00, a PEG ratio of 5.07 and a beta of 1.23.
Salesforce.com (NYSE:CRM) last announced its earnings results on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.81 billion. Salesforce.com had a net margin of 1.22% and a return on equity of 3.86%. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share.
In related news, CAO Joe Allanson sold 321 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $113.47, for a total value of $36,423.87. Following the completion of the transaction, the chief accounting officer now owns 30,618 shares of the company’s stock, valued at approximately $3,474,224.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Parker Harris sold 1,850 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $105.01, for a total transaction of $194,268.50. Following the completion of the transaction, the insider now directly owns 15,502 shares of the company’s stock, valued at approximately $1,627,865.02. The disclosure for this sale can be found here. Insiders sold a total of 339,666 shares of company stock valued at $39,328,512 in the last three months. 6.20% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in CRM. Bessemer Group Inc. raised its stake in Salesforce.com by 196.4% in the 4th quarter. Bessemer Group Inc. now owns 1,150 shares of the CRM provider’s stock valued at $118,000 after purchasing an additional 762 shares during the last quarter. First Mercantile Trust Co. acquired a new position in Salesforce.com in the 4th quarter valued at about $123,000. Cerebellum GP LLC acquired a new position in Salesforce.com in the 4th quarter valued at about $125,000. Icon Wealth Partners LLC purchased a new stake in Salesforce.com in the 4th quarter valued at about $131,000. Finally, Truewealth LLC purchased a new stake in Salesforce.com in the 4th quarter valued at about $133,000. 86.64% of the stock is owned by hedge funds and other institutional investors.
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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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