Analysts expect that salesforce.com, inc. (NYSE:CRM) will post sales of $2.94 billion for the current quarter, Zacks Investment Research reports. Thirteen analysts have made estimates for salesforce.com’s earnings, with estimates ranging from $2.93 billion to $2.96 billion. salesforce.com reported sales of $2.39 billion during the same quarter last year, which would indicate a positive year over year growth rate of 23%. The firm is scheduled to announce its next quarterly earnings report on Thursday, May 17th.
On average, analysts expect that salesforce.com will report full-year sales of $2.94 billion for the current year, with estimates ranging from $12.60 billion to $12.80 billion. For the next fiscal year, analysts forecast that the company will post sales of $15.07 billion per share, with estimates ranging from $14.86 billion to $15.37 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow salesforce.com.
salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. salesforce.com had a return on equity of 3.86% and a net margin of 1.22%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the company earned $0.28 EPS. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis.
CRM has been the subject of a number of analyst reports. Jefferies Group raised salesforce.com from a “hold” rating to a “buy” rating and reduced their price objective for the company from $97.00 to $84.00 in a research report on Thursday, February 15th. Vetr downgraded salesforce.com from a “hold” rating to a “sell” rating and set a $104.56 target price on the stock. in a research note on Tuesday, November 21st. Raymond James Financial reiterated a “buy” rating and set a $125.00 target price on shares of salesforce.com in a research note on Wednesday, November 22nd. Morgan Stanley reiterated an “overweight” rating and set a $127.00 target price (up from $107.00) on shares of salesforce.com in a research note on Thursday, November 16th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of salesforce.com in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and forty-four have assigned a buy rating to the stock. salesforce.com presently has an average rating of “Buy” and a consensus target price of $123.51.
In other salesforce.com news, insider Parker Harris sold 1,750 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $127.80, for a total transaction of $223,650.00. Following the sale, the insider now directly owns 18,157 shares of the company’s stock, valued at $2,320,464.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Susan Wojcicki purchased 6,000 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were acquired at an average cost of $109.14 per share, for a total transaction of $654,840.00. Following the completion of the acquisition, the director now owns 39,223 shares of the company’s stock, valued at $4,280,798.22. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 268,902 shares of company stock worth $30,228,605. Insiders own 6.20% of the company’s stock.
A number of large investors have recently bought and sold shares of CRM. Bessemer Group Inc. raised its holdings in salesforce.com by 196.4% during the fourth quarter. Bessemer Group Inc. now owns 1,150 shares of the CRM provider’s stock valued at $118,000 after acquiring an additional 762 shares during the period. First Mercantile Trust Co. bought a new stake in shares of salesforce.com in the fourth quarter worth about $123,000. Cerebellum GP LLC bought a new stake in shares of salesforce.com in the fourth quarter worth about $125,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of salesforce.com by 204.3% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock worth $131,000 after purchasing an additional 940 shares during the last quarter. Finally, Icon Wealth Partners LLC bought a new stake in shares of salesforce.com in the fourth quarter worth about $131,000. 86.68% of the stock is currently owned by institutional investors and hedge funds.
salesforce.com (CRM) traded down $1.25 during mid-day trading on Friday, reaching $125.97. The company had a trading volume of 6,662,882 shares, compared to its average volume of 5,448,467. salesforce.com has a one year low of $80.50 and a one year high of $128.87. The company has a current ratio of 0.92, a quick ratio of 0.82 and a debt-to-equity ratio of 0.07. The company has a market cap of $92,990.00, a price-to-earnings ratio of 279.93, a PEG ratio of 5.89 and a beta of 1.25.
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Salesforce.com, Inc is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.
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