Zacks: Analysts Expect salesforce.com, inc. (NYSE:CRM) to Post $0.20 EPS

Wall Street analysts expect salesforce.com, inc. (NYSE:CRM) to post $0.20 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have provided estimates for salesforce.com’s earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.13. salesforce.com reported earnings of $0.26 per share during the same quarter last year, which would suggest a negative year over year growth rate of 23.1%. The business is scheduled to issue its next earnings results on Tuesday, November 26th.

On average, analysts expect that salesforce.com will report full year earnings of $1.25 per share for the current financial year, with EPS estimates ranging from $1.21 to $1.40. For the next financial year, analysts forecast that the firm will report earnings of $1.29 per share, with EPS estimates ranging from $1.17 to $1.60. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow salesforce.com.

salesforce.com (NYSE:CRM) last announced its earnings results on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.57. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.96 billion. salesforce.com had a net margin of 6.45% and a return on equity of 7.26%. salesforce.com’s revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 earnings per share.

CRM has been the subject of several research analyst reports. Royal Bank of Canada increased their target price on shares of salesforce.com from $181.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. They noted that the move was a valuation call. Monness Crespi & Hardt increased their target price on shares of salesforce.com from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Wedbush reaffirmed an “outperform” rating and set a $184.00 target price (down previously from $192.00) on shares of salesforce.com in a research note on Tuesday, August 20th. SunTrust Banks set a $189.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, UBS Group set a $190.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a research note on Friday, August 23rd. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. salesforce.com currently has an average rating of “Buy” and a consensus target price of $183.82.

In related news, insider Amy E. Weaver sold 5,627 shares of salesforce.com stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $150.04, for a total value of $844,275.08. Following the completion of the transaction, the insider now owns 32,349 shares in the company, valued at $4,853,643.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Marc Benioff sold 10,000 shares of salesforce.com stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $150.49, for a total transaction of $1,504,900.00. The disclosure for this sale can be found here. In the last three months, insiders sold 315,614 shares of company stock valued at $48,030,737. Insiders own 5.50% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Massey Quick Simon & CO. LLC purchased a new position in salesforce.com in the second quarter worth approximately $26,000. Citizens Financial Group Inc RI acquired a new stake in salesforce.com during the first quarter worth approximately $27,000. Avestar Capital LLC raised its holdings in salesforce.com by 108.7% during the first quarter. Avestar Capital LLC now owns 192 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 100 shares in the last quarter. Personal Wealth Partners acquired a new stake in salesforce.com during the second quarter worth approximately $28,000. Finally, JJJ Advisors Inc. acquired a new stake in salesforce.com during the first quarter worth approximately $32,000. Institutional investors own 73.81% of the company’s stock.

CRM stock traded down $1.77 during mid-day trading on Friday, hitting $152.98. 3,763,128 shares of the company were exchanged, compared to its average volume of 6,062,849. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $131.24 billion, a P/E ratio of 105.50, a PEG ratio of 5.51 and a beta of 1.24. The business has a fifty day simple moving average of $149.93 and a 200-day simple moving average of $155.60. salesforce.com has a 12-month low of $113.60 and a 12-month high of $167.56.

salesforce.com Company Profile

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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Earnings History and Estimates for salesforce.com (NYSE:CRM)

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