Equities research analysts expect salesforce.com, inc. (NYSE:CRM) to announce earnings of $0.67 per share for the current quarter, according to Zacks. Eleven analysts have issued estimates for salesforce.com’s earnings, with the lowest EPS estimate coming in at $0.66 and the highest estimate coming in at $0.69. salesforce.com posted earnings per share of $0.66 in the same quarter last year, which suggests a positive year over year growth rate of 1.5%. The company is scheduled to report its next earnings report on Thursday, August 27th.

According to Zacks, analysts expect that salesforce.com will report full year earnings of $2.97 per share for the current year, with EPS estimates ranging from $2.93 to $3.08. For the next financial year, analysts expect that the company will report earnings of $3.50 per share, with EPS estimates ranging from $3.30 to $3.71. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow salesforce.com.

salesforce.com (NYSE:CRM) last announced its earnings results on Thursday, May 28th. The CRM provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. salesforce.com had a negative net margin of 0.92% and a positive return on equity of 2.45%. The company had revenue of $4.87 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the previous year, the company posted $0.93 EPS. The firm’s quarterly revenue was up 30.2% on a year-over-year basis.

Several equities research analysts have issued reports on the stock. Goldman Sachs Group lifted their target price on shares of salesforce.com from $204.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. They noted that the move was a valuation call. Bank of America reissued a “buy” rating and set a $210.00 price target on shares of salesforce.com in a research report on Thursday, May 14th. Barclays reissued a “buy” rating and set a $186.00 price target on shares of salesforce.com in a research report on Tuesday, March 17th. Piper Sandler lowered their price target on shares of salesforce.com from $205.00 to $193.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Finally, Monness Crespi & Hardt boosted their price target on shares of salesforce.com from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-nine have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $199.77.

CRM traded up $5.19 on Monday, hitting $197.72. 5,793,054 shares of the company’s stock were exchanged, compared to its average volume of 6,977,871. salesforce.com has a fifty-two week low of $115.29 and a fifty-two week high of $199.45. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $180.34 and a 200-day moving average price of $170.17. The stock has a market cap of $173.47 billion, a price-to-earnings ratio of -1,098.44, a P/E/G ratio of 9.50 and a beta of 1.08.

In related news, CFO Mark J. Hawkins sold 36,581 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $185.88, for a total transaction of $6,799,676.28. Following the sale, the chief financial officer now directly owns 14,144 shares in the company, valued at $2,629,086.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan G. Hassenfeld sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $190.41, for a total transaction of $1,904,100.00. Following the sale, the director now owns 88,249 shares in the company, valued at $16,803,492.09. The disclosure for this sale can be found here. Insiders have sold 566,252 shares of company stock worth $99,460,166 over the last 90 days. Insiders own 4.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in CRM. Norges Bank acquired a new position in salesforce.com in the fourth quarter valued at approximately $1,322,911,000. Loomis Sayles & Co. L P acquired a new position in salesforce.com in the first quarter valued at approximately $986,207,000. Fisher Asset Management LLC boosted its holdings in salesforce.com by 49.6% in the first quarter. Fisher Asset Management LLC now owns 10,873,498 shares of the CRM provider’s stock valued at $1,565,566,000 after purchasing an additional 3,606,319 shares in the last quarter. Polen Capital Management LLC boosted its holdings in salesforce.com by 96.7% in the first quarter. Polen Capital Management LLC now owns 6,062,595 shares of the CRM provider’s stock valued at $872,892,000 after purchasing an additional 2,980,823 shares in the last quarter. Finally, Farallon Capital Management LLC acquired a new position in salesforce.com in the fourth quarter valued at approximately $280,534,000. Hedge funds and other institutional investors own 81.54% of the company’s stock.

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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