$0.61 EPS Expected for salesforce.com, inc. (CRM) This Quarter

Brokerages expect that salesforce.com, inc. (NYSE:CRM) will report earnings of $0.61 per share for the current quarter, according to Zacks. Fourteen analysts have provided estimates for salesforce.com’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.63. salesforce.com reported earnings per share of $0.74 during the same quarter last year, which would suggest a negative year over year growth rate of 17.6%. The firm is scheduled to announce its next earnings results on Tuesday, June 4th.

According to Zacks, analysts expect that salesforce.com will report full-year earnings of $2.75 per share for the current fiscal year, with EPS estimates ranging from $2.70 to $2.79. For the next year, analysts expect that the business will post earnings of $3.41 per share, with EPS estimates ranging from $3.07 to $3.64. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow salesforce.com.

salesforce.com (NYSE:CRM) last posted its earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.14. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.56 billion. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. During the same period in the prior year, the company posted $0.35 EPS.

A number of research analysts recently weighed in on CRM shares. Stephens started coverage on shares of salesforce.com in a research note on Wednesday, January 16th. They issued an “overweight” rating and a $183.00 price target on the stock. TheStreet raised shares of salesforce.com from a “c+” rating to a “b” rating in a research note on Thursday, January 31st. Zacks Investment Research raised shares of salesforce.com from a “hold” rating to a “buy” rating and set a $156.00 price target on the stock in a research note on Friday, November 30th. Bank of America reaffirmed a “buy” rating and issued a $200.00 price target (up from $181.00) on shares of salesforce.com in a research note on Wednesday, February 27th. Finally, Atlantic Securities started coverage on shares of salesforce.com in a research note on Wednesday, January 9th. They issued an “overweight” rating and a $179.00 price target on the stock. Three analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $177.82.

In other news, insider Srinivas Tallapragada sold 362 shares of the firm’s stock in a transaction that occurred on Wednesday, January 23rd. The shares were sold at an average price of $149.15, for a total transaction of $53,992.30. Following the completion of the sale, the insider now owns 1,517 shares in the company, valued at approximately $226,260.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Amy E. Weaver sold 5,325 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $134.56, for a total transaction of $716,532.00. Following the sale, the insider now owns 28,296 shares of the company’s stock, valued at approximately $3,807,509.76. The disclosure for this sale can be found here. Insiders have sold a total of 434,255 shares of company stock valued at $67,323,879 in the last 90 days. Insiders own 6.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pinnacle Bank acquired a new stake in shares of salesforce.com during the 4th quarter worth approximately $277,000. CMC Financial Group acquired a new stake in salesforce.com in the 4th quarter valued at approximately $529,000. Van Leeuwen & Company LLC increased its holdings in salesforce.com by 61.3% in the 4th quarter. Van Leeuwen & Company LLC now owns 16,114 shares of the CRM provider’s stock valued at $2,207,000 after purchasing an additional 6,122 shares during the last quarter. MUFG Securities EMEA plc increased its holdings in salesforce.com by 931.6% in the 4th quarter. MUFG Securities EMEA plc now owns 211,631 shares of the CRM provider’s stock valued at $28,987,000 after purchasing an additional 191,117 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in salesforce.com by 3.4% in the 4th quarter. American Century Companies Inc. now owns 3,220,615 shares of the CRM provider’s stock valued at $441,128,000 after purchasing an additional 105,845 shares during the last quarter. Institutional investors and hedge funds own 82.98% of the company’s stock.

salesforce.com stock traded up $3.19 during midday trading on Friday, reaching $158.37. The company had a trading volume of 4,911,652 shares, compared to its average volume of 6,529,322. The firm has a market capitalization of $119.64 billion, a PE ratio of 109.22, a P/E/G ratio of 5.17 and a beta of 1.40. salesforce.com has a 12-month low of $112.52 and a 12-month high of $166.99. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20.

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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