Salesforce.com Expected to Earn Q1 2019 Earnings of $0.17 Per Share (CRM)

Salesforce.com (NYSE:CRM) – Stock analysts at SunTrust Banks upped their Q1 2019 earnings per share estimates for shares of Salesforce.com in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst T. Tillman now anticipates that the CRM provider will earn $0.17 per share for the quarter, up from their prior estimate of $0.16. SunTrust Banks currently has a “Buy” rating and a $133.00 target price on the stock. SunTrust Banks also issued estimates for Salesforce.com’s Q2 2019 earnings at $0.23 EPS, Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.30 EPS, FY2019 earnings at $0.88 EPS and FY2020 earnings at $1.15 EPS.

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Salesforce.com (NYSE:CRM) last issued its earnings results on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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%. Salesforce.com’s revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 earnings per share.

Several other brokerages have also issued reports on CRM. Zacks Investment Research lowered shares of Salesforce.com from a “buy” rating to a “hold” rating in a research note on Thursday, March 8th. Vetr raised shares of Salesforce.com from a “sell” rating to a “hold” rating and set a $130.00 target price on the stock in a research note on Thursday, March 8th. UBS set a $144.00 target price on shares of Salesforce.com and gave the stock a “buy” rating in a research note on Wednesday, March 21st. Barclays increased their target price on shares of Salesforce.com from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 21st. Finally, Robert W. Baird reissued a “buy” rating on shares of Salesforce.com in a research note on Thursday, March 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and forty-four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $123.91.

Salesforce.com (NYSE CRM) opened at $114.43 on Monday. The stock has a market cap of $82,652.79, a price-to-earnings ratio of 673.16, a P/E/G ratio of 5.30 and a beta of 1.25. Salesforce.com has a 12 month low of $80.50 and a 12 month 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.

A number of hedge funds and other institutional investors have recently bought and sold shares of CRM. Egerton Capital UK LLP purchased a new stake in Salesforce.com during the fourth quarter worth about $294,547,000. Arrowstreet Capital Limited Partnership increased its holdings in Salesforce.com by 323.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,568,872 shares of the CRM provider’s stock worth $364,846,000 after buying an additional 2,725,972 shares during the last quarter. Tybourne Capital Management HK Ltd. increased its holdings in Salesforce.com by 27.8% during the fourth quarter. Tybourne Capital Management HK Ltd. now owns 4,346,500 shares of the CRM provider’s stock worth $444,343,000 after buying an additional 945,000 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Salesforce.com during the fourth quarter worth about $83,414,000. Finally, Janus Henderson Group PLC increased its holdings in Salesforce.com by 5.3% during the third quarter. Janus Henderson Group PLC now owns 13,435,212 shares of the CRM provider’s stock worth $1,255,082,000 after buying an additional 675,471 shares during the last quarter. Institutional investors and hedge funds own 86.63% of the company’s stock.

In related news, insider Mark J. Hawkins sold 16,844 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $101.75, for a total transaction of $1,713,877.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cynthia G. Robbins sold 3,242 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $102.70, for a total transaction of $332,953.40. Following the sale, the insider now owns 230 shares of the company’s stock, valued at approximately $23,621. The disclosure for this sale can be found here. In the last quarter, insiders sold 291,539 shares of company stock valued at $33,241,059. 6.20% of the stock is currently owned by corporate insiders.

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About Salesforce.com

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.

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

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