Salesforce.com (CRM) Expected to Post Earnings of $0.44 Per Share

Equities research analysts predict that Salesforce.com (NYSE:CRM) will announce earnings of $0.44 per share for the current fiscal quarter, according to Zacks. Thirteen analysts have issued estimates for Salesforce.com’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.43. Salesforce.com posted earnings per share of $0.28 during the same quarter last year, which would indicate a positive year over year growth rate of 57.1%. The business is expected to report its next quarterly earnings report on Thursday, May 17th.

According to Zacks, analysts expect that Salesforce.com will report full year earnings of $2.03 per share for the current fiscal year, with EPS estimates ranging from $1.88 to $2.08. For the next financial year, analysts expect that the company will report earnings of $2.55 per share, with EPS estimates ranging from $2.12 to $2.83. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Salesforce.com.

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Salesforce.com (NYSE:CRM) last posted its earnings results on Wednesday, February 28th. The CRM provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.81 billion. Salesforce.com had a return on equity of 3.86% and a net margin of 1.22%. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 earnings per share.

A number of equities research analysts have issued reports on the company. SunTrust Banks upped their price objective on Salesforce.com to $133.00 and gave the company a “buy” rating in a research report on Thursday, March 1st. Jefferies Group upgraded Salesforce.com from a “hold” rating to a “buy” rating and decreased 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 “buy” rating to a “hold” rating and set a $107.78 price objective on the stock. in a research report on Monday, December 4th. Citigroup upped their price objective on Salesforce.com from $124.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Finally, Canaccord Genuity upped their price objective on Salesforce.com from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and forty-four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $123.91.

Shares of Salesforce.com (NYSE:CRM) traded up $4.54 during mid-day trading on Monday, reaching $118.97. The company’s stock had a trading volume of 13,159,097 shares, compared to its average volume of 5,982,525. Salesforce.com has a fifty-two week low of $80.50 and a fifty-two week 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. The stock has a market capitalization of $82,652.80, a P/E ratio of 699.86, a PEG ratio of 5.35 and a beta of 1.25.

In other news, insider Joe Allanson sold 22,606 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $110.00, for a total transaction of $2,486,660.00. Following the transaction, the insider now directly owns 52,916 shares in the company, valued at approximately $5,820,760. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Mark J. Hawkins sold 16,844 shares of Salesforce.com stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $101.75, for a total transaction of $1,713,877.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 291,539 shares of company stock worth $33,241,059. 6.20% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Chemical Bank raised its position in Salesforce.com by 27.4% in the fourth quarter. Chemical Bank now owns 7,921 shares of the CRM provider’s stock valued at $809,000 after purchasing an additional 1,705 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Salesforce.com by 18.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,900 shares of the CRM provider’s stock valued at $1,728,000 after purchasing an additional 2,635 shares during the period. Rehmann Capital Advisory Group purchased a new stake in Salesforce.com in the fourth quarter valued at approximately $221,000. KCM Investment Advisors LLC raised its position in Salesforce.com by 3.4% in the fourth quarter. KCM Investment Advisors LLC now owns 20,287 shares of the CRM provider’s stock valued at $2,074,000 after purchasing an additional 658 shares during the period. Finally, Xact Kapitalforvaltning AB raised its position in Salesforce.com by 8.6% in the fourth quarter. Xact Kapitalforvaltning AB now owns 111,661 shares of the CRM provider’s stock valued at $11,415,000 after purchasing an additional 8,818 shares during the period. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

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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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