Analysts Offer Predictions for salesforce.com, inc.’s FY2020 Earnings (NYSE:CRM)

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salesforce.com, inc. (NYSE:CRM) – Wedbush upped their FY2020 earnings estimates for salesforce.com in a note issued to investors on Wednesday, December 4th. Wedbush analyst S. Koenig now forecasts that the CRM provider will earn $1.34 per share for the year, up from their prior estimate of $1.30. Wedbush currently has a “Outperform” rating and a $192.00 target price on the stock. Wedbush also issued estimates for salesforce.com’s Q1 2021 earnings at $0.30 EPS, Q2 2021 earnings at $0.32 EPS, Q3 2021 earnings at $0.34 EPS, Q4 2021 earnings at $0.39 EPS, FY2021 earnings at $1.35 EPS and FY2022 earnings at $1.97 EPS.

Other equities research analysts have also recently issued research reports about the company. Compass Point set a $193.00 target price on salesforce.com and gave the company a “buy” rating in a research note on Friday, August 23rd. Macquarie raised their price target on shares of salesforce.com from $184.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. William Blair reiterated an “outperform” rating on shares of salesforce.com in a report on Wednesday, December 4th. Cowen reiterated a “buy” rating and issued a $195.00 price objective on shares of salesforce.com in a report on Wednesday, December 4th. Finally, Nomura boosted their price objective on shares of salesforce.com from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the stock. salesforce.com currently has an average rating of “Buy” and a consensus price target of $189.68.

NYSE:CRM opened at $157.48 on Monday. The stock has a 50-day simple moving average of $158.38 and a 200 day simple moving average of $153.47. salesforce.com has a 52-week low of $120.16 and a 52-week high of $167.56. The company has a market cap of $140.15 billion, a PE ratio of 108.61, a PEG ratio of 6.60 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 1.05.

salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. salesforce.com had a return on equity of 5.37% and a net margin of 4.64%. The company’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 earnings per share.

In related news, insider Srinivas Tallapragada sold 1,608 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $162.57, for a total transaction of $261,412.56. Following the transaction, the insider now directly owns 34,719 shares of the company’s stock, valued at approximately $5,644,267.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marc Benioff sold 5,000 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $153.05, for a total value of $765,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 294,445 shares of company stock worth $46,007,425. 5.50% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Massey Quick Simon & CO. LLC acquired a new position in salesforce.com in the 2nd quarter valued at about $26,000. Investors Research Corp boosted its holdings in shares of salesforce.com by 159.1% during the third quarter. Investors Research Corp now owns 171 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 105 shares during the period. Personal Wealth Partners bought a new stake in shares of salesforce.com during the second quarter worth approximately $28,000. Acima Private Wealth LLC boosted its holdings in shares of salesforce.com by 250.0% during the third quarter. Acima Private Wealth LLC now owns 189 shares of the CRM provider’s stock worth $28,000 after acquiring an additional 135 shares during the period. Finally, Strategic Blueprint LLC acquired a new position in shares of salesforce.com in the third quarter valued at approximately $30,000. 81.34% of the stock is owned by institutional investors and hedge funds.

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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