Salesforce, Inc. (NYSE:CRM) to Post FY2027 Earnings of $9.68 Per Share, Zacks Research Forecasts

Salesforce, Inc. (NYSE:CRM) – Zacks Research dropped their FY2027 earnings per share (EPS) estimates for Salesforce in a research report issued to clients and investors on Monday, August 26th. Zacks Research analyst R. Department now expects that the CRM provider will earn $9.68 per share for the year, down from their previous forecast of $9.70. The consensus estimate for Salesforce’s current full-year earnings is $7.47 per share.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, May 29th. The CRM provider reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.06. Salesforce had a return on equity of 11.57% and a net margin of 15.30%. The company had revenue of $9.13 billion for the quarter, compared to the consensus estimate of $9.15 billion. During the same quarter in the prior year, the company earned $1.15 earnings per share. Salesforce’s revenue was up 10.7% on a year-over-year basis.

Several other research firms have also recently weighed in on CRM. Canaccord Genuity Group cut their price target on Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, May 30th. TD Cowen cut their price target on Salesforce from $330.00 to $285.00 and set a “hold” rating for the company in a report on Thursday, May 30th. Bank of America lifted their target price on Salesforce from $288.00 to $316.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Mizuho dropped their target price on Salesforce from $345.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $350.00 target price on shares of Salesforce in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $292.38.

Salesforce Stock Down 0.4 %

NYSE CRM opened at $264.30 on Wednesday. The stock’s 50-day moving average price is $252.79 and its 200-day moving average price is $271.82. The company has a market capitalization of $256.11 billion, a P/E ratio of 47.54, a price-to-earnings-growth ratio of 2.22 and a beta of 1.29. Salesforce has a 52 week low of $193.68 and a 52 week high of $318.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Tuesday, July 9th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $1.60 dividend on an annualized basis and a yield of 0.61%. Salesforce’s dividend payout ratio (DPR) is presently 28.78%.

Insiders Place Their Bets

In other Salesforce news, CFO Amy E. Weaver sold 897 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $255.78, for a total transaction of $229,434.66. Following the sale, the chief financial officer now directly owns 51,109 shares in the company, valued at $13,072,660.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Miguel Milano sold 2,934 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $262.95, for a total value of $771,495.30. Following the completion of the transaction, the insider now directly owns 3,716 shares of the company’s stock, valued at $977,122.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Amy E. Weaver sold 897 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $255.78, for a total value of $229,434.66. Following the completion of the transaction, the chief financial officer now directly owns 51,109 shares of the company’s stock, valued at $13,072,660.02. The disclosure for this sale can be found here. Insiders have sold 123,764 shares of company stock worth $30,102,367 over the last three months. Company insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Salesforce

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legacy Capital Wealth Partners LLC acquired a new stake in shares of Salesforce in the fourth quarter valued at approximately $239,000. Silver Oak Securities Incorporated boosted its holdings in shares of Salesforce by 140.3% in the fourth quarter. Silver Oak Securities Incorporated now owns 1,591 shares of the CRM provider’s stock valued at $419,000 after acquiring an additional 929 shares during the period. Gilbert & Cook Inc. boosted its holdings in shares of Salesforce by 6.9% in the fourth quarter. Gilbert & Cook Inc. now owns 5,659 shares of the CRM provider’s stock valued at $1,489,000 after acquiring an additional 366 shares during the period. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in shares of Salesforce by 4.8% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,194 shares of the CRM provider’s stock valued at $577,000 after acquiring an additional 100 shares during the period. Finally, Naviter Wealth LLC boosted its holdings in shares of Salesforce by 14.2% in the fourth quarter. Naviter Wealth LLC now owns 5,932 shares of the CRM provider’s stock valued at $1,561,000 after acquiring an additional 738 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Company Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.