Salesforce.com Inc (NYSE:CRM) will issue its quarterly earnings data after the market closes on Tuesday, November 21st. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Salesforce.com has set its Q3 guidance at $0.36-0.37 EPS and its FY18 guidance at $1.29-1.31 EPS.
Salesforce.com (NYSE:CRM) last released its quarterly earnings data on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.24. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The firm’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. On average, analysts expect Salesforce.com to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Salesforce.com Inc (CRM) opened at $105.78 on Tuesday. The stock has a market capitalization of $75,635.98, a PE ratio of 526.20, a price-to-earnings-growth ratio of 10.44 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.77 and a current ratio of 0.77. Salesforce.com Inc has a 1-year low of $66.43 and a 1-year high of $105.96.
In other Salesforce.com news, Vice Chairman Keith Block sold 10,000 shares of Salesforce.com stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $103.74, for a total value of $1,037,400.00. Following the completion of the sale, the insider now directly owns 24,154 shares of the company’s stock, valued at $2,505,735.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Parker Harris sold 8,027 shares of Salesforce.com stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $92.75, for a total transaction of $744,504.25. Following the completion of the sale, the insider now directly owns 49,913 shares of the company’s stock, valued at $4,629,430.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 525,667 shares of company stock worth $51,069,184. 6.20% of the stock is owned by company insiders.
A number of equities analysts have issued reports on CRM shares. J P Morgan Chase & Co reiterated a “buy” rating and set a $95.00 target price on shares of Salesforce.com in a report on Wednesday, August 23rd. Drexel Hamilton reiterated a “buy” rating and set a $111.00 target price on shares of Salesforce.com in a report on Wednesday, August 23rd. Piper Jaffray Companies reiterated a “buy” rating and set a $115.00 target price on shares of Salesforce.com in a report on Wednesday, November 1st. Deutsche Bank AG reiterated a “buy” rating and set a $90.00 target price (down previously from $95.00) on shares of Salesforce.com in a report on Wednesday, August 23rd. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Salesforce.com in a report on Monday, September 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and forty-six have given a buy rating to the company’s stock. Salesforce.com currently has a consensus rating of “Buy” and a consensus target price of $107.37.
Salesforce.com Company Profile
Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.
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