Salesforce (NYSE:CRM) Releases FY 2025 Earnings Guidance

Salesforce (NYSE:CRM) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 10.030-10.110 for the period, compared to the consensus EPS estimate of 9.890. The company issued revenue guidance of $37.7 billion-$38.0 billion, compared to the consensus revenue estimate of $37.8 billion. Salesforce also updated its FY25 guidance to $10.03-$10.11 EPS.

Analysts Set New Price Targets

CRM has been the subject of several analyst reports. Stifel Nicolaus dropped their target price on shares of Salesforce from $350.00 to $300.00 and set a buy rating for the company in a research note on Thursday, May 30th. Mizuho dropped their price target on Salesforce from $345.00 to $300.00 and set a buy rating for the company in a research note on Thursday, May 30th. BMO Capital Markets cut their target price on shares of Salesforce from $335.00 to $265.00 and set an outperform rating on the stock in a research report on Thursday, May 30th. Citigroup lifted their price target on shares of Salesforce from $260.00 to $290.00 and gave the company a neutral rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Salesforce from $350.00 to $300.00 and set a buy rating on the stock in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $292.38.

Salesforce Stock Down 2.0 %

Shares of NYSE:CRM traded down $5.21 during midday trading on Wednesday, hitting $258.99. 10,915,202 shares of the stock were exchanged, compared to its average volume of 6,564,717. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $250.96 billion, a PE ratio of 46.58, a P/E/G 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 business’s fifty day simple moving average is $253.44 and its two-hundred day simple moving average is $271.63.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, August 28th. The CRM provider reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $0.21. The business had revenue of $9.33 billion during the quarter, compared to analysts’ expectations of $9.22 billion. Salesforce had a net margin of 15.30% and a return on equity of 11.57%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $1.63 EPS. As a group, research analysts predict that Salesforce will post 7.47 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Tuesday, July 9th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $1.60 annualized dividend and a yield of 0.62%. Salesforce’s dividend payout ratio (DPR) is currently 28.78%.

Insider Transactions at Salesforce

In related news, CEO Marc Benioff sold 15,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $216.66, for a total transaction of $3,249,900.00. Following the completion of the transaction, the chief executive officer now directly owns 12,407,327 shares of the company’s stock, valued at approximately $2,688,171,467.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Marc Benioff sold 15,000 shares of Salesforce stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $216.66, for a total transaction of $3,249,900.00. Following the completion of the sale, the chief executive officer now owns 12,407,327 shares in the company, valued at approximately $2,688,171,467.82. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director G Mason Morfit purchased 428,000 shares of the stock in a transaction on Monday, June 3rd. The shares were purchased at an average price of $233.17 per share, for a total transaction of $99,796,760.00. Following the transaction, the director now directly owns 3,914,309 shares of the company’s stock, valued at $912,699,429.53. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 123,764 shares of company stock valued at $30,102,367. 3.20% of the stock is currently owned by company insiders.

About Salesforce

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.