Salesforce (CRM) Scheduled to Post Quarterly Earnings on Tuesday

Salesforce (NYSE:CRM) will announce its earnings results after the market closes on Tuesday, December 3rd. Analysts expect the company to announce earnings of $2.43 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Salesforce Stock Down 0.0 %

NYSE CRM opened at $329.99 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.15. Salesforce has a 52 week low of $212.00 and a 52 week high of $348.86. The firm has a market capitalization of $315.47 billion, a price-to-earnings ratio of 57.39, a PEG ratio of 2.99 and a beta of 1.29. The company has a fifty day moving average of $302.12 and a two-hundred day moving average of $270.49.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Wednesday, September 18th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.60 annualized dividend and a yield of 0.48%. Salesforce’s payout ratio is 27.83%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. FBN Securities upgraded Salesforce to a “strong-buy” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. boosted their target price on shares of Salesforce from $310.00 to $340.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Northland Securities raised shares of Salesforce from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $270.00 to $400.00 in a research note on Wednesday, October 2nd. Roth Mkm restated a “buy” rating and issued a $335.00 target price on shares of Salesforce in a research note on Thursday, August 29th. Finally, Piper Sandler downgraded shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Eight research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $341.89.

Insider Buying and Selling at Salesforce

In other Salesforce news, insider Parker Harris sold 3,528 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $250.59, for a total transaction of $884,081.52. Following the sale, the insider now owns 117,581 shares in the company, valued at approximately $29,464,622.79. The trade was a 2.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Miguel Milano sold 719 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $342.81, for a total value of $246,480.39. Following the completion of the transaction, the insider now owns 4,659 shares of the company’s stock, valued at approximately $1,597,151.79. The trade was a 13.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 144,510 shares of company stock worth $42,475,538. 3.20% of the stock is owned by corporate 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.