Salesforce (NYSE:CRM) Releases Q4 Earnings Guidance

Salesforce (NYSE:CRM) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.57-2.62 for the period, compared to the consensus estimate of $2.66. The company issued revenue guidance of $9.90-10.10 billion, compared to the consensus revenue estimate of $10.05 billion. Salesforce also updated its FY 2025 guidance to 9.980-10.030 EPS.

Salesforce Stock Up 0.1 %

Shares of NYSE:CRM traded up $0.42 during midday trading on Tuesday, reaching $331.43. 11,610,435 shares of the company were exchanged, compared to its average volume of 6,312,231. Salesforce has a fifty-two week low of $212.00 and a fifty-two week high of $348.86. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $302.12 and a two-hundred day simple moving average of $270.49. The firm has a market cap of $316.85 billion, a PE ratio of 57.45, a P/E/G ratio of 2.99 and a beta of 1.30.

Salesforce (NYSE:CRM) last released its earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.03). Salesforce had a net margin of 15.44% and a return on equity of 12.01%. The business had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.35 billion. During the same period last year, the business posted $1.62 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, sell-side analysts forecast that Salesforce will post 7.54 earnings per share for the current year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 18th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Wednesday, September 18th. Salesforce’s dividend payout ratio (DPR) is presently 27.83%.

Analyst Ratings Changes

CRM has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $345.00 price objective on shares of Salesforce in a research report on Friday, September 20th. Morgan Stanley lifted their target price on shares of Salesforce from $320.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Evercore ISI reaffirmed an “outperform” rating and set a $300.00 target price on shares of Salesforce in a report on Monday, August 26th. BNP Paribas raised shares of Salesforce to a “strong-buy” rating in a report on Thursday, August 29th. Finally, Raymond James lifted their target price on shares of Salesforce from $325.00 to $350.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 29th. Seven research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $345.31.

Insider Activity at Salesforce

In other Salesforce news, insider Miguel Milano sold 719 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $342.81, for a total transaction of $246,480.39. Following the transaction, the insider now owns 4,659 shares in the company, valued at approximately $1,597,151.79. This represents a 13.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Sundeep G. Reddy sold 413 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $285.29, for a total transaction of $117,824.77. Following the transaction, the chief accounting officer now owns 7,006 shares in the company, valued at approximately $1,998,741.74. The trade was a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,982 shares of company stock worth $41,591,457 in the last quarter. Company insiders own 3.20% of the company’s stock.

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.