Salesforce (NYSE:CRM) Releases Q4 Earnings Guidance

Salesforce (NYSE:CRM) updated its fourth quarter earnings guidance on Tuesday. 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.

Wall Street Analyst Weigh In

Several brokerages recently commented on CRM. Northland Securities restated an “outperform” rating and issued a $440.00 price target (up previously from $400.00) on shares of Salesforce in a research report on Wednesday. Cfra set a $343.00 price target on shares of Salesforce in a research report on Thursday, October 17th. Roth Mkm reiterated a “buy” rating and issued a $335.00 target price on shares of Salesforce in a research report on Thursday, August 29th. Loop Capital increased their target price on shares of Salesforce from $270.00 to $340.00 and gave the stock a “hold” rating in a research report on Thursday, November 14th. Finally, DA Davidson increased their target price on shares of Salesforce from $250.00 to $300.00 and gave the stock a “neutral” rating in a research report on Tuesday. Eight equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and a consensus target price of $370.50.

Salesforce Stock Performance

NYSE CRM opened at $367.94 on Thursday. The stock has a market cap of $351.75 billion, a P/E ratio of 60.52, a PEG ratio of 3.00 and a beta of 1.30. The company’s 50-day simple moving average is $306.55 and its 200 day simple moving average is $271.81. Salesforce has a twelve month low of $212.00 and a twelve month high of $369.00. 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 (NYSE:CRM) last released its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.03). The firm had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.35 billion. Salesforce had a net margin of 15.96% and a return on equity of 12.31%. Salesforce’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.62 earnings per share. As a group, research analysts forecast that Salesforce will post 7.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Salesforce

In other news, insider Sabastian Niles sold 2,484 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $244.81, for a total transaction of $608,108.04. Following the completion of the sale, the insider now owns 828 shares of the company’s stock, valued at $202,702.68. This represents a 75.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Parker Harris sold 4,200 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $257.04, for a total transaction of $1,079,568.00. Following the transaction, the insider now owns 117,581 shares of the company’s stock, valued at $30,223,020.24. The trade was a 3.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,982 shares of company stock valued at $41,591,457. Corporate 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.