Analysts expect Salesforce.com Inc (NYSE:CRM) to report earnings per share (EPS) of $0.09 for the current quarter, according to Zacks Investment Research. Thirteen analysts have issued estimates for Salesforce.com’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.12. Salesforce.com reported earnings per share of $0.08 in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.5%. The business is expected to report its next quarterly earnings results on Wednesday, August 30th.

According to Zacks, analysts expect that Salesforce.com will report full-year earnings of $0.40 per share for the current year, with EPS estimates ranging from $0.38 to $0.42. For the next fiscal year, analysts forecast that the firm will post earnings of $0.70 per share, with EPS estimates ranging from $0.63 to $0.75. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Salesforce.com.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Thursday, May 18th. The CRM provider reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.02. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Salesforce.com had a net margin of 1.49% and a return on equity of 1.80%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 earnings per share.

A number of equities research analysts have issued reports on the stock. Northland Securities set a $105.00 price target on shares of Salesforce.com and gave the stock a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research lowered shares of Salesforce.com from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Vetr lowered shares of Salesforce.com from a “strong-buy” rating to a “buy” rating and set a $91.96 price target on the stock. in a report on Monday, April 3rd. BidaskClub lowered shares of Salesforce.com from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $80.00 target price on shares of Salesforce.com in a research note on Monday, May 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and forty-one have assigned a buy rating to the company’s stock. Salesforce.com has an average rating of “Buy” and an average target price of $97.41.

In other Salesforce.com news, Chairman Marc Benioff sold 10,000 shares of the stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $89.94, for a total transaction of $899,400.00. Following the transaction, the chairman now directly owns 34,195,300 shares in the company, valued at approximately $3,075,525,282. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Cynthia G. Robbins sold 542 shares of the stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $84.07, for a total transaction of $45,565.94. The disclosure for this sale can be found here. Insiders sold a total of 1,389,961 shares of company stock worth $124,011,690 in the last ninety days. 6.70% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Salesforce.com by 4.7% in the first quarter. Vanguard Group Inc. now owns 43,880,907 shares of the CRM provider’s stock valued at $3,619,736,000 after buying an additional 1,956,427 shares during the last quarter. Janus Capital Management LLC boosted its position in shares of Salesforce.com by 21.6% in the first quarter. Janus Capital Management LLC now owns 10,755,181 shares of the CRM provider’s stock valued at $927,363,000 after buying an additional 1,910,921 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Salesforce.com by 34.8% in the first quarter. Alliancebernstein L.P. now owns 2,530,351 shares of the CRM provider’s stock valued at $208,729,000 after buying an additional 653,152 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Salesforce.com by 31.4% in the fourth quarter. Teachers Advisors LLC now owns 2,653,210 shares of the CRM provider’s stock valued at $181,639,000 after buying an additional 633,760 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Salesforce.com by 11.2% in the first quarter. Geode Capital Management LLC now owns 5,793,802 shares of the CRM provider’s stock valued at $477,183,000 after buying an additional 583,131 shares during the last quarter. Institutional investors own 85.62% of the company’s stock.

Shares of Salesforce.com (NYSE:CRM) traded down 0.50% during mid-day trading on Monday, reaching $89.55. 545,099 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $88.71 and a 200-day moving average price of $82.11. The stock has a market cap of $63.78 billion, a PE ratio of 473.81 and a beta of 1.28. Salesforce.com has a one year low of $66.43 and a one year high of $91.99.

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About Salesforce.com

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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Earnings History and Estimates for Salesforce.com (NYSE:CRM)

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