Salesforce (NYSE:CRM) Releases FY 2025 Earnings Guidance

Salesforce (NYSE:CRM - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 9.980-10.030 for the period, compared to the consensus estimate of 10.110. The company issued revenue guidance of $37.8 billion-$38.0 billion, compared to the consensus revenue estimate of $37.9 billion. Salesforce also updated its Q4 guidance to $2.57-2.62 EPS.

Salesforce Stock Up 0.1 %

CRM stock traded up $0.42 during trading on Tuesday, reaching $331.43. 10,241,484 shares of the company traded hands, compared to its average volume of 6,306,356. Salesforce has a 12 month low of $212.00 and a 12 month high of $348.86. The business has a 50 day simple moving average of $302.12 and a 200 day simple moving average of $270.49. The company has a market capitalization of $316.85 billion, a price-to-earnings ratio of 57.45, a price-to-earnings-growth ratio of 2.99 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.35 billion. During the same period in the previous year, the business earned $1.62 EPS. Salesforce's revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities research analysts anticipate that Salesforce will post 7.54 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Wednesday, September 18th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Wednesday, September 18th. Salesforce's payout ratio is currently 27.83%.

Analyst Upgrades and Downgrades

CRM has been the subject of several recent analyst reports. UBS Group raised their price target on Salesforce from $275.00 to $360.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Royal Bank of Canada reissued an "outperform" rating and issued a $300.00 price target on shares of Salesforce in a report on Thursday, September 19th. Northland Securities raised 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 report on Wednesday, October 2nd. Piper Sandler raised their price target on Salesforce from $325.00 to $395.00 and gave the stock an "overweight" rating in a report on Monday. Finally, DA Davidson raised their price target on Salesforce from $250.00 to $300.00 and gave the stock a "neutral" rating in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $345.31.

Insider Activity

In related news, insider Parker Harris sold 4,200 shares of the company's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $257.04, for a total value of $1,079,568.00. Following the completion of the sale, the insider now directly owns 117,581 shares of the company's stock, valued at $30,223,020.24. This represents a 3.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sabastian Niles sold 2,484 shares of the company's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $244.81, for a total value of $608,108.04. Following the completion of the sale, the insider now directly owns 828 shares of the company's stock, valued at approximately $202,702.68. This trade represents a 75.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,982 shares of company stock valued at $41,591,457 in the last quarter. 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.

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