Q2 2027 EPS Estimates for Salesforce, Inc. (NYSE:CRM) Decreased by Analyst

Salesforce, Inc. (NYSE:CRM) – Investment analysts at Zacks Research dropped their Q2 2027 earnings estimates for shares of Salesforce in a report released on Monday, August 26th. Zacks Research analyst R. Department now anticipates that the CRM provider will earn $2.32 per share for the quarter, down from their prior forecast of $2.33. The consensus estimate for Salesforce’s current full-year earnings is $7.47 per share.

Other research analysts have also issued reports about the stock. DA Davidson decreased their price objective on shares of Salesforce from $300.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, May 30th. Evercore ISI reiterated an “outperform” rating and issued a $300.00 price target on shares of Salesforce in a research note on Monday. Stifel Nicolaus decreased their price target on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Robert W. Baird decreased their price target on shares of Salesforce from $355.00 to $295.00 and set an “outperform” rating for the company in a research note on Thursday, May 30th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Salesforce from $310.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and an average target price of $292.38.

Salesforce Stock Up 0.5 %

Shares of NYSE CRM opened at $265.29 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. Salesforce has a 12 month low of $193.68 and a 12 month high of $318.71. The firm has a market capitalization of $257.07 billion, a PE ratio of 47.71, a price-to-earnings-growth ratio of 2.22 and a beta of 1.29. The firm has a fifty day simple moving average of $252.79 and a two-hundred day simple moving average of $271.82.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, May 29th. The CRM provider reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.06. Salesforce had a net margin of 15.30% and a return on equity of 11.57%. The company had revenue of $9.13 billion during the quarter, compared to analyst estimates of $9.15 billion. During the same period in the prior year, the business posted $1.15 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Tuesday, July 9th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Tuesday, July 9th. Salesforce’s dividend payout ratio (DPR) is presently 28.78%.

Insider Activity at Salesforce

In other Salesforce news, insider Parker Harris sold 4,200 shares of Salesforce stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $262.97, for a total transaction of $1,104,474.00. Following the completion of the transaction, the insider now directly owns 117,581 shares of the company’s stock, valued at $30,920,275.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Parker Harris sold 4,200 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $262.97, for a total transaction of $1,104,474.00. Following the completion of the sale, the insider now directly owns 117,581 shares of the company’s stock, valued at $30,920,275.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director G Mason Morfit bought 428,000 shares of the stock in a transaction dated Monday, June 3rd. The shares were bought at an average cost of $233.17 per share, with a total value of $99,796,760.00. Following the completion of the purchase, the director now directly owns 3,914,309 shares of the company’s stock, valued at approximately $912,699,429.53. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 123,764 shares of company stock valued at $30,102,367. 3.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Salesforce

A number of large investors have recently added to or reduced their stakes in the company. Spartan Planning & Wealth Management grew its stake in shares of Salesforce by 66.3% during the fourth quarter. Spartan Planning & Wealth Management now owns 1,567 shares of the CRM provider’s stock worth $412,000 after acquiring an additional 625 shares during the last quarter. Parnassus Investments LLC increased its stake in Salesforce by 0.3% during the 4th quarter. Parnassus Investments LLC now owns 5,951,415 shares of the CRM provider’s stock valued at $1,566,055,000 after purchasing an additional 18,397 shares in the last quarter. TD Asset Management Inc lifted its stake in shares of Salesforce by 32.6% during the fourth quarter. TD Asset Management Inc now owns 789,525 shares of the CRM provider’s stock worth $207,756,000 after buying an additional 194,224 shares during the period. Chicago Partners Investment Group LLC grew its holdings in shares of Salesforce by 1.3% during the fourth quarter. Chicago Partners Investment Group LLC now owns 7,160 shares of the CRM provider’s stock valued at $1,983,000 after buying an additional 95 shares during the last quarter. Finally, M&G Plc acquired a new position in shares of Salesforce in the 1st quarter valued at $2,178,000. 80.43% of the stock is currently owned by institutional investors.

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.