Salesforce, Inc. Expected to Post FY2026 Earnings of $8.70 Per Share (NYSE:CRM)

Salesforce, Inc. (NYSE:CRM) – DA Davidson dropped their FY2026 EPS estimates for shares of Salesforce in a report released on Thursday, August 29th. DA Davidson analyst G. Luria now expects that the CRM provider will post earnings of $8.70 per share for the year, down from their prior forecast of $8.71. DA Davidson has a “Neutral” rating and a $250.00 price objective on the stock. The consensus estimate for Salesforce’s current full-year earnings is $7.52 per share.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, August 28th. The CRM provider reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.20. Salesforce had a net margin of 15.44% and a return on equity of 12.01%. The company had revenue of $9.33 billion for the quarter, compared to the consensus estimate of $9.22 billion. During the same period in the previous year, the firm earned $1.63 EPS. Salesforce’s revenue was up 8.5% on a year-over-year basis.

A number of other analysts also recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and set a $300.00 price target on shares of Salesforce in a research report on Thursday. Citigroup boosted their price target on shares of Salesforce from $260.00 to $290.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Roth Mkm reiterated a “buy” rating and issued a $335.00 target price on shares of Salesforce in a report on Thursday. Sanford C. Bernstein boosted their target price on shares of Salesforce from $234.00 to $236.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Oppenheimer boosted their target price on shares of Salesforce from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday. Eight investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and a consensus price target of $304.41.

Salesforce Stock Down 1.6 %

CRM stock opened at $252.90 on Monday. Salesforce has a 52 week low of $193.68 and a 52 week high of $318.71. The company has a market capitalization of $245.06 billion, a price-to-earnings ratio of 45.49, a price-to-earnings-growth ratio of 2.22 and a beta of 1.29. The firm’s 50-day moving average is $254.44 and its two-hundred day moving average is $271.13. The company has a current ratio of 1.04, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15.

Institutional Trading of Salesforce

Several large investors have recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Salesforce during the 2nd quarter worth $33,000. Souders Financial Advisors raised its stake in Salesforce by 435.0% during the 2nd quarter. Souders Financial Advisors now owns 4,018 shares of the CRM provider’s stock valued at $1,033,000 after purchasing an additional 3,267 shares during the last quarter. Clearbridge Investments LLC raised its stake in Salesforce by 9.3% during the 2nd quarter. Clearbridge Investments LLC now owns 3,428,934 shares of the CRM provider’s stock valued at $881,579,000 after purchasing an additional 292,912 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in Salesforce during the 2nd quarter valued at $336,000. Finally, KPP Advisory Services LLC raised its stake in Salesforce by 7.6% during the 2nd quarter. KPP Advisory Services LLC now owns 6,921 shares of the CRM provider’s stock valued at $1,779,000 after purchasing an additional 487 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Insider Activity at Salesforce

In related news, CAO Sundeep G. Reddy sold 413 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $255.78, for a total transaction of $105,637.14. Following the transaction, the chief accounting officer now directly owns 6,431 shares of the company’s stock, valued at $1,644,921.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Salesforce news, insider Parker Harris sold 4,200 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $262.97, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sundeep G. Reddy sold 413 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $255.78, for a total transaction of $105,637.14. Following the completion of the sale, the chief accounting officer now directly owns 6,431 shares of the company’s stock, valued at $1,644,921.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 112,964 shares of company stock valued at $27,956,647. Corporate insiders own 3.20% of the company’s stock.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Tuesday, July 9th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Tuesday, July 9th. Salesforce’s payout ratio is presently 28.78%.

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.