Brokers Issue Forecasts for Salesforce FY2026 Earnings

Salesforce, Inc. (NYSE:CRM - Free Report) - Analysts at Cantor Fitzgerald issued their FY2026 earnings per share estimates for shares of Salesforce in a research note issued on Monday, June 9th. Cantor Fitzgerald analyst M. Vanvliet anticipates that the CRM provider will post earnings of $8.55 per share for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $325.00 target price on the stock. The consensus estimate for Salesforce's current full-year earnings is $7.46 per share.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.03. Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The firm had revenue of $9.83 billion during the quarter, compared to analyst estimates of $9.74 billion. During the same quarter last year, the business earned $2.44 EPS. The company's revenue was up 7.6% compared to the same quarter last year.

Several other equities research analysts also recently commented on the stock. Loop Capital dropped their price objective on shares of Salesforce from $330.00 to $300.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Macquarie restated a "neutral" rating and set a $320.00 price target on shares of Salesforce in a research note on Thursday, March 20th. DA Davidson reaffirmed an "underperform" rating and issued a $200.00 price objective on shares of Salesforce in a report on Wednesday, May 28th. The Goldman Sachs Group boosted their target price on shares of Salesforce from $340.00 to $385.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Finally, Citigroup cut their price target on Salesforce from $320.00 to $295.00 and set a "neutral" rating for the company in a report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-seven have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $346.34.

Salesforce Stock Performance

CRM traded up $1.19 during midday trading on Wednesday, reaching $267.10. The company had a trading volume of 4,095,341 shares, compared to its average volume of 6,569,422. Salesforce has a 12-month low of $227.77 and a 12-month high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. The business has a 50-day moving average price of $267.35 and a two-hundred day moving average price of $301.22. The stock has a market cap of $255.35 billion, a PE ratio of 43.93, a P/E/G ratio of 2.58 and a beta of 1.38.

Salesforce Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be paid a $0.416 dividend. This represents a $1.66 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Wednesday, June 18th. Salesforce's payout ratio is 25.98%.

Insider Activity at Salesforce

In other news, insider Srinivas Tallapragada sold 6,697 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $295.00, for a total value of $1,975,615.00. Following the completion of the sale, the insider now directly owns 41,422 shares of the company's stock, valued at approximately $12,219,490. This trade represents a 13.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Sundeep G. Reddy sold 1,909 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $284.58, for a total transaction of $543,263.22. Following the transaction, the chief accounting officer now owns 11,310 shares in the company, valued at $3,218,599.80. This represents a 14.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,332 shares of company stock worth $11,024,802 in the last three months. 3.20% of the stock is owned by insiders.

Institutional Trading of Salesforce

Several large investors have recently bought and sold shares of CRM. Tallon Kerry Patrick bought a new stake in Salesforce during the fourth quarter worth about $236,000. Brighton Jones LLC increased its stake in shares of Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock valued at $8,582,000 after purchasing an additional 3,102 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Salesforce during the fourth quarter valued at approximately $104,173,000. Revolve Wealth Partners LLC boosted its position in shares of Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock worth $611,000 after purchasing an additional 205 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. grew its stake in shares of Salesforce by 8.7% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 1,932 shares of the CRM provider's stock worth $646,000 after buying an additional 155 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

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.