Q2 Earnings Forecast for Salesforce Issued By DA Davidson

Salesforce, Inc. (NYSE:CRM - Free Report) - DA Davidson issued their Q2 2026 earnings per share (EPS) estimates for Salesforce in a research note issued to investors on Thursday, May 29th. DA Davidson analyst G. Luria anticipates that the CRM provider will post earnings per share of $2.10 for the quarter. DA Davidson has a "Underperform" rating and a $200.00 price objective on the stock. The consensus estimate for Salesforce's current full-year earnings is $7.46 per share.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus dropped their price objective on Salesforce from $425.00 to $375.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. UBS Group dropped their price target on Salesforce from $320.00 to $300.00 and set a "neutral" rating for the company in a research note on Tuesday, May 27th. The Goldman Sachs Group boosted their target price on Salesforce from $340.00 to $385.00 and gave the company a "buy" rating in a research note on Thursday. Royal Bank of Canada lowered Salesforce from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $420.00 to $275.00 in a research note on Thursday. Finally, Northland Securities lowered their target price on Salesforce from $423.00 to $396.00 and set an "outperform" rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-eight have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $343.32.

Salesforce Price Performance

NYSE:CRM traded down $4.18 during trading hours on Friday, hitting $261.19. 3,564,291 shares of the company's stock traded hands, compared to its average volume of 6,658,766. The firm has a market cap of $251.10 billion, a P/E ratio of 42.95, a P/E/G ratio of 2.58 and a beta of 1.42. Salesforce has a 52 week low of $227.77 and a 52 week high of $369.00. The business's fifty day simple moving average is $267.31 and its two-hundred day simple moving average is $304.30. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14.

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

Institutional Investors Weigh In On Salesforce

Hedge funds have recently added to or reduced their stakes in the business. Modern Wealth Management LLC grew its position in shares of Salesforce by 35.1% in the 1st quarter. Modern Wealth Management LLC now owns 2,750 shares of the CRM provider's stock valued at $738,000 after buying an additional 714 shares during the last quarter. Nova Wealth Management Inc. grew its holdings in shares of Salesforce by 38.0% during the first quarter. Nova Wealth Management Inc. now owns 636 shares of the CRM provider's stock worth $171,000 after buying an additional 175 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Salesforce by 31.2% during the first quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider's stock worth $93,016,000 after buying an additional 81,916 shares during the period. Strs Ohio purchased a new position in shares of Salesforce in the first quarter valued at $100,472,000. Finally, Jacobi Capital Management LLC boosted its stake in shares of Salesforce by 2.6% in the first quarter. Jacobi Capital Management LLC now owns 6,241 shares of the CRM provider's stock valued at $1,675,000 after purchasing an additional 159 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Salesforce

In other Salesforce news, CAO Sundeep G. Reddy sold 1,909 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $284.58, for a total value of $543,263.22. Following the completion of the transaction, the chief accounting officer now owns 11,310 shares in the company, valued at approximately $3,218,599.80. This represents a 14.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Amy E. Weaver sold 6,221 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $277.37, for a total transaction of $1,725,518.77. Following the transaction, the chief financial officer now owns 46,750 shares of the company's stock, valued at approximately $12,967,047.50. This trade represents a 11.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,332 shares of company stock valued at $11,024,802 over the last ninety days. 3.20% of the stock is owned by company insiders.

Salesforce Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Thursday, April 10th. This is an increase from Salesforce's previous quarterly dividend of $0.40. Salesforce's payout ratio is currently 25.98%.

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.