FY2026 EPS Estimates for Salesforce Increased by DA Davidson

Key Points

• DA Davidson has raised its FY2026 earnings per share (EPS) estimate for Salesforce to $8.58, reflecting an increase from the previous estimate of $8.52.
• Salesforce's latest quarterly earnings surpassed expectations, reporting $2.91 per share, which is $0.13 higher than the consensus estimate of $2.78.
• The company plans to pay a quarterly dividend of $0.416 per share on October 9th, indicating a 0.7% dividend yield and a payout ratio of approximately 25.98%.

Salesforce Inc. (NYSE:CRM - Free Report) - Research analysts at DA Davidson increased their FY2026 earnings per share estimates for shares of Salesforce in a report released on Thursday, September 4th. DA Davidson analyst G. Luria now anticipates that the CRM provider will post earnings per share of $8.58 for the year, up from their prior forecast of $8.52. DA Davidson currently has a "Neutral" rating and a $225.00 target price on the stock. The consensus estimate for Salesforce's current full-year earnings is $7.46 per share. DA Davidson also issued estimates for Salesforce's FY2027 earnings at $9.66 EPS.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to analysts' expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business's quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm earned $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS.

Several other equities research analysts have also recently issued reports on the company. Westpark Capital reaffirmed a "buy" rating and issued a $320.00 target price on shares of Salesforce in a report on Wednesday, May 28th. JPMorgan Chase & Co. dropped their price target on Salesforce from $380.00 to $365.00 and set an "overweight" rating for the company in a research report on Thursday. Oppenheimer dropped their price target on Salesforce from $370.00 to $315.00 and set an "outperform" rating for the company in a research report on Tuesday, August 26th. Barclays dropped their price target on Salesforce from $347.00 to $316.00 and set an "overweight" rating for the company in a research report on Monday, August 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Salesforce from $400.00 to $340.00 and set a "buy" rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $333.11.

Salesforce Price Performance

NYSE:CRM traded up $1.07 on Friday, reaching $251.83. 12,593,889 shares of the company's stock traded hands, compared to its average volume of 7,512,772. Salesforce has a 12 month low of $226.48 and a 12 month high of $369.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock has a 50-day simple moving average of $255.64 and a 200-day simple moving average of $266.32. The firm has a market cap of $239.74 billion, a PE ratio of 36.60, a P/E/G ratio of 2.29 and a beta of 1.22.

Hedge Funds Weigh In On Salesforce

Large investors have recently bought and sold shares of the business. Bernard Wealth Management Corp. bought a new position in Salesforce in the fourth quarter worth approximately $25,000. Painted Porch Advisors LLC raised its stake in Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock worth $25,000 after buying an additional 65 shares in the last quarter. Evolution Wealth Management Inc. bought a new position in Salesforce in the second quarter worth approximately $27,000. Wood Tarver Financial Group LLC bought a new position in Salesforce in the fourth quarter worth approximately $35,000. Finally, Capital A Wealth Management LLC raised its stake in Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after buying an additional 90 shares in the last quarter. Institutional investors own 80.43% of the company's stock.

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $241.50, for a total value of $543,375.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,876,644,396.50. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 66,077 shares of company stock valued at $16,885,773 in the last ninety days. 3.00% of the stock is currently owned by insiders.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be issued a $0.416 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce's payout ratio is presently 24.13%.

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.