DA Davidson Issues Positive Outlook for Salesforce Earnings

Salesforce, Inc. (NYSE:CRM - Free Report) - Investment analysts at DA Davidson increased their FY2026 earnings per share (EPS) estimates for shares of Salesforce in a note issued to investors on Thursday, May 29th. DA Davidson analyst G. Luria now expects that the CRM provider will earn $8.52 per share for the year, up from their prior forecast of $8.24. DA Davidson has a "Underperform" rating and a $200.00 price target 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 $9.25 EPS.

A number of other equities analysts have also issued reports on CRM. Piper Sandler increased their price target on Salesforce from $315.00 to $335.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $400.00 target price on shares of Salesforce in a research note on Wednesday, May 28th. Robert W. Baird dropped their price target on shares of Salesforce from $430.00 to $400.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Stephens reduced their price objective on shares of Salesforce from $311.00 to $309.00 and set an "equal weight" rating for the company in a research report on Friday. Finally, Westpark Capital reaffirmed a "buy" rating and issued a $320.00 price objective on shares of Salesforce in a research note on Wednesday, May 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-eight have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, Salesforce presently has an average rating of "Moderate Buy" and an average target price of $346.34.

Salesforce Price Performance

Shares of Salesforce stock traded up $2.94 on Monday, hitting $264.56. The company had a trading volume of 7,829,576 shares, compared to its average volume of 6,684,810. Salesforce has a 52 week low of $227.77 and a 52 week high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $254.35 billion, a PE ratio of 43.51, a PEG ratio of 2.58 and a beta of 1.42. The business has a 50-day simple moving average of $266.92 and a 200-day simple moving average of $303.86.

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

Institutional Trading of Salesforce

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in Salesforce in the 4th quarter valued at approximately $3,599,867,000. Nuveen LLC acquired a new position in shares of Salesforce in the first quarter valued at $2,039,196,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Salesforce by 926.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,256,211 shares of the CRM provider's stock worth $1,422,979,000 after purchasing an additional 3,841,521 shares during the period. GAMMA Investing LLC boosted its stake in Salesforce by 30,456.9% during the first quarter. GAMMA Investing LLC now owns 3,801,588 shares of the CRM provider's stock worth $1,020,194,000 after buying an additional 3,789,147 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Salesforce in the 4th quarter valued at $1,173,564,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Salesforce

In other news, insider R David Schmaier sold 6,959 shares of the stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $253.31, for a total value of $1,762,784.29. Following the completion of the sale, the insider now directly owns 36,090 shares of the company's stock, valued at approximately $9,141,957.90. This represents a 16.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Sundeep G. Reddy sold 1,909 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $284.58, for a total transaction of $543,263.22. Following the completion of the sale, the chief accounting officer now owns 11,310 shares in the company, valued at approximately $3,218,599.80. The trade was a 14.44% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,332 shares of company stock valued at $11,024,802. Corporate insiders own 3.20% of the company's stock.

Salesforce Increases Dividend

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

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.