Salesforce (NYSE:CRM - Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 11.330-11.370 for the period, compared to the consensus estimate of 10.200. The company issued revenue guidance of $41.1 billion-$41.3 billion, compared to the consensus revenue estimate of $41.2 billion. Salesforce also updated its Q3 2026 guidance to 2.840-2.860 EPS.
Salesforce Stock Performance
Salesforce stock traded up $6.39 during midday trading on Friday, hitting $250.40. 13,010,920 shares of the company were exchanged, compared to its average volume of 9,763,446. The firm has a market capitalization of $239.39 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. Salesforce has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The business has a fifty day simple moving average of $255.64 and a two-hundred day simple moving average of $266.68. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07.
Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.34% and a net margin of 16.87%.The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the company earned $2.56 earnings per share. Salesforce's revenue for the quarter was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, sell-side analysts forecast that Salesforce will post 7.46 earnings per share for the current year.
Salesforce Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be paid a $0.416 dividend. The ex-dividend date of this dividend 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 currently 25.98%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Salesforce from $380.00 to $365.00 and set an "overweight" rating on the stock in a research report on Thursday. Morgan Stanley lifted their price objective on Salesforce from $404.00 to $405.00 and gave the stock an "overweight" rating in a research report on Tuesday. Robert W. Baird reduced their price objective on Salesforce from $365.00 to $325.00 and set an "outperform" rating on the stock in a research report on Thursday. Bank of America reduced their price objective on Salesforce from $350.00 to $325.00 and set a "buy" rating on the stock in a research report on Tuesday, August 26th. Finally, Erste Group Bank downgraded Salesforce from a "buy" rating to a "hold" rating in a research report on Thursday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Salesforce has a consensus rating of "Moderate Buy" and an average target price of $331.34.
Read Our Latest Stock Analysis on CRM
Insider Activity at Salesforce
In other news, CEO Marc Benioff sold 2,250 shares of the firm'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 directly owned 11,911,571 shares of the company's stock, valued at $2,876,644,396.50. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 66,077 shares of company stock valued at $16,885,773. 3.00% of the stock is owned by company insiders.
Hedge Funds Weigh In On Salesforce
Several hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. increased its stake in Salesforce by 0.5% in the 2nd quarter. Raymond James Financial Inc. now owns 3,761,402 shares of the CRM provider's stock valued at $1,025,697,000 after purchasing an additional 18,832 shares in the last quarter. California State Teachers Retirement System increased its position in Salesforce by 1.2% during the second quarter. California State Teachers Retirement System now owns 1,495,725 shares of the CRM provider's stock worth $407,869,000 after buying an additional 17,631 shares in the last quarter. Lazard Asset Management LLC increased its position in Salesforce by 4.3% during the second quarter. Lazard Asset Management LLC now owns 1,316,727 shares of the CRM provider's stock worth $359,058,000 after buying an additional 54,124 shares in the last quarter. Worldquant Millennium Advisors LLC increased its position in Salesforce by 266.6% during the second quarter. Worldquant Millennium Advisors LLC now owns 840,178 shares of the CRM provider's stock worth $229,108,000 after buying an additional 611,001 shares in the last quarter. Finally, Unisphere Establishment increased its position in Salesforce by 40.5% during the second quarter. Unisphere Establishment now owns 734,600 shares of the CRM provider's stock worth $200,318,000 after buying an additional 211,600 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.
Salesforce Company Profile
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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.
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