salesforce.com (NYSE:CRM) Issues Q4 2020 After-Hours Earnings Guidance

salesforce.com (NYSE:CRM) issued an update on its fourth quarter 2020
After-Hours earnings guidance on Tuesday morning. The company provided EPS guidance of 0.54-0.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.62. The company issued revenue guidance of $4.743-4.753 billion, compared to the consensus revenue estimate of $4.72 billion.salesforce.com also updated its FY 2020
After-Hours guidance to 2.89-2.90 EPS.

salesforce.com stock opened at $157.16 on Wednesday. salesforce.com has a twelve month low of $120.16 and a twelve month high of $167.56. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $142.85 billion, a P/E ratio of 108.39, a PEG ratio of 7.00 and a beta of 1.24. The stock’s 50 day moving average is $157.11 and its 200 day moving average is $153.41.

salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.09. salesforce.com had a return on equity of 7.26% and a net margin of 6.45%. The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 33.0% compared to the same quarter last year. As a group, equities analysts expect that salesforce.com will post 1.24 EPS for the current year.

A number of equities analysts recently issued reports on the stock. Needham & Company LLC reiterated a hold rating on shares of salesforce.com in a research note on Wednesday. Robert W. Baird restated a buy rating and set a $185.00 price objective on shares of salesforce.com in a research note on Thursday, November 21st. Barclays set a $189.00 target price on shares of salesforce.com and gave the stock a buy rating in a research note on Wednesday. Monness Crespi & Hardt increased their price target on shares of salesforce.com from $200.00 to $210.00 and gave the company a buy rating in a report on Friday, August 23rd. Finally, ValuEngine downgraded shares of salesforce.com from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $189.05.

In other news, CEO Marc Benioff sold 5,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $153.25, for a total transaction of $766,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Parker Harris sold 620 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $163.22, for a total value of $101,196.40. Following the completion of the sale, the insider now owns 32,034 shares of the company’s stock, valued at $5,228,589.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 295,065 shares of company stock valued at $46,033,032. 5.50% of the stock is owned by corporate insiders.

About salesforce.com

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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Earnings History and Estimates for salesforce.com (NYSE:CRM)

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