Salesforce (NYSE:CRM) Issues FY 2025 Earnings Guidance

Salesforce (NYSE:CRM) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 9.980-10.030 for the period, compared to the consensus EPS estimate of 10.110. The company issued revenue guidance of $37.8 billion-$38.0 billion, compared to the consensus revenue estimate of $37.9 billion. Salesforce also updated its Q4 guidance to $2.57-2.62 EPS.

Salesforce Stock Up 0.2 %

NYSE CRM opened at $331.77 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average of $304.68 and a two-hundred day moving average of $271.14. The firm has a market capitalization of $317.17 billion, a price-to-earnings ratio of 57.70, a PEG ratio of 3.00 and a beta of 1.30. Salesforce has a 52 week low of $212.00 and a 52 week high of $348.86.

Salesforce (NYSE:CRM) last issued its earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.03). The company had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Salesforce had a net margin of 15.44% and a return on equity of 12.01%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.62 earnings per share. On average, analysts predict that Salesforce will post 7.54 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 18th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Wednesday, September 18th. Salesforce’s dividend payout ratio is currently 27.83%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CRM. Jefferies Financial Group boosted their target price on shares of Salesforce from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Sanford C. Bernstein boosted their target price on shares of Salesforce from $234.00 to $236.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Piper Sandler upped their price objective on shares of Salesforce from $325.00 to $395.00 and gave the stock an “overweight” rating in a research note on Monday. JMP Securities reaffirmed a “market outperform” rating and issued a $450.00 price objective on shares of Salesforce in a research note on Tuesday. Finally, Erste Group Bank raised shares of Salesforce from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Eight equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $361.46.

Insider Activity at Salesforce

In other Salesforce news, insider Miguel Milano sold 719 shares of Salesforce stock in a transaction on Monday, November 25th. The shares were sold at an average price of $342.81, for a total transaction of $246,480.39. Following the sale, the insider now owns 4,659 shares of the company’s stock, valued at $1,597,151.79. The trade was a 13.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sabastian Niles sold 2,484 shares of Salesforce stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $244.81, for a total transaction of $608,108.04. Following the sale, the insider now directly owns 828 shares in the company, valued at approximately $202,702.68. This trade represents a 75.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,982 shares of company stock worth $41,591,457 over the last quarter. Insiders own 3.20% of the company’s stock.

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.