Salesforce (CRM) to Release Earnings on Tuesday

Salesforce (NYSE:CRM) is scheduled to be announcing its earnings results after the market closes on Tuesday, December 3rd. Analysts expect the company to announce earnings of $2.43 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Salesforce Stock Performance

Salesforce stock opened at $329.99 on Monday. The business has a 50 day moving average of $302.12 and a 200-day moving average of $270.49. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. Salesforce has a 1 year low of $212.00 and a 1 year high of $348.86. The company has a market capitalization of $315.47 billion, a P/E ratio of 57.39, a P/E/G ratio of 2.99 and a beta of 1.29.

Salesforce Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on CRM shares. Scotiabank started coverage on shares of Salesforce in a report on Monday, November 18th. They issued a “sector outperform” rating and a $425.00 price target for the company. Wedbush upped their price target on Salesforce from $325.00 to $375.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Loop Capital increased their price target on Salesforce from $270.00 to $340.00 and gave the stock a “hold” rating in a report on Thursday, November 14th. Northland Capmk upgraded Salesforce from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus increased their target price on Salesforce from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Eight investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and a consensus price target of $341.89.

Insider Transactions at Salesforce

In other Salesforce news, insider Parker Harris sold 3,528 shares of Salesforce stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $250.59, for a total transaction of $884,081.52. Following the transaction, the insider now owns 117,581 shares of the company’s stock, valued at $29,464,622.79. The trade was a 2.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sundeep G. Reddy sold 413 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $285.29, for a total transaction of $117,824.77. Following the sale, the chief accounting officer now owns 7,006 shares in the company, valued at $1,998,741.74. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 144,510 shares of company stock worth $42,475,538 in the last 90 days. 3.20% of the stock is currently owned by insiders.

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.