salesforce.com (NYSE:CRM) Releases FY 2021 After-Hours Earnings Guidance

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salesforce.com (NYSE:CRM) updated its FY 2021
After-Hours earnings guidance on Tuesday. The company provided EPS guidance of 3.16-3.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.10. The company issued revenue guidance of $21-21.1 billion, compared to the consensus revenue estimate of $20.93 billion.salesforce.com also updated its Q1 2021
After-Hours guidance to 0.70-0.71 EPS.

A number of research firms have weighed in on CRM. JMP Securities reaffirmed a buy rating and issued a $191.00 price objective on shares of salesforce.com in a research note on Monday, November 25th. JPMorgan Chase & Co. reiterated a buy rating and issued a $200.00 target price on shares of salesforce.com in a report on Wednesday, December 4th. BMO Capital Markets reiterated an outperform rating and issued a $220.00 target price on shares of salesforce.com in a report on Friday. Robert W. Baird reiterated a buy rating and issued a $185.00 target price on shares of salesforce.com in a report on Thursday, November 21st. Finally, Jefferies Financial Group increased their target price on shares of salesforce.com from $210.00 to $220.00 and gave the company a buy rating in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $200.20.

salesforce.com stock traded down $4.67 during mid-day trading on Tuesday, reaching $181.27. The stock had a trading volume of 11,257,080 shares, compared to its average volume of 4,858,480. The company has a market capitalization of $168.09 billion, a price-to-earnings ratio of 192.84, a PEG ratio of 8.07 and a beta of 1.19. The company has a 50-day moving average price of $184.26 and a two-hundred day moving average price of $162.04. salesforce.com has a one year low of $137.87 and a one year high of $195.72. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 1.05.

salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.09. The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.45 billion. salesforce.com had a net margin of 4.64% and a return on equity of 5.37%. The business’s revenue for the quarter was up 33.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. On average, equities research analysts anticipate that salesforce.com will post 1.28 earnings per share for the current fiscal year.

In other news, CFO Mark J. Hawkins sold 87,774 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $160.14, for a total transaction of $14,056,128.36. Following the completion of the sale, the chief financial officer now owns 42,780 shares of the company’s stock, valued at approximately $6,850,789.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marc Benioff sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $193.29, for a total transaction of $1,932,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 503,571 shares of company stock worth $86,697,320 in the last 90 days. Company insiders own 5.50% of the company’s stock.

salesforce.com Company Profile

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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