Salesforce (NYSE:CRM) Updates FY25 Earnings Guidance

Salesforce (NYSE:CRM) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $10.03-$10.11 for the period, compared to the consensus earnings per share estimate of $9.89. The company issued revenue guidance of $37.7-$38.0 billion, compared to the consensus revenue estimate of $37.79 billion. Salesforce also updated its FY 2025 guidance to 10.030-10.110 EPS.

Salesforce Stock Up 0.5 %

Shares of CRM traded up $1.24 during midday trading on Thursday, reaching $260.14. 5,307,945 shares of the company were exchanged, compared to its average volume of 6,550,664. The stock has a 50-day moving average price of $253.44 and a 200-day moving average price of $271.63. The company has a market cap of $252.08 billion, a price-to-earnings ratio of 46.56, a P/E/G ratio of 2.22 and a beta of 1.29. Salesforce has a 1-year low of $193.68 and a 1-year high of $318.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 28th. The CRM provider reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.19. The company had revenue of $9.33 billion for the quarter, compared to analysts’ expectations of $9.22 billion. Salesforce had a return on equity of 11.57% and a net margin of 15.30%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 earnings per share. Research analysts expect that Salesforce will post 7.47 earnings per share for the current year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Tuesday, July 9th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Tuesday, July 9th. Salesforce’s dividend payout ratio is presently 28.78%.

Wall Street Analyst Weigh In

CRM has been the topic of a number of recent research reports. Citigroup boosted their price objective on Salesforce from $260.00 to $290.00 and gave the stock a neutral rating in a research note on Monday. Loop Capital lifted their target price on Salesforce from $240.00 to $270.00 and gave the stock a hold rating in a research report on Thursday. Royal Bank of Canada reaffirmed an outperform rating and set a $350.00 target price on shares of Salesforce in a research report on Friday, May 24th. Wedbush dropped their target price on Salesforce from $325.00 to $315.00 and set an outperform rating on the stock in a research report on Wednesday, May 29th. Finally, Bank of America lifted their target price on Salesforce from $316.00 to $325.00 and gave the stock a buy rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Salesforce presently has an average rating of Moderate Buy and a consensus price target of $298.68.

Insider Transactions at Salesforce

In other news, CAO Sundeep G. Reddy sold 413 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $255.78, for a total transaction of $105,637.14. Following the completion of the transaction, the chief accounting officer now directly owns 6,431 shares in the company, valued at $1,644,921.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Sundeep G. Reddy sold 413 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $255.78, for a total transaction of $105,637.14. Following the completion of the transaction, the chief accounting officer now directly owns 6,431 shares in the company, valued at $1,644,921.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Amy E. Weaver sold 897 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $255.78, for a total value of $229,434.66. Following the completion of the sale, the chief financial officer now owns 51,109 shares of the company’s stock, valued at $13,072,660.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 112,964 shares of company stock worth $27,956,647. Company insiders own 3.20% of the company’s stock.

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.