salesforce.com (NYSE:CRM) Releases FY20 Earnings Guidance

salesforce.com (NYSE:CRM) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.82-2.84 for the period, compared to the Thomson Reuters consensus estimate of $2.68. The company issued revenue guidance of $16.75-16.90 billion, compared to the consensus revenue estimate of $16.62 billion.salesforce.com also updated its FY 2020 guidance to $2.82-2.84 EPS.

Shares of NYSE CRM traded up $0.86 during midday trading on Thursday, reaching $148.24. The company’s stock had a trading volume of 8,735,481 shares, compared to its average volume of 5,963,078. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 0.96. salesforce.com has a fifty-two week low of $113.60 and a fifty-two week high of $167.56. The business’s 50 day moving average price is $151.52 and its two-hundred day moving average price is $156.22. The company has a market cap of $111.49 billion, a P/E ratio of 102.23, a P/E/G ratio of 5.24 and a beta of 1.27.

salesforce.com (NYSE:CRM) last released its quarterly earnings results on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.19. salesforce.com had a net margin of 8.26% and a return on equity of 8.18%. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the previous year, the business earned $0.71 earnings per share. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. Sell-side analysts forecast that salesforce.com will post 1.26 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on CRM shares. UBS Group set a $190.00 price objective on shares of salesforce.com and gave the company a buy rating in a research note on Tuesday, June 11th. ValuEngine cut shares of salesforce.com from a buy rating to a hold rating in a research note on Thursday, August 1st. Morgan Stanley set a $178.00 price objective on shares of salesforce.com and gave the company a buy rating in a research note on Monday, August 12th. Jefferies Financial Group reissued a buy rating and issued a $165.00 price objective on shares of salesforce.com in a research note on Friday, August 9th. They noted that the move was a valuation call. Finally, Barclays reissued a buy rating and issued a $182.00 price objective on shares of salesforce.com in a research note on Tuesday, June 11th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $179.79.

In related news, Director Craig Conway sold 200 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $158.85, for a total value of $31,770.00. Following the transaction, the director now owns 9,336 shares in the company, valued at $1,483,023.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Joe Allanson sold 168 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $153.88, for a total transaction of $25,851.84. Following the completion of the transaction, the chief accounting officer now owns 30,641 shares in the company, valued at approximately $4,715,037.08. The disclosure for this sale can be found here. In the last three months, insiders sold 302,406 shares of company stock worth $45,982,886. 5.50% of the stock is currently owned by insiders.

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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