Salesforce (NYSE:CRM) Issues Earnings Results

Salesforce (NYSE:CRM) released its quarterly earnings results on Wednesday. The CRM provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.03, RTT News reports. The firm had revenue of $9.83 billion during the quarter, compared to analyst estimates of $9.74 billion. Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.44 EPS. Salesforce updated its FY 2026 guidance to 11.270-11.330 EPS and its Q2 2026 guidance to 2.760-2.780 EPS.

Salesforce Price Performance

CRM stock opened at $267.36 on Friday. The firm has a 50 day moving average of $267.78 and a 200-day moving average of $305.28. The firm has a market capitalization of $257.03 billion, a P/E ratio of 43.97, a price-to-earnings-growth ratio of 2.58 and a beta of 1.42. Salesforce has a 12 month low of $212.00 and a 12 month high of $369.00. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.63%. This is an increase from Salesforce’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. Salesforce’s dividend payout ratio is presently 25.98%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CRM. Scotiabank reduced their price objective on shares of Salesforce from $400.00 to $345.00 and set a “sector outperform” rating for the company in a research report on Monday, March 17th. Oppenheimer restated an “outperform” rating and issued a $370.00 price target (down from $380.00) on shares of Salesforce in a report on Thursday. Mizuho decreased their price target on shares of Salesforce from $425.00 to $380.00 and set an “outperform” rating for the company in a research note on Thursday, May 15th. Sanford C. Bernstein increased their price objective on shares of Salesforce from $243.00 to $255.00 and gave the stock an “underperform” rating in a research report on Thursday. Finally, The Goldman Sachs Group boosted their target price on Salesforce from $340.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, six have issued a hold rating, thirty have assigned a buy rating and five have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $342.90.

Insider Activity at Salesforce

In other Salesforce news, CAO Sundeep G. Reddy sold 1,909 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $284.58, for a total value of $543,263.22. Following the completion of the transaction, the chief accounting officer now directly owns 11,310 shares of the company’s stock, valued at $3,218,599.80. This trade represents a 14.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider R David Schmaier sold 6,959 shares of the business’s stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $253.31, for a total transaction of $1,762,784.29. Following the transaction, the insider now owns 36,090 shares of the company’s stock, valued at $9,141,957.90. This trade represents a 16.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,553 shares of company stock valued at $12,897,323. Corporate insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Salesforce

Institutional investors have recently added to or reduced their stakes in the business. Bison Wealth LLC grew its holdings in Salesforce by 9.0% in the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after purchasing an additional 184 shares during the period. Revolve Wealth Partners LLC raised its stake in Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after purchasing an additional 205 shares during the period. Finally, Brighton Jones LLC boosted its holdings in shares of Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after purchasing an additional 3,102 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

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.