Analysts expect Salesforce.com (NYSE:CRM) to post $0.45 earnings per share (EPS) for the current quarter, according to Zacks. Thirteen analysts have issued estimates for Salesforce.com’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.48. Salesforce.com reported earnings of $0.28 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 60.7%. The firm is expected to report its next quarterly earnings results on Thursday, May 17th.

According to Zacks, analysts expect that Salesforce.com will report full-year earnings of $2.13 per share for the current year, with EPS estimates ranging from $1.88 to $2.27. For the next financial year, analysts expect that the company will report earnings of $2.65 per share, with EPS estimates ranging from $2.12 to $3.09. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Salesforce.com.

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Salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.81 billion. Salesforce.com had a return on equity of 3.86% and a net margin of 1.22%. Salesforce.com’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 earnings per share.

CRM has been the subject of several research analyst reports. Jefferies Group raised Salesforce.com from a “hold” rating to a “buy” rating and lowered their price objective for the company from $97.00 to $84.00 in a report on Thursday, February 15th. Barclays boosted their price objective on Salesforce.com from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, March 21st. Citigroup boosted their price objective on Salesforce.com from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, March 1st. UBS set a $144.00 price objective on Salesforce.com and gave the company a “buy” rating in a report on Wednesday, March 21st. Finally, ValuEngine raised Salesforce.com from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $124.85.

Salesforce.com stock traded up $3.04 during midday trading on Thursday, hitting $122.45. The stock had a trading volume of 2,389,730 shares, compared to its average volume of 5,803,441. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.07. The firm has a market cap of $85,960.93, a P/E ratio of 272.27, a P/E/G ratio of 5.06 and a beta of 1.23. Salesforce.com has a 12 month low of $83.35 and a 12 month high of $128.87.

In other Salesforce.com news, CAO Joe Allanson sold 321 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $113.47, for a total value of $36,423.87. Following the completion of the sale, the chief accounting officer now directly owns 30,618 shares in the company, valued at $3,474,224.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marc Benioff sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $119.62, for a total value of $598,100.00. The disclosure for this sale can be found here. Insiders sold a total of 335,124 shares of company stock valued at $39,231,493 over the last three months. Corporate insiders own 6.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. lifted its position in Salesforce.com by 196.4% in the fourth quarter. Bessemer Group Inc. now owns 1,150 shares of the CRM provider’s stock worth $118,000 after purchasing an additional 762 shares during the period. First Mercantile Trust Co. acquired a new stake in Salesforce.com in the fourth quarter worth approximately $123,000. Cerebellum GP LLC acquired a new stake in Salesforce.com in the fourth quarter worth approximately $125,000. Icon Wealth Partners LLC acquired a new stake in Salesforce.com in the fourth quarter worth approximately $131,000. Finally, Truewealth LLC acquired a new stake in Salesforce.com in the fourth quarter worth approximately $133,000. Hedge funds and other institutional investors own 86.70% of the company’s stock.

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About Salesforce.com

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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