salesforce.com (NYSE:CRM) Announces Quarterly Earnings Results, Beats Expectations By $0.09 EPS

salesforce.com (NYSE:CRM) posted its earnings results on Tuesday. The CRM provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09, Bloomberg Earnings reports. salesforce.com had a net margin of 6.45% and a return on equity of 7.26%. The firm had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same period in the previous year, the business posted $0.61 EPS. salesforce.com’s revenue was up 33.0% on a year-over-year basis.

Shares of NYSE:CRM opened at $161.57 on Wednesday. The company has a market capitalization of $142.85 billion, a PE ratio of 111.43, a price-to-earnings-growth ratio of 7.00 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a fifty day moving average of $157.11 and a 200-day moving average of $153.41. salesforce.com has a one year low of $120.16 and a one year high of $167.56.

A number of brokerages recently issued reports on CRM. FBN Securities set a $200.00 price objective on salesforce.com and gave the stock a “buy” rating in a report on Friday, August 23rd. Piper Jaffray Companies began coverage on salesforce.com in a research note on Wednesday, November 13th. They set an “overweight” rating and a $190.00 target price on the stock. Nomura increased their price target on salesforce.com from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. TheStreet lowered salesforce.com from a “b” rating to a “c” rating in a report on Thursday, August 22nd. Finally, Macquarie lifted their price objective on shares of salesforce.com from $184.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Three analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $188.22.

In other salesforce.com news, CFO Mark J. Hawkins sold 87,774 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $160.14, for a total transaction of $14,056,128.36. Following the sale, the chief financial officer now owns 42,780 shares in the company, valued at approximately $6,850,789.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Joe Allanson sold 167 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $154.07, for a total transaction of $25,729.69. Following the sale, the chief accounting officer now directly owns 30,958 shares of the company’s stock, valued at $4,769,699.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 295,065 shares of company stock valued at $46,033,032. Corporate 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.

Further Reading: How is a management fee different from a performance fee?

Earnings History for salesforce.com (NYSE:CRM)

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