FY2026 EPS Estimates for Salesforce Increased by DA Davidson

Salesforce, Inc. (NYSE:CRM) – Equities researchers at DA Davidson lifted their FY2026 EPS estimates for Salesforce in a note issued to investors on Thursday, May 29th. DA Davidson analyst G. Luria now expects that the CRM provider will post earnings per share of $8.52 for the year, up from their previous forecast of $8.24. DA Davidson has a “Underperform” rating and a $200.00 price objective on the stock. The consensus estimate for Salesforce’s current full-year earnings is $7.46 per share. DA Davidson also issued estimates for Salesforce’s FY2027 earnings at $9.25 EPS.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.03. The business had revenue of $9.83 billion for the quarter, compared to the consensus estimate 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 period last year, the firm posted $2.44 earnings per share.

Other equities analysts also recently issued reports about the stock. Cantor Fitzgerald initiated coverage on shares of Salesforce in a report on Wednesday, April 23rd. They set an “overweight” rating and a $210.00 price objective on the stock. Oppenheimer reiterated an “outperform” rating and issued a $370.00 target price (down from $380.00) on shares of Salesforce in a research report on Thursday. Canaccord Genuity Group reduced their target price on shares of Salesforce from $400.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, May 28th. Wells Fargo & Company increased their target price on shares of Salesforce from $255.00 to $275.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, The Goldman Sachs Group increased their target price on shares of Salesforce from $340.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $343.32.

Salesforce Stock Performance

CRM opened at $265.03 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The company has a market cap of $254.80 billion, a price-to-earnings ratio of 43.59, a PEG ratio of 2.58 and a beta of 1.42. Salesforce has a 52-week low of $227.77 and a 52-week high of $369.00. The firm’s fifty day simple moving average is $267.31 and its two-hundred day simple moving average is $304.30.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Athena Investment Management purchased a new position in shares of Salesforce in the fourth quarter valued at approximately $236,000. Jag Capital Management LLC lifted its stake in Salesforce by 2,507.9% in the fourth quarter. Jag Capital Management LLC now owns 23,706 shares of the CRM provider’s stock worth $7,926,000 after acquiring an additional 22,797 shares during the last quarter. Lecap Asset Management Ltd. purchased a new position in Salesforce in the fourth quarter worth approximately $2,861,000. Atlantic Union Bankshares Corp lifted its stake in Salesforce by 2.7% in the fourth quarter. Atlantic Union Bankshares Corp now owns 27,358 shares of the CRM provider’s stock worth $9,146,000 after acquiring an additional 723 shares during the last quarter. Finally, Dash Acquisitions Inc. lifted its stake in Salesforce by 2.6% in the fourth quarter. Dash Acquisitions Inc. now owns 60,521 shares of the CRM provider’s stock worth $21,785,000 after acquiring an additional 1,525 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insiders Place Their Bets

In other news, insider R David Schmaier sold 6,959 shares of the firm’s stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $253.31, for a total value of $1,762,784.29. Following the completion of the transaction, the insider now owns 36,090 shares of the company’s stock, valued at approximately $9,141,957.90. This trade represents a 16.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Sundeep G. Reddy sold 1,909 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $284.58, for a total transaction 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 approximately $3,218,599.80. The trade was a 14.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,332 shares of company stock valued at $11,024,802 over the last 90 days. 3.20% of the stock is owned by company insiders.

Salesforce Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 0.63%. The ex-dividend date was Thursday, April 10th. This is a positive change from Salesforce’s previous quarterly dividend of $0.40. Salesforce’s dividend payout ratio (DPR) is 25.98%.

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.