(CRM) Releases Q4 2019 Earnings Guidance

Share on StockTwits (NYSE:CRM) updated its fourth quarter 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.54-0.55 for the period, compared to the Thomson Reuters consensus estimate of $0.57. The company issued revenue guidance of $3.551-3.561 billion, compared to the consensus revenue estimate of $3.53 also updated its FY 2019 guidance to $2.60-2.61 EPS.

A number of research firms have recently commented on CRM. Wedbush restated an outperform rating and set a $180.00 price objective (up from $160.00) on shares of in a research note on Monday. Piper Jaffray Companies reduced their price objective on shares of from $190.00 to $160.00 and set an overweight rating for the company in a research note on Wednesday, November 21st. Zacks Investment Research restated a hold rating on shares of in a research note on Monday, November 12th. TheStreet downgraded shares of from a b- rating to a c+ rating in a research note on Friday, October 26th. Finally, Nomura began coverage on shares of in a research note on Monday, October 29th. They set a buy rating and a $181.00 price objective for the company. Six analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $167.11.

NYSE:CRM traded up $1.13 during mid-day trading on Tuesday, hitting $127.54. The stock had a trading volume of 10,378,401 shares, compared to its average volume of 5,594,789. has a twelve month low of $98.68 and a twelve month high of $161.19. The company has a market capitalization of $92.34 billion, a P/E ratio of 283.42, a price-to-earnings-growth ratio of 4.01 and a beta of 1.38. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80. (NYSE:CRM) last issued its earnings results on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.24. had a net margin of 6.45% and a return on equity of 8.27%. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same period last year, the business posted $0.33 EPS.’s revenue was up 27.3% on a year-over-year basis. As a group, equities analysts forecast that will post 1.22 earnings per share for the current year.

In other news, General Counsel Amy E. Weaver sold 5,325 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $152.00, for a total value of $809,400.00. Following the transaction, the general counsel now directly owns 26,798 shares of the company’s stock, valued at approximately $4,073,296. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Marc Benioff sold 10,000 shares of the stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $153.08, for a total transaction of $1,530,800.00. The disclosure for this sale can be found here. Insiders sold a total of 482,497 shares of company stock valued at $71,415,484 over the last quarter. 6.00% of the stock is currently owned by company insiders.

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Earnings History and Estimates for (NYSE:CRM)

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