Salesforce Inc. (CRM) To Go Ex-Dividend on December 18th

Salesforce Inc. (NYSE:CRM) declared a quarterly dividend on Thursday, December 4th. Stockholders of record on Thursday, December 18th will be given a dividend of 0.416 per share by the CRM provider on Thursday, January 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, December 18th.

Salesforce has a dividend payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Salesforce to earn $8.41 per share next year, which means the company should continue to be able to cover its $1.66 annual dividend with an expected future payout ratio of 19.7%.

Salesforce Trading Down 3.0%

NYSE CRM opened at $254.30 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 0.98. The company’s 50-day simple moving average is $245.67 and its two-hundred day simple moving average is $251.83. Salesforce has a one year low of $221.96 and a one year high of $367.09. The company has a market capitalization of $238.28 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 1.95 and a beta of 1.25.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.39. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The business had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same period last year, the business posted $2.41 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Equities analysts forecast that Salesforce will post 7.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on CRM shares. Stifel Nicolaus lowered their target price on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Truist Financial reduced their price objective on Salesforce from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, December 4th. Arete Research upgraded Salesforce to a “strong-buy” rating in a research report on Thursday, December 11th. DA Davidson raised their price target on shares of Salesforce from $225.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Finally, Northland Capmk downgraded shares of Salesforce from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and an average price target of $326.46.

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.