Oracle (NYSE:ORCL) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.80-0.82 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.80. The company issued revenue guidance of ~$9.2-9.4 billion, compared to the consensus revenue estimate of $9.36 billion.
Oracle stock opened at $56.99 on Friday. Oracle has a 12 month low of $42.40 and a 12 month high of $57.47. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.65 and a quick ratio of 2.65. The company has a market cap of $180.04 billion, a PE ratio of 18.03, a P/E/G ratio of 1.58 and a beta of 1.09.
Oracle (NYSE:ORCL) last released its quarterly earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.18. Oracle had a return on equity of 38.03% and a net margin of 28.06%. The business had revenue of $11.14 billion during the quarter, compared to analysts’ expectations of $10.93 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oracle will post 3.41 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.68%. Oracle’s dividend payout ratio (DPR) is 30.38%.
Several research firms have weighed in on ORCL. William Blair reissued a market perform rating on shares of Oracle in a report on Thursday. Raymond James upped their target price on Oracle from $57.00 to $61.00 and gave the company an outperform rating in a report on Thursday. Zacks Investment Research raised Oracle from a hold rating to a buy rating and set a $61.00 target price on the stock in a report on Wednesday, May 15th. DZ Bank reissued a sell rating on shares of Oracle in a report on Tuesday, March 19th. Finally, Exane BNP Paribas began coverage on Oracle in a report on Friday, March 29th. They issued a neutral rating and a $50.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $54.58.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $54.52, for a total transaction of $204,450.00. Following the transaction, the director now directly owns 27,969 shares in the company, valued at $1,524,869.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward Screven sold 600,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $54.96, for a total value of $32,976,000.00. Following the transaction, the insider now owns 2,812,345 shares in the company, valued at $154,566,481.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 707,500 shares of company stock worth $38,885,825. Corporate insiders own 32.00% of the company’s stock.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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