Oracle Co. (NYSE:ORCL) announced a quarterly dividend on Wednesday, June 19th, RTT News reports. Stockholders of record on Wednesday, July 17th will be paid a dividend of 0.24 per share by the enterprise software provider on Wednesday, July 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, July 16th.
Oracle has raised its dividend payment by an average of 10.1% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Oracle has a dividend payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Oracle to earn $3.82 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 25.1%.
Shares of Oracle stock opened at $59.81 on Monday. The business has a fifty day moving average price of $55.07. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.49 and a quick ratio of 2.49. Oracle has a 1-year low of $42.40 and a 1-year high of $60.50. The firm has a market capitalization of $199.52 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.74 and a beta of 1.15.
Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.18. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The business had revenue of $11.14 billion during the quarter, compared to analysts’ expectations of $10.93 billion. During the same period in the previous year, the company earned $0.99 earnings per share. Oracle’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities research analysts anticipate that Oracle will post 3.5 EPS for the current year.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the business’s 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 sale, 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 SEC, which is accessible through the SEC website. Also, insider Edward Screven sold 600,000 shares of the business’s 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 sale, 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 three months, insiders have sold 1,966,250 shares of company stock valued at $110,033,575. Insiders own 32.00% of the company’s stock.
Several analysts have commented on the stock. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Macquarie cut shares of Oracle from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $56.00 to $55.00 in a research note on Tuesday, June 18th. They noted that the move was a valuation call. Goldman Sachs Group set a €6.20 ($7.21) price target on shares of Kloeckner & Co SE and gave the stock a “buy” rating in a research note on Thursday, June 20th. Wells Fargo & Co reaffirmed an “outperform” rating on shares of Applied Materials in a research note on Thursday, June 20th. Finally, Morgan Stanley decreased their price target on shares of Tesla from $97.00 to $10.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 21st. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and ten have given a buy rating to the company’s stock. Oracle presently has an average rating of “Hold” and an average target price of $54.58.
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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