Analysts Expect Oracle Co. (ORCL) Will Announce Quarterly Sales of $11.16 Billion

Equities research analysts expect Oracle Co. (NYSE:ORCL) to report sales of $11.16 billion for the current quarter, according to Zacks. Eleven analysts have issued estimates for Oracle’s earnings, with estimates ranging from $10.93 billion to $11.33 billion. Oracle reported sales of $11.26 billion during the same quarter last year, which would suggest a negative year over year growth rate of 0.9%. The company is expected to report its next quarterly earnings report on Tuesday, June 18th.

On average, analysts expect that Oracle will report full year sales of $39.52 billion for the current fiscal year, with estimates ranging from $39.20 billion to $39.74 billion. For the next year, analysts expect that the firm will report sales of $40.52 billion, with estimates ranging from $39.97 billion to $41.31 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Oracle.

Oracle (NYSE:ORCL) last posted its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.59 billion. Oracle had a net margin of 10.01% and a return on equity of 29.93%. Oracle’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 EPS.

A number of research firms have recently issued reports on ORCL. Raymond James raised their target price on shares of Oracle from $54.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday. Royal Bank of Canada raised their target price on shares of Oracle to $57.00 and gave the stock a “sector perform” rating in a research note on Friday. Wedbush restated a “neutral” rating and set a $52.00 target price (up previously from $49.00) on shares of Oracle in a research note on Friday. UBS Group raised their target price on shares of Oracle to $54.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Mitsubishi UFJ Financial Group raised their target price on shares of Oracle from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $52.77.

In other Oracle news, EVP Dorian Daley sold 25,000 shares of the firm’s stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $45.00, for a total value of $1,125,000.00. Following the transaction, the executive vice president now directly owns 102,919 shares of the company’s stock, valued at approximately $4,631,355. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $51.51, for a total transaction of $193,162.50. Following the completion of the transaction, the director now directly owns 27,969 shares in the company, valued at $1,440,683.19. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,552 shares of company stock worth $1,945,486. 32.00% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in ORCL. Csenge Advisory Group purchased a new position in Oracle during the 3rd quarter worth approximately $25,000. Massey Quick Simon & CO. LLC lifted its position in shares of Oracle by 220.9% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock valued at $27,000 after buying an additional 413 shares in the last quarter. Riverview Trust Co purchased a new position in shares of Oracle during the 4th quarter valued at about $35,000. Truehand Inc purchased a new position in shares of Oracle during the 4th quarter valued at about $36,000. Finally, ERTS Wealth Advisors LLC purchased a new position in shares of Oracle during the 4th quarter valued at about $36,000. 46.80% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE ORCL traded down $0.11 during mid-day trading on Friday, reaching $52.94. 43,240,768 shares of the company were exchanged, compared to its average volume of 15,655,714. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.80 and a current ratio of 2.80. The stock has a market cap of $218.57 billion, a PE ratio of 18.77, a P/E/G ratio of 1.75 and a beta of 1.08. Oracle has a twelve month low of $42.40 and a twelve month high of $53.47.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 11th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.81%. This is a positive change from Oracle’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, April 10th. Oracle’s dividend payout ratio (DPR) is currently 26.95%.

About Oracle

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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Earnings History and Estimates for Oracle (NYSE:ORCL)

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