Oracle (ORCL) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Oracle (NYSE:ORCL) released its quarterly earnings results on Thursday. The enterprise software provider reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.03, Briefing.com reports. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.59 billion. Oracle had a net margin of 10.01% and a return on equity of 29.93%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.83 EPS. Oracle updated its Q4 guidance to $1.05-1.09 EPS.

NYSE ORCL opened at $53.05 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.80 and a quick ratio of 2.80. Oracle has a 1 year low of $42.40 and a 1 year high of $53.47. The firm has a market capitalization of $218.57 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.75 and a beta of 1.08.

ORCL has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their target price on Oracle to $55.00 in a research report on Tuesday, December 18th. Sanford C. Bernstein reaffirmed a “buy” rating and set a $57.00 price objective on shares of Oracle in a research report on Tuesday, December 18th. Standpoint Research raised Oracle from a “hold” rating to a “buy” rating and set a $42.69 price objective on the stock in a research report on Wednesday, December 26th. Goldman Sachs Group reiterated a “buy” rating and set a $55.00 target price on shares of Oracle in a research note on Monday, December 17th. Finally, Nomura set a $53.00 target price on shares of Oracle and gave the stock a “buy” rating in a research note on Wednesday, December 12th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Oracle has an average rating of “Hold” and an average target price of $52.64.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $46.42, for a total value of $174,075.00. Following the completion of the sale, the director now directly owns 27,969 shares of the company’s stock, valued at $1,298,320.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Dorian Daley sold 6,302 shares of the company’s stock in a transaction dated Monday, December 24th. The shares were sold at an average price of $43.24, for a total transaction of $272,498.48. Following the completion of the sale, the executive vice president now directly owns 77,919 shares of the company’s stock, valued at $3,369,217.56. The disclosure for this sale can be found here. Insiders sold 42,552 shares of company stock valued at $1,945,486 in the last 90 days. 32.00% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in the company. Northern Trust Corp raised its holdings in shares of Oracle by 0.6% in the fourth quarter. Northern Trust Corp now owns 40,340,189 shares of the enterprise software provider’s stock valued at $1,821,360,000 after buying an additional 238,058 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of Oracle by 1.6% in the third quarter. Loomis Sayles & Co. L P now owns 39,519,223 shares of the enterprise software provider’s stock valued at $2,037,611,000 after buying an additional 625,051 shares during the last quarter. Magellan Asset Management Ltd raised its holdings in shares of Oracle by 0.5% in the fourth quarter. Magellan Asset Management Ltd now owns 30,936,949 shares of the enterprise software provider’s stock valued at $1,396,803,000 after buying an additional 148,974 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Oracle by 13.1% in the third quarter. Franklin Resources Inc. now owns 29,336,984 shares of the enterprise software provider’s stock valued at $1,512,636,000 after buying an additional 3,393,152 shares during the last quarter. Finally, Norges Bank purchased a new position in Oracle during the fourth quarter worth about $1,235,719,000. 46.80% of the stock is owned by institutional investors and hedge funds.

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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 for Oracle (NYSE:ORCL)

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