Oracle (NYSE:ORCL) Updates Q2 Earnings Guidance

Oracle (NYSE:ORCL) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.87-0.89 for the period, compared to the Thomson Reuters consensus estimate of $0.91.

NYSE:ORCL traded up $0.82 during trading hours on Wednesday, hitting $56.29. The company’s stock had a trading volume of 14,416,811 shares, compared to its average volume of 13,579,015. Oracle has a 52-week low of $42.40 and a 52-week high of $60.50. The company has a debt-to-equity ratio of 2.31, a quick ratio of 2.49 and a current ratio of 2.49. The business’s 50-day moving average is $54.15 and its two-hundred day moving average is $54.46. The company has a market capitalization of $181.94 billion, a PE ratio of 17.81, a PEG ratio of 1.59 and a beta of 1.18.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $10.93 billion. During the same quarter last year, the firm posted $0.99 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. As a group, analysts predict that Oracle will post 3.49 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.71%. Oracle’s payout ratio is 30.38%.

A number of equities research analysts recently weighed in on the company. KeyCorp restated a hold rating on shares of Oracle in a report on Thursday, June 20th. Morgan Stanley upped their target price on Oracle from $54.00 to $59.00 and gave the company an equal weight rating in a report on Tuesday, May 21st. ValuEngine cut Oracle from a buy rating to a hold rating in a research report on Thursday, August 1st. Barclays increased their price objective on Oracle from $55.00 to $59.00 and gave the company an equal weight rating in a research note on Thursday, June 20th. Finally, Zacks Investment Research raised shares of Oracle from a hold rating to a buy rating and set a $61.00 target price for the company in a research note on Wednesday, May 15th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $55.14.

In other news, Director Naomi O. Seligman sold 90,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $59.52, for a total transaction of $5,356,800.00. Following the completion of the transaction, the director now directly owns 82,310 shares in the company, valued at $4,899,091.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark V. Hurd sold 787,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $51.80, for a total value of $40,792,500.00. Following the transaction, the chief executive officer now owns 1,038,755 shares of the company’s stock, valued at $53,807,509. The disclosure for this sale can be found here. Insiders sold 2,140,000 shares of company stock valued at $117,501,425 over the last quarter. Insiders own 32.00% of the company’s stock.

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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