Oracle (NYSE:ORCL) announced its quarterly earnings results on Wednesday. The enterprise software provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09, Briefing.com reports. Oracle had a return on equity of 45.61% and a net margin of 27.71%. The company had revenue of $9.22 billion during the quarter, compared to analyst estimates of $9.29 billion. During the same period in the prior year, the company earned $0.71 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Oracle updated its Q2 guidance to $0.87-0.89 EPS.
NYSE:ORCL opened at $53.75 on Friday. The firm has a market capitalization of $187.77 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 1.64 and a beta of 1.18. Oracle has a 1 year low of $42.40 and a 1 year high of $60.50. The business has a 50 day simple moving average of $54.06 and a 200-day simple moving average of $54.46. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.49 and a quick ratio of 2.49.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Wednesday, October 9th. Oracle’s payout ratio is 30.38%.
In related news, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $56.92, for a total transaction of $5,692,000.00. Following the completion of the sale, the executive vice president now directly owns 177,919 shares of the company’s stock, valued at approximately $10,127,149.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark V. Hurd sold 787,500 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $56.29, for a total value of $44,328,375.00. Following the sale, the chief executive officer now directly owns 874,871 shares of the company’s stock, valued at $49,246,488.59. The disclosure for this sale can be found here. Insiders sold a total of 2,140,000 shares of company stock valued at $117,501,425 over the last ninety days. Corporate insiders own 32.00% of the company’s stock.
Oracle Company Profile
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.
Further Reading: Short Selling Stocks, A Beginner’s Guide
Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.