Oracle (NYSE:ORCL) Issues Earnings Results, Beats Estimates By $0.09 EPS

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, 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%.

ORCL has been the subject of a number of research reports. Cowen initiated coverage on Oracle in a research note on Friday, August 16th. They set a “buy” rating and a $65.00 price target for the company. Royal Bank of Canada set a $57.00 price target on Oracle and gave the company a “neutral” rating in a research note on Thursday. Macquarie lowered Oracle from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $56.00 to $55.00 in a research note on Tuesday, June 18th. They noted that the move was a valuation call. KeyCorp reissued a “hold” rating on shares of Oracle in a research note on Thursday, June 20th. Finally, Argus reissued a “buy” rating on shares of Oracle in a research note on Friday. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have assigned a buy rating to the company. Oracle presently has an average rating of “Hold” and a consensus price target of $55.88.

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.

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Earnings History for Oracle (NYSE:ORCL)

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