Oracle (NYSE:ORCL) Issues Earnings Results, Beats Expectations By $0.02 EPS

Oracle (NYSE:ORCL) announced its quarterly earnings results on Thursday. The enterprise software provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.02, RTT News reports. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.65 billion. Oracle had a return on equity of 48.85% and a net margin of 27.71%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 EPS.

Shares of NYSE ORCL opened at $56.47 on Friday. The company has a market capitalization of $184.84 billion, a P/E ratio of 17.87, a price-to-earnings-growth ratio of 1.67 and a beta of 1.14. 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 2.67, a quick ratio of 2.25 and a current ratio of 2.25. The company’s 50 day moving average price is $55.62 and its 200-day moving average price is $55.05.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.70%. Oracle’s payout ratio is presently 30.38%.

In other news, Director Hector Garcia-Molina sold 4,643 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $56.42, for a total value of $261,958.06. Following the transaction, the director now directly owns 38,562 shares of the company’s stock, valued at approximately $2,175,668.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 50,000 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $55.01, for a total value of $2,750,500.00. Following the sale, the executive vice president now owns 50,000 shares in the company, valued at approximately $2,750,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,479 shares of company stock worth $4,223,049. Insiders own 36.60% of the company’s stock.

Oracle declared that its board has initiated a stock repurchase program on Wednesday, September 11th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the enterprise software provider to reacquire up to 8.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

A number of research analysts recently commented on the company. Barclays decreased their price target on Oracle from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Friday. William Blair reaffirmed a “hold” rating on shares of Oracle in a report on Thursday, September 12th. Monness Crespi & Hardt reiterated a “hold” rating on shares of Oracle in a research report on Tuesday, September 10th. Wedbush reiterated a “neutral” rating and set a $56.00 price target (up previously from $55.00) on shares of Oracle in a research report on Friday. Finally, Argus reissued a “buy” rating on shares of Oracle in a research note on Friday, September 13th. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the stock. Oracle has an average rating of “Hold” and a consensus price target of $56.58.

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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