Oracle (NYSE:ORCL) Releases Earnings Results, Beats Expectations By $0.06 EPS

Oracle (NYSE:ORCL) announced its quarterly earnings data on Monday. The enterprise software provider reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.06, Fidelity Earnings reports. Oracle had a net margin of 33.96% and a return on equity of 146.83%. The business had revenue of $9.73 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period last year, the business earned $0.82 EPS. The company’s revenue was up 3.8% on a year-over-year basis. Oracle updated its Q2 guidance to $1.09-1.13 EPS.

NYSE ORCL opened at $88.89 on Tuesday. Oracle has a 1-year low of $55.14 and a 1-year high of $91.78. The company has a market capitalization of $248.18 billion, a P/E ratio of 19.45, a PEG ratio of 2.53 and a beta of 0.80. The business has a 50 day moving average price of $88.66 and a 200 day moving average price of $80.24. The company has a debt-to-equity ratio of 12.77, a current ratio of 2.30 and a quick ratio of 2.30.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 26th. Investors of record on Tuesday, October 12th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.44%. Oracle’s payout ratio is currently 30.77%.

Several brokerages recently commented on ORCL. Barclays lifted their price target on shares of Oracle from $83.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 2nd. KeyCorp lifted their price target on shares of Oracle from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, July 22nd. DZ Bank lowered shares of Oracle from a “hold” rating to a “sell” rating and set a $82.00 price objective on the stock. in a research note on Tuesday, August 10th. Jefferies Financial Group set a $95.00 target price on shares of Oracle and gave the stock a “hold” rating in a research note on Monday, September 6th. Finally, raised their price target on Oracle from $69.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, June 16th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $77.64.

In other Oracle news, EVP Dorian Daley sold 125,000 shares of the stock in a transaction on Friday, June 18th. The stock was sold at an average price of $76.38, for a total transaction of $9,547,500.00. Following the sale, the executive vice president now owns 125,000 shares in the company, valued at approximately $9,547,500. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael J. Boskin sold 37,500 shares of the stock in a transaction on Friday, July 2nd. The shares were sold at an average price of $80.04, for a total value of $3,001,500.00. Following the sale, the director now owns 115,662 shares in the company, valued at approximately $9,257,586.48. The disclosure for this sale can be found here. Insiders sold a total of 385,000 shares of company stock valued at $30,231,050 over the last ninety days. 39.10% of the stock is currently owned by company insiders.

A hedge fund recently raised its stake in Oracle stock. Morgan Stanley lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 12.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,477,054 shares of the enterprise software provider’s stock after purchasing an additional 1,342,602 shares during the quarter. Morgan Stanley owned about 0.45% of Oracle worth $971,213,000 as of its most recent SEC filing. Institutional investors and hedge funds own 44.47% of the company’s stock.

About Oracle

Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.

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Earnings History for Oracle (NYSE:ORCL)

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