Wall Street analysts predict that Oracle Corporation (NYSE:ORCL) will announce earnings of $0.72 per share for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for Oracle’s earnings. The lowest EPS estimate is $0.71 and the highest is $0.74. Oracle posted earnings of $0.69 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.3%. The firm is expected to announce its next earnings results on Wednesday, March 21st.

According to Zacks, analysts expect that Oracle will report full-year earnings of $2.94 per share for the current year, with EPS estimates ranging from $2.90 to $2.98. For the next fiscal year, analysts anticipate that the business will post earnings of $3.17 per share, with EPS estimates ranging from $3.02 to $3.36. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Oracle.

Oracle (NYSE:ORCL) last issued its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. The business had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 EPS.

A number of research analysts have recently weighed in on ORCL shares. Vetr downgraded Oracle from a “buy” rating to a “hold” rating and set a $51.82 price target on the stock. in a report on Wednesday. Morgan Stanley upgraded Oracle from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $46.63 to $47.71 in a report on Wednesday, January 3rd. Drexel Hamilton reiterated a “buy” rating and set a $62.00 price target on shares of Oracle in a report on Tuesday, January 2nd. ValuEngine upgraded Oracle from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have given a buy rating to the stock. Oracle currently has a consensus rating of “Buy” and an average target price of $55.27.

Shares of Oracle (NYSE:ORCL) traded up $0.35 during midday trading on Wednesday, hitting $50.58. The company had a trading volume of 14,011,470 shares, compared to its average volume of 18,230,000. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03. The firm has a market cap of $211,090.00, a PE ratio of 21.71, a price-to-earnings-growth ratio of 1.92 and a beta of 1.05. Oracle has a twelve month low of $39.43 and a twelve month high of $53.14.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a yield of 1.50%. Oracle’s payout ratio is 32.62%.

Oracle announced that its board has initiated a share repurchase plan on Thursday, December 14th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $49.72, for a total value of $186,450.00. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at $901,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas Kurian sold 1,700,000 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $50.29, for a total value of $85,493,000.00. Following the completion of the sale, the insider now directly owns 1,522,983 shares of the company’s stock, valued at approximately $76,590,815.07. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,811,250 shares of company stock valued at $90,803,063. Insiders own 29.00% of the company’s stock.

Several large investors have recently made changes to their positions in ORCL. Wealth Enhancement Advisory Services LLC bought a new position in shares of Oracle in the fourth quarter worth about $2,437,000. Intermede Investment Partners Ltd increased its stake in shares of Oracle by 9.9% in the fourth quarter. Intermede Investment Partners Ltd now owns 1,180,203 shares of the enterprise software provider’s stock worth $55,800,000 after purchasing an additional 106,731 shares during the period. TRUE Private Wealth Advisors bought a new position in shares of Oracle in the fourth quarter worth about $441,000. Personal Capital Advisors Corp increased its stake in shares of Oracle by 7.2% in the fourth quarter. Personal Capital Advisors Corp now owns 116,705 shares of the enterprise software provider’s stock worth $5,518,000 after purchasing an additional 7,889 shares during the period. Finally, Cibc Bank USA increased its stake in shares of Oracle by 3.8% in the fourth quarter. Cibc Bank USA now owns 37,871 shares of the enterprise software provider’s stock worth $1,790,000 after purchasing an additional 1,393 shares during the period. 57.89% of the stock is owned by institutional investors.

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About Oracle

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

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