$11.20 Billion in Sales Expected for Oracle Co. (ORCL) This Quarter
Wall Street analysts expect Oracle Co. (NYSE:ORCL) to announce sales of $11.20 billion for the current quarter, according to Zacks. Ten analysts have made estimates for Oracle’s earnings. The highest sales estimate is $11.26 billion and the lowest is $11.16 billion. Oracle reported sales of $10.94 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.4%. The business is expected to announce its next quarterly earnings report on Wednesday, June 20th.
On average, analysts expect that Oracle will report full-year sales of $39.82 billion for the current fiscal year, with estimates ranging from $39.76 billion to $39.95 billion. For the next fiscal year, analysts forecast that the company will report sales of $41.20 billion per share, with estimates ranging from $40.48 billion to $41.76 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Oracle.
Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.11. The firm had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 EPS.
In other Oracle news, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $52.00, for a total transaction of $5,200,000.00. Following the sale, the executive vice president now directly owns 37,576 shares in the company, valued at approximately $1,953,952. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey Berg sold 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 12th. The stock was sold at an average price of $45.94, for a total transaction of $3,445,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 356,250 shares of company stock worth $17,254,288 over the last 90 days. Corporate insiders own 29.00% of the company’s stock.
A number of hedge funds have recently made changes to their positions in ORCL. Acrospire Investment Management LLC raised its holdings in shares of Oracle by 947.4% in the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after purchasing an additional 1,800 shares during the last quarter. Tarbox Family Office Inc. raised its holdings in shares of Oracle by 71.1% in the fourth quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock valued at $110,000 after purchasing an additional 965 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of Oracle by 81,200.0% in the third quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $118,000 after purchasing an additional 2,436 shares during the last quarter. Cerebellum GP LLC acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $126,000. Finally, ETF Managers Group LLC acquired a new stake in shares of Oracle in the second quarter valued at approximately $133,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.
ORCL traded down $0.59 during midday trading on Friday, hitting $46.23. The company had a trading volume of 15,675,644 shares, compared to its average volume of 14,465,646. The company has a current ratio of 4.33, a quick ratio of 4.30 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $193,816.17, a PE ratio of 18.57, a PEG ratio of 1.73 and a beta of 1.15. Oracle has a twelve month low of $43.60 and a twelve month high of $53.48.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, April 16th. This represents a $0.76 annualized dividend and a yield of 1.64%. Oracle’s dividend payout ratio (DPR) is currently 30.52%.
Oracle announced that its Board of Directors has approved a stock repurchase program on Friday, February 2nd that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the enterprise software provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.
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Oracle Company Profile
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It 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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