Oracle Corporation Plans Quarterly Dividend of $0.50 (NYSE:ORCL)

Oracle Corporation (NYSE:ORCL) declared a quarterly dividend on Tuesday, March 10th. Shareholders of record on Thursday, April 9th will be paid a dividend of 0.50 per share by the enterprise software provider on Friday, April 24th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, April 9th.

Oracle has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Oracle has a dividend payout ratio of 24.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Oracle to earn $5.61 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 35.7%.

Oracle Price Performance

Shares of ORCL stock traded up $13.28 during mid-day trading on Wednesday, hitting $162.68. 72,976,799 shares of the stock were exchanged, compared to its average volume of 28,170,463. Oracle has a 52-week low of $118.86 and a 52-week high of $345.72. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.28. The company has a market cap of $467.39 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 1.33 and a beta of 1.66. The firm has a fifty day moving average of $167.90 and a 200 day moving average of $219.44.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, March 10th. The enterprise software provider reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.08. The company had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $16.91 billion. Oracle had a return on equity of 70.60% and a net margin of 25.28%.Oracle’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 EPS. Oracle has set its Q4 2026 guidance at 1.960-2.000 EPS. Research analysts anticipate that Oracle will post 5 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wells Fargo & Company initiated coverage on Oracle in a research note on Wednesday, December 3rd. They set an “overweight” rating and a $280.00 target price for the company. Morgan Stanley cut their price target on shares of Oracle from $320.00 to $213.00 and set an “equal weight” rating for the company in a report on Friday, January 23rd. HSBC restated a “buy” rating and set a $382.00 price objective on shares of Oracle in a research report on Wednesday, November 26th. Mizuho set a $400.00 target price on shares of Oracle in a research report on Monday, December 15th. Finally, Monness Crespi & Hardt restated a “neutral” rating on shares of Oracle in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $267.77.

Oracle Company Profile

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.