Oracle Corporation (ORCL) Expected to Announce Earnings of $0.68 Per Share
Wall Street analysts expect Oracle Corporation (NYSE:ORCL) to announce $0.68 earnings per share for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Oracle Corporation’s earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.67. Oracle Corporation reported earnings per share of $0.61 during the same quarter last year, which would indicate a positive year over year growth rate of 11.5%. The company is expected to issue its next quarterly earnings report on Thursday, December 21st.
According to Zacks, analysts expect that Oracle Corporation will report full year earnings of $2.94 per share for the current fiscal year, with EPS estimates ranging from $2.85 to $3.00. For the next financial year, analysts expect that the company will post earnings of $3.15 per share, with EPS estimates ranging from $2.97 to $3.32. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Oracle Corporation.
Oracle Corporation (NYSE:ORCL) last released its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The business had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 EPS.
ORCL has been the subject of a number of research reports. UBS AG restated a “buy” rating and set a $52.00 target price (up from $48.00) on shares of Oracle Corporation in a research report on Thursday, June 22nd. They noted that the move was a valuation call. Wedbush raised shares of Oracle Corporation from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $56.00 to $44.00 in a report on Thursday, June 22nd. BMO Capital Markets boosted their target price on shares of Oracle Corporation from $48.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. Moffett Nathanson initiated coverage on shares of Oracle Corporation in a research note on Wednesday, September 6th. They set a “buy” rating and a $65.00 target price for the company. Finally, Vetr raised shares of Oracle Corporation from a “strong sell” rating to a “sell” rating and set a $46.58 target price for the company in a research note on Monday, September 18th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $53.33.
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Shares of Oracle Corporation (NYSE ORCL) traded up 0.56% during midday trading on Friday, reaching $48.35. 44,896,559 shares of the company’s stock were exchanged. The firm has a market cap of $201.77 billion, a PE ratio of 21.03 and a beta of 1.05. The stock’s 50-day moving average is $49.85 and its 200 day moving average is $47.11. Oracle Corporation has a one year low of $37.62 and a one year high of $53.14.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is presently 33.19%.
In related news, CEO Mark V. Hurd sold 350,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $49.76, for a total transaction of $17,416,000.00. Following the transaction, the chief executive officer now directly owns 553,891 shares of the company’s stock, valued at approximately $27,561,616.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George H. Conrades sold 56,250 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $48.22, for a total value of $2,712,375.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $482,200. The disclosure for this sale can be found here. In the last three months, insiders sold 1,512,026 shares of company stock worth $75,450,049. 29.00% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC boosted its stake in Oracle Corporation by 947.4% in the 2nd 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 period. Burt Wealth Advisors boosted its stake in Oracle Corporation by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after purchasing an additional 88 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Oracle Corporation by 1,150.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after purchasing an additional 2,300 shares during the period. TrimTabs Asset Management LLC boosted its stake in Oracle Corporation by 88.8% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after purchasing an additional 1,264 shares during the period. Finally, Baystate Wealth Management LLC boosted its stake in Oracle Corporation by 9.2% in the 2nd quarter. Baystate Wealth Management LLC now owns 2,439 shares of the enterprise software provider’s stock valued at $123,000 after purchasing an additional 206 shares during the period. 58.65% of the stock is currently owned by institutional investors and hedge funds.
Oracle Corporation Company Profile
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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