Oracle Corporation (ORCL) Expected to Post Earnings of $0.68 Per Share
Brokerages expect Oracle Corporation (NYSE:ORCL) to report $0.68 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Oracle’s earnings. The lowest EPS estimate is $0.67 and the highest is $0.70. Oracle posted earnings of $0.61 per share during the same quarter last year, which indicates a positive year over year growth rate of 11.5%. The firm is scheduled to report its next earnings report on Thursday, December 21st.
On average, analysts expect that Oracle 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 year, analysts anticipate that the company will report earnings of $3.17 per share, with EPS estimates ranging from $3.00 to $3.32. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Oracle.
Oracle (NYSE:ORCL) last released its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 earnings per share.
Several analysts recently commented on the stock. Wedbush restated an “outperform” rating and set a $58.00 price target on shares of Oracle in a research report on Friday, September 15th. UBS AG restated a “buy” rating and set a $57.00 price target (up previously from $52.00) on shares of Oracle in a research report on Friday, September 15th. J P Morgan Chase & Co set a $55.00 price target on shares of Oracle and gave the company a “buy” rating in a research report on Friday, September 15th. Zacks Investment Research lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Jefferies Group LLC raised their price target on shares of Oracle from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, September 15th. Eleven equities research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $54.85.
Shares of Oracle (NYSE ORCL) opened at $49.01 on Monday. The firm has a market cap of $204,542.53, a price-to-earnings ratio of 19.22, a PEG ratio of 1.87 and a beta of 1.07. Oracle has a 52 week low of $37.64 and a 52 week high of $53.14. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86.
In other Oracle news, Director Jeffrey Berg sold 45,000 shares of Oracle stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $48.03, for a total transaction of $2,161,350.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the transaction, the director now directly owns 18,125 shares in the company, valued at $912,593.75. The disclosure for this sale can be found here. Insiders have sold 305,776 shares of company stock worth $14,821,999 over the last ninety days. 29.00% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in ORCL. Keel Point LLC grew its holdings in shares of Oracle by 0.3% in the second quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock valued at $268,000 after purchasing an additional 14 shares in the last quarter. Alpha Windward LLC grew its holdings in shares of Oracle by 0.3% in the second quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock valued at $279,000 after purchasing an additional 19 shares in the last quarter. Joel Isaacson & Co. LLC grew its holdings in shares of Oracle by 0.3% in the second quarter. Joel Isaacson & Co. LLC now owns 8,197 shares of the enterprise software provider’s stock valued at $411,000 after purchasing an additional 24 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of Oracle by 0.4% in the second quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock valued at $404,000 after purchasing an additional 35 shares in the last quarter. Finally, Partnervest Advisory Services LLC grew its holdings in shares of Oracle by 0.6% in the second quarter. Partnervest Advisory Services LLC now owns 6,731 shares of the enterprise software provider’s stock valued at $337,000 after purchasing an additional 39 shares in the last quarter. Institutional investors and hedge funds own 58.09% of the company’s stock.
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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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