Oracle Corporation (ORCL) To Go Ex-Dividend on October 9th

Oracle Corporation (NYSE:ORCL) announced a quarterly dividend on Wednesday, September 9th. Stockholders of record on Friday, October 9th will be given a dividend of 0.50 per share by the enterprise software provider on Friday, October 23rd. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, October 9th.

Oracle has raised 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 payout ratio of 24.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Oracle to earn $9.03 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 22.1%.

Oracle Trading Down 5.2%

Shares of Oracle stock opened at $153.17 on Friday. The firm has a fifty day moving average price of $140.88 and a 200 day moving average price of $160.46. The stock has a market cap of $441.20 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 1.20 and a beta of 1.74. Oracle has a 1 year low of $114.50 and a 1 year high of $331.00. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.12 and a quick ratio of 1.12.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Thursday, September 10th. The enterprise software provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.74 by $0.18. Oracle had a net margin of 25.37% and a return on equity of 58.62%. The company had revenue of $19.34 billion for the quarter, compared to analyst estimates of $19.13 billion. During the same quarter last year, the business earned $1.47 earnings per share. The firm’s revenue was up 29.6% on a year-over-year basis. Oracle has set its Q2 2027 guidance at 1.850-1.930 EPS and its FY 2027 guidance at 8.100-8.100 EPS. Equities research analysts predict that Oracle will post 6.51 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Moffett Nathanson set a $325.00 price target on shares of Oracle in a research report on Thursday, June 11th. Wedbush reduced their price target on Oracle from $275.00 to $240.00 and set an “outperform” rating on the stock in a report on Thursday, June 11th. Jefferies Financial Group reduced their target price on shares of Oracle from $320.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, September 2nd. Piper Sandler raised their price target on shares of Oracle from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $190.00 target price on shares of Oracle in a research report on Friday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $257.51.

Oracle Company Profile

Oracle Corporation is a global enterprise technology company that develops and provides database software, cloud infrastructure, business applications and related technology services. Its offerings help organizations manage data, run applications, support business operations and build technology environments across on-premises, hybrid and cloud-based settings.

The company’s products include Oracle Database, MySQL, Java, Oracle Cloud Infrastructure and a broad portfolio of cloud applications for enterprise resource planning, financial management, human resources, supply chain management, customer experience and industry-specific operations.