Oracle (NYSE:ORCL) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Oracle (NYSE:ORCL) announced its quarterly earnings results on Tuesday. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02), Briefing.com reports. The company had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. Oracle’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.35 earnings per share. Oracle updated its Q1 guidance to $1.31-1.35 EPS.

Oracle Trading Down 0.6 %

ORCL traded down $0.69 during midday trading on Tuesday, reaching $123.81. 18,038,460 shares of the company’s stock traded hands, compared to its average volume of 8,129,411. The firm has a fifty day moving average of $120.18 and a two-hundred day moving average of $115.64. The stock has a market capitalization of $340.29 billion, a price-to-earnings ratio of 32.67, a P/E/G ratio of 2.60 and a beta of 1.01. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle has a 52 week low of $99.26 and a 52 week high of $132.77.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.29%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Insider Buying and Selling at Oracle

In other Oracle news, Director Michael J. Boskin sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the transaction, the director now owns 87,473 shares in the company, valued at approximately $10,299,071.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Oracle news, Director Michael J. Boskin sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the transaction, the director now owns 87,473 shares in the company, valued at approximately $10,299,071.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. Insiders sold 880,000 shares of company stock valued at $110,488,150 in the last 90 days. Insiders own 42.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ORCL shares. BMO Capital Markets lifted their price target on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. JMP Securities restated a “market perform” rating on shares of Oracle in a research report on Tuesday. Finally, Citigroup reduced their target price on Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research report on Monday. Twelve investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.29.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.