Oracle (NYSE:ORCL) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.05-1.09 for the period, compared to the Thomson Reuters consensus estimate of $1.05. The company issued revenue guidance of $11.03-11.26 billion, compared to the consensus revenue estimate of $11.17 billion.

Shares of NYSE:ORCL traded down $0.01 on Thursday, reaching $53.05. 22,494,419 shares of the company were exchanged, compared to its average volume of 15,100,997. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 1.66. Oracle has a 1-year low of $42.40 and a 1-year high of $53.47. The stock has a market cap of $218.57 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 17th. The enterprise software provider reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.10. Oracle had a net margin of 10.01% and a return on equity of 29.93%. The business had revenue of $9.57 billion for the quarter, compared to analysts’ expectations of $9.52 billion. During the same period in the prior year, the company posted $0.70 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis. Equities analysts anticipate that Oracle will post 3.07 earnings per share for the current year.

A number of equities research analysts recently commented on ORCL shares. Standpoint Research raised shares of Oracle from a hold rating to a buy rating and set a $42.69 price objective on the stock in a research note on Wednesday, December 26th. Barclays cut shares of Oracle from an overweight rating to an equal weight rating and lowered their price objective for the company from $60.00 to $55.00 in a research note on Wednesday, January 9th. Goldman Sachs Group reissued a buy rating and issued a $55.00 price objective on shares of Oracle in a research note on Thursday, February 14th. Nomura set a $53.00 price objective on shares of Oracle and gave the company a buy rating in a research note on Wednesday, December 12th. Finally, Credit Suisse Group reissued a buy rating and issued a $60.00 price objective on shares of Oracle in a research note on Monday, February 18th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $52.12.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $51.51, for a total transaction of $193,162.50. Following the transaction, the director now directly owns 27,969 shares in the company, valued at approximately $1,440,683.19. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Dorian Daley sold 25,000 shares of the stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $45.00, for a total transaction of $1,125,000.00. Following the transaction, the executive vice president now owns 102,919 shares in the company, valued at $4,631,355. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,552 shares of company stock worth $1,945,486. 32.00% of the stock is owned by insiders.

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About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Earnings History and Estimates for Oracle (NYSE:ORCL)

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