Oracle Corporation (ORCL) Expected to Post Earnings of $0.55 Per Share

Wall Street brokerages predict that Oracle Corporation (NYSE:ORCL) will post $0.55 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Oracle Corporation’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.57. Oracle Corporation reported earnings of $0.49 per share in the same quarter last year, which would indicate a positive year over year growth rate of 12.2%. The company is expected to announce its next earnings results on Thursday, September 21st.

According to Zacks, analysts expect that Oracle Corporation will report full year earnings of $2.71 per share for the current financial year, with EPS estimates ranging from $2.53 to $2.87. For the next year, analysts expect that the company will report earnings of $2.95 per share, with EPS estimates ranging from $2.74 to $3.19. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Oracle Corporation.

Oracle Corporation (NYSE:ORCL) last released its quarterly earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.11. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The company had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.45 billion. During the same period in the previous year, the business earned $0.81 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis.

Several analysts have issued reports on the stock. UBS AG reiterated a “buy” rating and issued a $52.00 target price (up from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. BMO Capital Markets increased 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. Wedbush upgraded shares of Oracle Corporation from a “neutral” rating to an “outperform” rating and lowered their target price for the stock from $56.00 to $44.00 in a research note on Thursday, June 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $52.00 target price on shares of Oracle Corporation in a research note on Friday, May 19th. Finally, Royal Bank Of Canada increased their target price on shares of Oracle Corporation from $47.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirty-one have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $50.52.

Shares of Oracle Corporation (ORCL) opened at 50.56 on Monday. The stock has a 50 day moving average of $46.11 and a 200-day moving average of $43.14. The firm has a market capitalization of $209.15 billion, a P/E ratio of 22.88 and a beta of 1.06. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $51.85.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th will be issued a $0.19 dividend. The ex-dividend date is Monday, July 17th. This represents a $0.76 annualized dividend and a yield of 1.50%. Oracle Corporation’s dividend payout ratio (DPR) is presently 34.55%.

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In other news, CEO Safra Catz sold 103,520 shares of Oracle Corporation stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $45.01, for a total value of $4,659,435.20. Following the completion of the sale, the chief executive officer now directly owns 565,380 shares in the company, valued at $25,447,753.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corporation stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $44.57, for a total transaction of $167,137.50. Following the completion of the sale, the director now owns 18,125 shares of the company’s stock, valued at $807,831.25. The disclosure for this sale can be found here. Insiders sold 1,561,351 shares of company stock valued at $75,910,784 over the last ninety days. Corporate insiders own 29.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Hudock Capital Group LLC raised its stake in shares of Oracle Corporation by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,997 shares of the enterprise software provider’s stock worth $178,000 after buying an additional 10 shares in the last quarter. Zions Bancorporation raised its stake in shares of Oracle Corporation by 0.9% in the fourth quarter. Zions Bancorporation now owns 3,934 shares of the enterprise software provider’s stock worth $152,000 after buying an additional 36 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its stake in shares of Oracle Corporation by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 5,771 shares of the enterprise software provider’s stock worth $257,000 after buying an additional 38 shares in the last quarter. Delta Asset Management LLC TN raised its stake in shares of Oracle Corporation by 0.6% in the first quarter. Delta Asset Management LLC TN now owns 7,516 shares of the enterprise software provider’s stock worth $335,000 after buying an additional 42 shares in the last quarter. Finally, Pointe Capital Management LLC raised its stake in shares of Oracle Corporation by 0.4% in the first quarter. Pointe Capital Management LLC now owns 11,739 shares of the enterprise software provider’s stock worth $524,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 58.54% of the company’s stock.

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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