Oracle (ORCL) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Oracle (NYSE:ORCL) issued its quarterly earnings results on Tuesday. The enterprise software provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.94 by $0.05, Bloomberg Earnings reports. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The firm had revenue of $11.26 billion during the quarter, compared to analysts’ expectations of $11.17 billion. During the same period in the prior year, the firm posted $0.89 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year.

Oracle traded down $0.25, reaching $46.27, during midday trading on Tuesday, MarketBeat.com reports. The stock had a trading volume of 22,706,563 shares, compared to its average volume of 15,808,817. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.33 and a quick ratio of 4.30. The firm has a market capitalization of $191.58 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 1.56 and a beta of 1.15. Oracle has a 12 month low of $44.04 and a 12 month high of $53.48.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Tuesday, July 17th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.64%. Oracle’s dividend payout ratio (DPR) is presently 30.52%.

A number of brokerages have recently weighed in on ORCL. UBS Group restated a “neutral” rating and set a $53.00 price objective on shares of Oracle in a research note on Tuesday, June 12th. Bank of America downgraded Oracle from a “buy” rating to a “neutral” rating in a report on Tuesday, March 20th. Morgan Stanley reaffirmed a “buy” rating on shares of Oracle in a report on Sunday, March 18th. Credit Suisse Group reduced their target price on Oracle from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Tuesday, March 20th. Finally, Nomura reduced their target price on Oracle from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, June 14th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Oracle has a consensus rating of “Buy” and a consensus price target of $56.12.

In other news, insider Edward Screven sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $46.89, for a total value of $23,445,000.00. Following the transaction, the insider now owns 2,644,595 shares in the company, valued at approximately $124,005,059.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $46.08, for a total value of $172,800.00. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at approximately $835,200. The disclosure for this sale can be found here. Insiders have sold a total of 2,557,015 shares of company stock valued at $117,457,740 over the last three months. Corporate insiders own 29.00% of the company’s stock.

Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It 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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