Oracle (NYSE:ORCL) Announces Quarterly Earnings Results

Oracle (NYSE:ORCL) issued its quarterly earnings results on Sunday. The enterprise software provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.97 by $0.06, Fidelity Earnings reports. Oracle had a net margin of 33.96% and a return on equity of 146.83%. The firm had revenue of $9.73 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same period in the previous year, the business earned $0.82 earnings per share. Oracle’s revenue for the quarter was up 3.8% compared to the same quarter last year.

Shares of NYSE ORCL opened at $88.89 on Tuesday. The stock has a market cap of $248.18 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.53 and a beta of 0.80. The company has a debt-to-equity ratio of 12.77, a quick ratio of 2.30 and a current ratio of 2.30. The business has a 50 day simple moving average of $88.66 and a 200 day simple moving average of $80.24. Oracle has a 52 week low of $55.14 and a 52 week high of $91.78.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 26th. Investors of record on Tuesday, October 12th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.44%. Oracle’s payout ratio is 30.77%.

In other news, Director Naomi O. Seligman sold 35,000 shares of the stock in a transaction that occurred on Tuesday, August 3rd. The stock was sold at an average price of $87.88, for a total value of $3,075,800.00. Following the completion of the sale, the director now directly owns 71,724 shares of the company’s stock, valued at $6,303,105.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Boskin sold 37,500 shares of the stock in a transaction that occurred on Friday, June 18th. The shares were sold at an average price of $76.66, for a total value of $2,874,750.00. Following the completion of the sale, the director now directly owns 115,662 shares of the company’s stock, valued at $8,866,648.92. The disclosure for this sale can be found here. Insiders have sold 385,000 shares of company stock valued at $30,231,050 in the last ninety days. Company insiders own 39.10% of the company’s stock.

An institutional investor recently bought a new position in Oracle stock. OLD Mission Capital LLC bought a new stake in Oracle Co. (NYSE:ORCL) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,772 shares of the enterprise software provider’s stock, valued at approximately $225,000. Institutional investors own 44.47% of the company’s stock.

ORCL has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Oracle from $73.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, June 16th. Cowen restated a “buy” rating and set a $93.00 price objective on shares of Oracle in a report on Friday. Stifel Nicolaus boosted their price objective on Oracle from $62.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, June 16th. Jefferies Financial Group set a $95.00 price objective on Oracle and gave the stock a “hold” rating in a report on Monday, September 6th. Finally, KeyCorp boosted their price objective on Oracle from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, July 22nd. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $78.04.

Oracle Company Profile

Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.

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Earnings History for Oracle (NYSE:ORCL)

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