Oracle (NYSE:ORCL) Issues Earnings Results, Beats Estimates By $0.06 EPS

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

ORCL opened at $88.89 on Tuesday. The company has a market capitalization of $248.18 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 2.53 and a beta of 0.80. The company has a debt-to-equity ratio of 12.77, a current ratio of 2.30 and a quick ratio of 2.30. Oracle has a 1-year low of $55.14 and a 1-year high of $91.78. The business has a 50 day moving average price of $88.66 and a two-hundred day moving average price of $80.24.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 26th. Investors of record on Tuesday, October 12th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.44%. Oracle’s dividend payout ratio (DPR) is 30.77%.

In other news, EVP Dorian Daley sold 125,000 shares of the stock in a transaction on Friday, June 18th. The stock was sold at an average price of $76.38, for a total transaction of $9,547,500.00. Following the completion of the sale, the executive vice president now owns 125,000 shares in the company, valued at approximately $9,547,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 35,000 shares of the stock in a transaction on Tuesday, August 3rd. The shares were sold at an average price of $87.88, for a total value of $3,075,800.00. Following the sale, the director now owns 71,724 shares of the company’s stock, valued at approximately $6,303,105.12. The disclosure for this sale can be found here. Insiders sold 385,000 shares of company stock valued at $30,231,050 over the last 90 days. 39.10% of the stock is currently owned by insiders.

A hedge fund recently bought a new stake in Oracle stock. OLD Mission Capital LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,772 shares of the enterprise software provider’s stock, valued at approximately $225,000. Institutional investors and hedge funds own 44.47% of the company’s stock.

ORCL has been the topic of a number of research analyst reports. Piper Sandler lifted their target price on Oracle from $57.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, June 16th. The Goldman Sachs Group lifted their target price on Oracle from $60.00 to $66.00 and gave the company a “sell” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on Oracle from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 16th. Barclays boosted their price objective on Oracle from $83.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 2nd. Finally, DZ Bank cut Oracle from a “hold” rating to a “sell” rating and set a $82.00 price objective on the stock. in a research note on Tuesday, August 10th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Oracle presently has an average rating of “Hold” and a consensus price target of $78.73.

About Oracle

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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