Oracle (NYSE:ORCL) Announces Earnings Results, Beats Estimates By $0.17 EPS

Oracle (NYSE:ORCLGet Rating) announced its earnings results on Monday. The enterprise software provider reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.17, RTT News reports. The company had revenue of $11.84 billion for the quarter, compared to analysts’ expectations of $11.65 billion. Oracle had a negative return on equity of 383.80% and a net margin of 18.08%. Oracle’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $1.40 EPS. Oracle updated its Q1 guidance to $1.09-1.13 EPS.

Shares of NYSE:ORCL traded up $0.15 during trading hours on Wednesday, hitting $70.87. 17,318 shares of the company’s stock traded hands, compared to its average volume of 8,695,635. Oracle has a 1 year low of $63.76 and a 1 year high of $106.34. The business has a fifty day moving average price of $73.70 and a 200-day moving average price of $80.48. The firm has a market capitalization of $189.09 billion, a P/E ratio of 27.10, a price-to-earnings-growth ratio of 1.89 and a beta of 0.87.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 26th. Shareholders of record on Tuesday, July 12th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, July 11th. This represents a $1.28 annualized dividend and a dividend yield of 1.81%. Oracle’s dividend payout ratio (DPR) is presently 49.04%.

ORCL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Oracle to $82.00 in a report on Friday, June 10th. Morgan Stanley raised their price target on Oracle from $87.00 to $88.00 and gave the company an “equal weight” rating in a report on Monday, June 6th. Cowen decreased their price target on Oracle from $107.00 to $98.00 in a report on Thursday, June 9th. Monness Crespi & Hardt decreased their price target on Oracle from $126.00 to $113.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Stifel Nicolaus reduced their target price on Oracle from $83.00 to $72.00 in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $90.50.

In other Oracle news, Director Renee Jo James sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $84.11, for a total transaction of $504,660.00. Following the completion of the transaction, the director now owns 41,886 shares in the company, valued at $3,523,031.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 43.40% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Keudell Morrison Wealth Management boosted its holdings in shares of Oracle by 1.4% in the third quarter. Keudell Morrison Wealth Management now owns 10,860 shares of the enterprise software provider’s stock valued at $946,000 after purchasing an additional 152 shares during the period. Centaurus Financial Inc. boosted its holdings in shares of Oracle by 1.2% in the first quarter. Centaurus Financial Inc. now owns 13,728 shares of the enterprise software provider’s stock valued at $1,136,000 after purchasing an additional 167 shares during the period. GM Advisory Group Inc. boosted its holdings in shares of Oracle by 1.9% in the first quarter. GM Advisory Group Inc. now owns 10,500 shares of the enterprise software provider’s stock valued at $869,000 after purchasing an additional 200 shares during the period. Paradigm Financial Partners LLC raised its stake in Oracle by 7.0% in the fourth quarter. Paradigm Financial Partners LLC now owns 3,153 shares of the enterprise software provider’s stock worth $275,000 after buying an additional 205 shares in the last quarter. Finally, Visionary Wealth Advisors raised its stake in Oracle by 6.0% in the fourth quarter. Visionary Wealth Advisors now owns 3,910 shares of the enterprise software provider’s stock worth $341,000 after buying an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 42.33% of the company’s stock.

Oracle Company Profile (Get Rating)

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Fusion cloud advertising and customer experience, and NetSuite applications suite.

See Also

Earnings History for Oracle (NYSE:ORCL)

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