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

Oracle (NYSE:ORCLGet Rating) issued its quarterly earnings data 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 business had revenue of $11.84 billion for the quarter, compared to analyst estimates of $11.65 billion. Oracle had a net margin of 18.08% and a negative return on equity of 383.80%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $1.40 earnings per share. Oracle updated its Q1 guidance to $1.09-1.13 EPS.

Shares of NYSE:ORCL traded up $0.22 during mid-day trading on Wednesday, reaching $70.94. 117,579 shares of the company’s stock were exchanged, compared to its average volume of 8,695,635. Oracle has a twelve month low of $63.76 and a twelve month high of $106.34. The firm has a market capitalization of $189.28 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 1.89 and a beta of 0.87. The business’s fifty day moving average price is $73.70 and its 200-day moving average price is $80.48.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 26th. Shareholders of record on Tuesday, July 12th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.80%. The ex-dividend date is Monday, July 11th. Oracle’s dividend payout ratio (DPR) is currently 49.04%.

Several research analysts have recently weighed in on the company. Monness Crespi & Hardt reduced their price objective on Oracle from $126.00 to $113.00 and set a “buy” rating for the company in a research report on Tuesday. Cowen lowered their target price on Oracle from $107.00 to $98.00 in a research report on Thursday, June 9th. Stifel Nicolaus decreased their price target on Oracle from $83.00 to $72.00 in a research note on Tuesday. Deutsche Bank Aktiengesellschaft set a $110.00 price target on shares of Oracle in a research note on Wednesday, March 9th. Finally, Jefferies Financial Group raised their target price on shares of Oracle from $75.00 to $80.00 in a research note on Tuesday. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Oracle currently has an average rating of “Hold” and an average target price of $90.50.

In related news, Director Renee Jo James sold 6,000 shares of the stock in a transaction on Monday, April 4th. The stock was sold at an average price of $84.11, for a total value of $504,660.00. Following the completion of the sale, the director now directly owns 41,886 shares in the company, valued at $3,523,031.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 43.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Gabelli Funds LLC lifted its position in shares of Oracle by 109.6% in the 1st quarter. Gabelli Funds LLC now owns 11,946 shares of the enterprise software provider’s stock worth $988,000 after purchasing an additional 6,246 shares during the period. Range Financial Group LLC acquired a new position in Oracle in the first quarter valued at $311,000. Gamco Investors INC. ET AL boosted its position in Oracle by 2.8% during the first quarter. Gamco Investors INC. ET AL now owns 21,484 shares of the enterprise software provider’s stock valued at $1,777,000 after acquiring an additional 584 shares during the last quarter. Walleye Capital LLC grew its holdings in Oracle by 27.2% during the 1st quarter. Walleye Capital LLC now owns 26,092 shares of the enterprise software provider’s stock worth $2,159,000 after acquiring an additional 5,583 shares during the period. Finally, Wealthfront Advisers LLC raised its position in shares of Oracle by 16.0% in the 1st quarter. Wealthfront Advisers LLC now owns 136,573 shares of the enterprise software provider’s stock worth $11,299,000 after acquiring an additional 18,828 shares in the last quarter. 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.

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Earnings History for Oracle (NYSE:ORCL)

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