Oracle (NYSE:ORCL) Issues Q2 Earnings Guidance

Oracle (NYSE:ORCL) updated its second quarter earnings guidance on Monday. The company provided EPS guidance of $1.45-1.49 for the period, compared to the consensus EPS estimate of $1.48. The company issued revenue guidance of $13.98-14.24 billion, compared to the consensus revenue estimate of $14.05 billion.

Oracle Stock Performance

NYSE ORCL opened at $155.82 on Wednesday. The stock has a market cap of $429.42 billion, a P/E ratio of 42.00, a PEG ratio of 2.56 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. Oracle has a twelve month low of $99.26 and a twelve month high of $160.52. The company’s 50-day simple moving average is $138.90 and its 200 day simple moving average is $129.13.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter last year, the company earned $0.95 EPS. Oracle’s revenue was up 6.9% on a year-over-year basis. As a group, research analysts forecast that Oracle will post 5.02 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ORCL shares. Oppenheimer reaffirmed a market perform rating on shares of Oracle in a report on Tuesday. Mizuho upped their price target on shares of Oracle from $170.00 to $185.00 and gave the stock an outperform rating in a research report on Tuesday. StockNews.com upgraded shares of Oracle from a hold rating to a buy rating in a research report on Tuesday. BMO Capital Markets increased their price target on shares of Oracle from $160.00 to $173.00 and gave the company a market perform rating in a research note on Tuesday. Finally, Argus boosted their price objective on shares of Oracle from $145.00 to $159.00 and gave the stock a buy rating in a research report on Tuesday, June 18th. Twelve investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, Oracle currently has a consensus rating of Moderate Buy and an average price target of $157.52.

Insider Activity at Oracle

In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock worth $266,776,624 in the last quarter. Corporate insiders own 42.80% of the company’s stock.

About Oracle

Oracle Corporation offers 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 Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.