Oracle (NYSE:ORCL) Issues Earnings Results

Oracle (NYSE:ORCL) released its quarterly earnings data on Monday. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01), Briefing.com reports. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter last year, the business earned $1.34 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Oracle updated its Q3 guidance to $1.50-1.54 EPS.

Oracle Stock Down 0.6 %

Shares of ORCL stock traded down $1.15 during trading on Monday, reaching $190.54. The company’s stock had a trading volume of 19,841,301 shares, compared to its average volume of 8,302,484. The company has a market cap of $528.00 billion, a price-to-earnings ratio of 49.11, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03. Oracle has a one year low of $99.26 and a one year high of $198.31. The business has a fifty day moving average price of $179.76 and a 200-day moving average price of $154.67. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.84%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 12.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on ORCL. TD Cowen boosted their price objective on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. UBS Group reiterated a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Piper Sandler upped their target price on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. JMP Securities raised their target price on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a report on Friday, October 18th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a research report on Thursday. Eleven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.52.

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.