Oracle (ORCL) Scheduled to Post Quarterly Earnings on Monday

Oracle (NYSE:ORCL) will post its quarterly earnings results after the market closes on Monday, September 11th. Analysts expect Oracle to post earnings of $1.14 per share for the quarter. Oracle has set its Q1 guidance at $1.12-1.16 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Oracle (NYSE:ORCL) last released its earnings results on Monday, June 12th. The enterprise software provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.09. Oracle had a negative return on equity of 470.73% and a net margin of 17.02%. The firm had revenue of $13.84 billion during the quarter, compared to analysts’ expectations of $13.74 billion. During the same period in the prior year, the company earned $1.31 earnings per share. The company’s quarterly revenue was up 16.9% on a year-over-year basis. On average, analysts expect Oracle to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Oracle Stock Up 1.0 %

NYSE ORCL opened at $126.32 on Friday. The business has a fifty day moving average price of $117.37 and a two-hundred day moving average price of $105.17. The company has a debt-to-equity ratio of 55.54, a current ratio of 0.91 and a quick ratio of 0.91. Oracle has a fifty-two week low of $60.78 and a fifty-two week high of $127.54. The stock has a market capitalization of $342.87 billion, a PE ratio of 41.28, a PEG ratio of 3.45 and a beta of 1.00.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 12th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Tuesday, July 11th. Oracle’s payout ratio is 52.29%.

Insiders Place Their Bets

In other Oracle news, insider Edward Screven sold 220,740 shares of Oracle stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $126.42, for a total transaction of $27,905,950.80. Following the transaction, the insider now owns 2,543,033 shares of the company’s stock, valued at approximately $321,490,231.86. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Edward Screven sold 220,740 shares of Oracle stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $126.42, for a total value of $27,905,950.80. Following the sale, the insider now owns 2,543,033 shares of the company’s stock, valued at approximately $321,490,231.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey Berg sold 4,866 shares of Oracle stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $125.31, for a total transaction of $609,758.46. Following the completion of the sale, the director now directly owns 207,409 shares in the company, valued at approximately $25,990,421.79. The disclosure for this sale can be found here. Insiders have sold a total of 4,175,443 shares of company stock valued at $510,658,596 in the last 90 days. 43.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oracle

A number of hedge funds have recently modified their holdings of ORCL. IMA Wealth Inc. grew its stake in Oracle by 30.5% in the 2nd quarter. IMA Wealth Inc. now owns 428 shares of the enterprise software provider’s stock valued at $51,000 after buying an additional 100 shares in the last quarter. Carolinas Wealth Consulting LLC grew its stake in Oracle by 0.7% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 14,912 shares of the enterprise software provider’s stock valued at $104,000 after buying an additional 102 shares in the last quarter. Waverly Advisors LLC grew its stake in Oracle by 1.7% in the 2nd quarter. Waverly Advisors LLC now owns 6,476 shares of the enterprise software provider’s stock valued at $771,000 after buying an additional 109 shares in the last quarter. Sentinus LLC grew its stake in Oracle by 3.7% in the 1st quarter. Sentinus LLC now owns 3,138 shares of the enterprise software provider’s stock valued at $292,000 after buying an additional 111 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in Oracle by 13.7% in the 2nd quarter. SRS Capital Advisors Inc. now owns 1,044 shares of the enterprise software provider’s stock valued at $124,000 after buying an additional 126 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ORCL shares. Bank of America increased their price target on Oracle from $112.00 to $132.00 in a research note on Tuesday, June 13th. DA Davidson increased their price objective on Oracle from $85.00 to $115.00 in a report on Tuesday, June 13th. Piper Sandler reiterated an “overweight” rating and set a $130.00 price target on shares of Oracle in a report on Thursday, July 27th. Guggenheim increased their price target on Oracle from $120.00 to $150.00 in a report on Tuesday, June 13th. Finally, UBS Group upgraded Oracle from a “neutral” rating to a “buy” rating and increased their price target for the stock from $120.00 to $140.00 in a report on Tuesday, August 29th. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $121.72.

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.