Oracle (ORCL) Projected to Post Earnings on Monday

Oracle (NYSE:ORCL) is expected to be issuing its quarterly earnings data before the market opens on Monday, March 10th. Analysts expect the company to announce earnings of $1.48 per share and revenue of $14.40 billion for the quarter. Oracle has set its Q3 guidance at $1.50-1.54 EPS.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the firm posted $1.34 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts expect Oracle to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Oracle Stock Up 0.8 %

ORCL opened at $166.09 on Monday. The business’s 50-day simple moving average is $168.93 and its 200-day simple moving average is $168.83. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle has a one year low of $110.36 and a one year high of $198.31. The stock has a market capitalization of $464.55 billion, a P/E ratio of 40.61, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. KeyCorp boosted their price target on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Guggenheim boosted their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Evercore ISI boosted their price target on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. UBS Group boosted their price target on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $182.73.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Oracle Company Profile

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.