$1.11 Earnings Per Share Expected for Oracle Co. (NYSE:ORCL) This Quarter

Equities research analysts expect Oracle Co. (NYSE:ORCL) to report earnings of $1.11 per share for the current quarter, Zacks reports. Eight analysts have provided estimates for Oracle’s earnings, with the highest EPS estimate coming in at $1.13 and the lowest estimate coming in at $1.09. Oracle posted earnings per share of $1.06 during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.7%. The company is scheduled to issue its next quarterly earnings report on Thursday, December 9th.

According to Zacks, analysts expect that Oracle will report full year earnings of $4.65 per share for the current financial year, with EPS estimates ranging from $4.51 to $4.84. For the next year, analysts anticipate that the firm will report earnings of $5.08 per share, with EPS estimates ranging from $4.90 to $5.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Oracle.

Oracle (NYSE:ORCL) last posted its earnings results on Sunday, September 12th. The enterprise software provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. The company had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $9.77 billion. Oracle had a return on equity of 217.87% and a net margin of 34.17%. Oracle’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share.

ORCL has been the topic of several recent research reports. Credit Suisse Group started coverage on Oracle in a report on Tuesday, November 16th. They set an “outperform” rating and a $110.00 price target on the stock. JPMorgan Chase & Co. set a $89.00 price target on shares of Oracle in a research note on Tuesday, September 14th. DZ Bank cut shares of Oracle from a “hold” rating to a “sell” rating and set a $82.00 target price on the stock. in a report on Tuesday, August 10th. Societe Generale increased their target price on shares of Oracle from $83.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, September 14th. Finally, Monness Crespi & Hardt raised their price target on shares of Oracle to $115.00 and gave the company a “buy” rating in a report on Tuesday, September 14th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $85.32.

Shares of ORCL opened at $93.58 on Monday. The company has a market capitalization of $256.24 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 2.73 and a beta of 0.81. The business’s 50 day moving average is $93.43 and its 200 day moving average is $87.72. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 12.77. Oracle has a 12-month low of $57.15 and a 12-month high of $98.95.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 26th. Stockholders of record on Tuesday, October 12th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Friday, October 8th. Oracle’s payout ratio is currently 27.18%.

In related news, Director Rona Alison Fairhead acquired 2,277 shares of the firm’s stock in a transaction dated Thursday, October 14th. The stock was acquired at an average cost of $96.02 per share, for a total transaction of $218,637.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Jeffrey Henley sold 135,741 shares of the stock in a transaction that occurred on Friday, September 24th. The shares were sold at an average price of $90.01, for a total transaction of $12,218,047.41. The disclosure for this sale can be found here. In the last ninety days, insiders sold 467,376 shares of company stock valued at $42,171,396. 39.10% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Bellwether Advisors LLC boosted its holdings in Oracle by 115.6% during the third quarter. Bellwether Advisors LLC now owns 291 shares of the enterprise software provider’s stock worth $25,000 after buying an additional 156 shares in the last quarter. NewSquare Capital LLC lifted its position in shares of Oracle by 183.5% in the 3rd quarter. NewSquare Capital LLC now owns 309 shares of the enterprise software provider’s stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Baldrige Asset Management LLC purchased a new stake in shares of Oracle in the 2nd quarter valued at approximately $28,000. Financial Insights Inc. purchased a new stake in shares of Oracle in the 2nd quarter valued at approximately $28,000. Finally, Samalin Investment Counsel LLC purchased a new stake in shares of Oracle in the 2nd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 45.13% of the company’s stock.

Oracle Company Profile

Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.

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Earnings History and Estimates for Oracle (NYSE:ORCL)

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