Equities research analysts forecast that Oracle Co. (NYSE:ORCL – Get Rating) will announce earnings per share (EPS) of $1.36 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Oracle’s earnings, with the lowest EPS estimate coming in at $1.22 and the highest estimate coming in at $1.42. Oracle posted earnings of $1.54 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 11.7%. The firm is expected to issue its next earnings results on Monday, January 1st.
On average, analysts expect that Oracle will report full-year earnings of $4.76 per share for the current year, with EPS estimates ranging from $4.61 to $4.94. For the next financial year, analysts anticipate that the company will post earnings of $5.19 per share, with EPS estimates ranging from $4.89 to $5.52. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Oracle.
Oracle (NYSE:ORCL – Get Rating) last released its earnings results on Thursday, March 10th. The enterprise software provider reported $1.13 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.05). Oracle had a negative return on equity of 383.80% and a net margin of 18.08%. The company had revenue of $10.51 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year.
Several research firms have recently issued reports on ORCL. Exane BNP Paribas raised Oracle from an “underperform” rating to a “neutral” rating in a research report on Tuesday, March 29th. Cowen lowered their price objective on Oracle from $115.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, March 9th. Jefferies Financial Group set a $80.00 price objective on Oracle in a research report on Tuesday, March 15th. Bank of America lowered their price objective on Oracle from $105.00 to $90.00 and set a “neutral” rating for the company in a research report on Friday, March 11th. Finally, Piper Sandler cut Oracle from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $100.00 to $70.00 in a research report on Friday, March 11th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $93.09.
In other news, Director Renee Jo James sold 6,000 shares of the stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $84.11, for a total transaction of $504,660.00. Following the completion of the transaction, the director now directly owns 41,886 shares of the company’s stock, valued at approximately $3,523,031.46. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 39.10% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC increased its stake in Oracle by 0.5% during the third quarter. Checchi Capital Advisers LLC now owns 23,784 shares of the enterprise software provider’s stock valued at $2,072,000 after acquiring an additional 111 shares during the period. Private Ocean LLC increased its stake in Oracle by 2.0% during the third quarter. Private Ocean LLC now owns 6,031 shares of the enterprise software provider’s stock valued at $525,000 after acquiring an additional 117 shares during the period. LifePro Asset Management increased its stake in Oracle by 2.8% during the third quarter. LifePro Asset Management now owns 4,388 shares of the enterprise software provider’s stock valued at $382,000 after acquiring an additional 118 shares during the period. Liberty Wealth Management LLC increased its stake in Oracle by 0.5% during the third quarter. Liberty Wealth Management LLC now owns 22,543 shares of the enterprise software provider’s stock valued at $1,964,000 after acquiring an additional 121 shares during the period. Finally, Forte Capital LLC ADV grew its stake in shares of Oracle by 1.9% in the 4th quarter. Forte Capital LLC ADV now owns 6,526 shares of the enterprise software provider’s stock valued at $569,000 after purchasing an additional 122 shares during the period. Institutional investors and hedge funds own 42.33% of the company’s stock.
ORCL opened at $72.49 on Wednesday. Oracle has a 12 month low of $70.23 and a 12 month high of $106.34. The stock has a market capitalization of $193.41 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 2.29 and a beta of 0.87. The business has a fifty day moving average price of $78.77 and a 200 day moving average price of $85.26.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 21st. Stockholders of record on Friday, April 8th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Thursday, April 7th. Oracle’s dividend payout ratio (DPR) is 49.04%.
Oracle Company Profile (Get Rating)
Oracle Corporation provides 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 Fusion cloud advertising and customer experience, and NetSuite applications suite.
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