Oracle (NYSE:ORCL) issued an update on its second quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.09-1.13 for the period, compared to the Thomson Reuters consensus estimate of $1.09. The company issued revenue guidance of $10.09-10.29 billion, compared to the consensus revenue estimate of $10.24 billion.
Shares of Oracle stock opened at $86.43 on Wednesday. Oracle has a 12-month low of $55.14 and a 12-month high of $91.78. The stock has a market cap of $241.31 billion, a P/E ratio of 18.90, a P/E/G ratio of 2.53 and a beta of 0.80. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 12.77. The business’s 50 day moving average is $88.73 and its 200-day moving average is $80.39.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Sunday, September 12th. The enterprise software provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The company had revenue of $9.73 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Oracle had a return on equity of 146.83% and a net margin of 33.96%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 EPS. On average, sell-side analysts expect that Oracle will post 4.17 EPS for the current year.
A number of research analysts recently weighed in on the company. Monness Crespi & Hardt boosted their target price on Oracle to $115.00 and gave the stock a buy rating in a report on Tuesday. DZ Bank lowered 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. Needham & Company LLC reissued a hold rating on shares of Oracle in a report on Tuesday. BMO Capital Markets boosted their target price on Oracle from $88.00 to $100.00 and gave the stock a market perform rating in a report on Tuesday. They noted that the move was a valuation call. Finally, Stifel Nicolaus upped their price objective on Oracle from $62.00 to $65.00 and gave the company a hold rating in a report on Wednesday, June 16th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $80.38.
In other Oracle news, Director Michael J. Boskin sold 37,500 shares of the stock in a transaction dated Friday, June 18th. The stock was sold at an average price of $76.66, for a total value of $2,874,750.00. Following the completion of the transaction, the director now directly owns 115,662 shares in the company, valued at $8,866,648.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 35,000 shares of the stock in a transaction dated Tuesday, August 3rd. The shares were sold at an average price of $87.88, for a total value of $3,075,800.00. Following the completion of the transaction, the director now owns 71,724 shares of the company’s stock, valued at $6,303,105.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 385,000 shares of company stock valued at $30,231,050. 39.10% of the stock is owned by corporate insiders.
A hedge fund recently bought a new stake in Oracle stock. OLD Mission Capital LLC bought a new position in shares of Oracle Co. (NYSE:ORCL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,772 shares of the enterprise software provider’s stock, valued at approximately $225,000. Hedge funds and other institutional investors own 44.47% of the company’s stock.
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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