Oracle (NYSE:ORCL) Releases Q2 Earnings Guidance

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.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 26th. Investors of record on Tuesday, October 12th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, October 8th. Oracle’s payout ratio is presently 30.77%.

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.

About Oracle

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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