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 $1.45-1.49 for the period, compared to the consensus estimate of $1.48. The company issued revenue guidance of $13.98-14.24 billion, compared to the consensus revenue estimate of $14.05 billion.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Argus raised their target price on Oracle from $145.00 to $159.00 and gave the stock a buy rating in a research note on Tuesday, June 18th. Guggenheim restated a buy rating and set a $175.00 price target on shares of Oracle in a report on Tuesday, June 25th. Stifel Nicolaus raised their target price on Oracle from $120.00 to $135.00 and gave the company a hold rating in a research report on Wednesday, June 12th. DA Davidson reiterated a neutral rating and issued a $105.00 target price on shares of Oracle in a research note on Wednesday, June 12th. Finally, Evercore ISI boosted their price target on shares of Oracle from $145.00 to $160.00 and gave the company an outperform rating in a research report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $146.30.

Oracle Price Performance

ORCL stock traded down $1.90 during trading on Monday, reaching $139.91. 19,984,294 shares of the company were exchanged, compared to its average volume of 8,121,598. The company has a market cap of $385.57 billion, a P/E ratio of 37.94, a PEG ratio of 2.56 and a beta of 1.01. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The stock’s 50 day moving average price is $138.72 and its 200 day moving average price is $128.62. Oracle has a 52-week low of $99.26 and a 52-week high of $146.59.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.07. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the prior year, the company posted $0.95 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, analysts predict that Oracle will post 5.02 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. Oracle’s payout ratio is 43.13%.

Insider Activity

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jeffrey Berg sold 22,500 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the completion of the sale, the director now owns 210,712 shares in the company, valued at $30,157,101.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock worth $266,776,624 over the last 90 days. 42.80% of the stock is currently owned by company 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.