Oracle (NYSE:ORCL) Announces Earnings Results

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Oracle (NYSE:ORCL) released its earnings results on Wednesday. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.18, RTT News reports. Oracle had a return on equity of 34.03% and a net margin of 27.14%. The firm had revenue of $11.14 billion for the quarter, compared to analysts’ expectations of $10.93 billion. During the same quarter in the previous year, the business posted $0.99 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. Oracle updated its Q1 guidance to $0.80-0.82 EPS.

Shares of ORCL stock traded down $0.22 during mid-day trading on Wednesday, reaching $52.68. 31,816,770 shares of the stock traded hands, compared to its average volume of 13,564,858. Oracle has a 1-year low of $42.40 and a 1-year high of $55.53. The firm has a market capitalization of $181.58 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.60 and a beta of 1.09. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 2.13.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.82%. Oracle’s payout ratio is 34.04%.

In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $54.52, for a total value of $204,450.00. Following the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at $1,524,869.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Dorian Daley sold 125,000 shares of Oracle stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $52.84, for a total value of $6,605,000.00. The disclosure for this sale can be found here. Insiders have sold 870,000 shares of company stock worth $47,482,075 over the last three months. Insiders own 32.00% of the company’s stock.

ORCL has been the topic of a number of recent analyst reports. BMO Capital Markets cut Oracle from an “outperform” rating to a “market perform” rating and set a $53.00 target price on the stock. in a research report on Friday, March 15th. Macquarie cut Oracle from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $56.00 to $55.00 in a research report on Tuesday. They noted that the move was a valuation call. Zacks Investment Research cut Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. Exane BNP Paribas initiated coverage on Oracle in a research report on Friday, March 29th. They issued a “neutral” rating and a $50.00 target price on the stock. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $60.00 target price on shares of Oracle in a research report on Monday, March 18th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $53.18.

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Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Earnings History for Oracle (NYSE:ORCL)

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