Oracle Co. (NYSE:ORCL) Expected to Announce Earnings of $0.88 Per Share

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Wall Street brokerages expect that Oracle Co. (NYSE:ORCL) will announce earnings of $0.88 per share for the current quarter, according to Zacks. Nine analysts have issued estimates for Oracle’s earnings, with the highest EPS estimate coming in at $0.89 and the lowest estimate coming in at $0.87. Oracle reported earnings per share of $0.80 during the same quarter last year, which indicates a positive year-over-year growth rate of 10%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, December 12th.

According to Zacks, analysts expect that Oracle will report full-year earnings of $3.88 per share for the current fiscal year, with EPS estimates ranging from $3.72 to $3.98. For the next financial year, analysts expect that the business will report earnings of $4.28 per share, with EPS estimates ranging from $4.09 to $4.58. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Oracle.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.09. The company had revenue of $9.22 billion for the quarter, compared to the consensus estimate of $9.29 billion. Oracle had a net margin of 27.71% and a return on equity of 48.85%. Oracle’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS.

ORCL has been the topic of several research analyst reports. Monness Crespi & Hardt reissued a “hold” rating on shares of Oracle in a report on Tuesday, September 10th. Sanford C. Bernstein set a $66.00 price target on Oracle and gave the stock a “buy” rating in a research note on Thursday, September 12th. Wedbush reissued a “neutral” rating and set a $55.00 price objective on shares of Oracle in a research note on Friday, September 13th. ValuEngine lowered Oracle from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Finally, UBS Group reissued a “neutral” rating and set a $57.00 price objective on shares of Oracle in a research note on Monday. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $56.76.

In other Oracle news, Director Hector Garcia-Molina sold 4,643 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $53.14, for a total transaction of $246,729.02. Following the completion of the sale, the director now directly owns 38,562 shares of the company’s stock, valued at approximately $2,049,184.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $55.01, for a total value of $2,750,500.00. Following the sale, the executive vice president now directly owns 50,000 shares of the company’s stock, valued at $2,750,500. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 76,479 shares of company stock valued at $4,223,049. Insiders own 36.60% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Willow Creek Wealth Management Inc. raised its position in Oracle by 2.1% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 8,422 shares of the enterprise software provider’s stock worth $463,000 after buying an additional 177 shares during the last quarter. Northern Oak Wealth Management Inc. raised its holdings in shares of Oracle by 14.8% during the 2nd quarter. Northern Oak Wealth Management Inc. now owns 1,378 shares of the enterprise software provider’s stock worth $78,000 after acquiring an additional 178 shares in the last quarter. Monte Financial Group LLC raised its holdings in shares of Oracle by 1.9% during the 3rd quarter. Monte Financial Group LLC now owns 9,862 shares of the enterprise software provider’s stock worth $543,000 after acquiring an additional 182 shares in the last quarter. First Command Financial Services Inc. raised its holdings in shares of Oracle by 2.7% during the 3rd quarter. First Command Financial Services Inc. now owns 7,102 shares of the enterprise software provider’s stock worth $391,000 after acquiring an additional 187 shares in the last quarter. Finally, Slow Capital Inc. raised its holdings in shares of Oracle by 1.1% during the 2nd quarter. Slow Capital Inc. now owns 17,403 shares of the enterprise software provider’s stock worth $991,000 after acquiring an additional 197 shares in the last quarter. 51.09% of the stock is owned by hedge funds and other institutional investors.

ORCL traded up $0.30 during trading on Friday, hitting $55.61. The company’s stock had a trading volume of 4,575,469 shares, compared to its average volume of 8,199,624. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 2.67. Oracle has a twelve month low of $42.40 and a twelve month high of $60.50. The business’s fifty day simple moving average is $55.53 and its 200 day simple moving average is $55.01. The firm has a market capitalization of $179.98 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 1.63 and a beta of 1.14.

Oracle declared that its board has initiated a stock buyback program on Wednesday, September 11th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the enterprise software provider to purchase up to 8.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

About Oracle

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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