Oracle Corporation (NYSE:ORCL) Declares Quarterly Dividend of $0.50

Oracle Corporation (NYSE:ORCL) declared a quarterly dividend on Wednesday, September 9th. Stockholders of record on Friday, October 9th will be paid a dividend of 0.50 per share by the enterprise software provider on Friday, October 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, October 9th.

Oracle has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Oracle has a payout ratio of 24.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Oracle to earn $9.03 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 22.1%.

Oracle Stock Performance

Oracle stock opened at $153.17 on Friday. Oracle has a fifty-two week low of $114.50 and a fifty-two week high of $331.00. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $441.20 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 1.20 and a beta of 1.74. The firm’s fifty day moving average price is $140.88 and its 200-day moving average price is $160.46.

Oracle (NYSE:ORCL) last announced its earnings results on Thursday, September 10th. The enterprise software provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.18. The company had revenue of $19.34 billion during the quarter, compared to analyst estimates of $19.13 billion. Oracle had a net margin of 25.37% and a return on equity of 58.62%. The firm’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.47 earnings per share. Oracle has set its Q2 2027 guidance at 1.850-1.930 EPS and its FY 2027 guidance at 8.100-8.100 EPS. On average, equities research analysts expect that Oracle will post 6.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. KeyCorp reaffirmed an “overweight” rating on shares of Oracle in a research note on Thursday, June 11th. TD Cowen reiterated a “buy” rating on shares of Oracle in a research report on Wednesday. Cantor Fitzgerald reissued an “overweight” rating and set a $284.00 price objective on shares of Oracle in a report on Thursday, June 11th. DA Davidson upped their target price on Oracle from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Finally, Bank of America increased their price target on shares of Oracle from $200.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $257.86.

About Oracle

Oracle Corporation is a global enterprise technology company that develops and provides database software, cloud infrastructure, business applications and related technology services. Its offerings help organizations manage data, run applications, support business operations and build technology environments across on-premises, hybrid and cloud-based settings.

The company’s products include Oracle Database, MySQL, Java, Oracle Cloud Infrastructure and a broad portfolio of cloud applications for enterprise resource planning, financial management, human resources, supply chain management, customer experience and industry-specific operations.