Oracle (ORCL) Releases Earnings Results, Beats Estimates By $0.02 EPS

Share on StockTwits

Oracle (NYSE:ORCL) released its quarterly earnings data on Thursday. The enterprise software provider reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.02, Morningstar.com reports. Oracle had a net margin of 10.01% and a return on equity of 29.93%. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same period last year, the firm earned $0.83 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. Oracle updated its Q4 guidance to $1.05-1.09 EPS.

NYSE ORCL opened at $51.56 on Friday. The firm has a market capitalization of $218.57 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 1.75 and a beta of 1.08. Oracle has a 12-month low of $42.40 and a 12-month high of $53.47. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.80 and a quick ratio of 2.80.

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $53.00 price objective on shares of Oracle in a research note on Wednesday. Zacks Investment Research downgraded shares of Oracle from a “hold” rating to a “sell” rating in a research note on Tuesday. BMO Capital Markets downgraded shares of Oracle from an “outperform” rating to a “market perform” rating and set a $53.00 target price for the company. in a research note on Friday. UBS Group raised their target price on shares of Oracle to $54.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Wedbush restated a “neutral” rating and issued a $52.00 target price (up from $49.00) on shares of Oracle in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $52.64.

In other Oracle news, EVP Dorian Daley sold 25,000 shares of the firm’s stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $45.00, for a total value of $1,125,000.00. Following the completion of the transaction, the executive vice president now owns 102,919 shares of the company’s stock, valued at $4,631,355. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $51.51, for a total transaction of $193,162.50. Following the completion of the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,440,683.19. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,552 shares of company stock valued at $1,945,486. Corporate insiders own 32.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp raised its holdings in shares of Oracle by 0.6% during the fourth quarter. Northern Trust Corp now owns 40,340,189 shares of the enterprise software provider’s stock worth $1,821,360,000 after purchasing an additional 238,058 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in Oracle by 1.6% in the third quarter. Loomis Sayles & Co. L P now owns 39,519,223 shares of the enterprise software provider’s stock valued at $2,037,611,000 after buying an additional 625,051 shares in the last quarter. Magellan Asset Management Ltd increased its holdings in Oracle by 0.5% in the fourth quarter. Magellan Asset Management Ltd now owns 30,936,949 shares of the enterprise software provider’s stock valued at $1,396,803,000 after buying an additional 148,974 shares in the last quarter. Franklin Resources Inc. increased its holdings in Oracle by 13.1% in the third quarter. Franklin Resources Inc. now owns 29,336,984 shares of the enterprise software provider’s stock valued at $1,512,636,000 after buying an additional 3,393,152 shares in the last quarter. Finally, Norges Bank purchased a new position in Oracle in the fourth quarter valued at $1,235,719,000. 46.80% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This piece was posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/4223660/oracle-orcl-releases-earnings-results-beats-estimates-by-0-02-eps.html.

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.

Recommended Story: What are defining characteristics of a correction?

Earnings History for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Allakos  Downgraded by Zacks Investment Research to “Hold”
Allakos Downgraded by Zacks Investment Research to “Hold”
ABIOMED  Upgraded to Hold by BidaskClub
ABIOMED Upgraded to Hold by BidaskClub
Consumer Edge Begins Coverage on Lamb Weston
Consumer Edge Begins Coverage on Lamb Weston
Nike  Stock Rating Reaffirmed by Credit Suisse Group
Nike Stock Rating Reaffirmed by Credit Suisse Group
Vermilion Energy  Cut to Hold at Zacks Investment Research
Vermilion Energy Cut to Hold at Zacks Investment Research
Smartsheet  Upgraded at Zacks Investment Research
Smartsheet Upgraded at Zacks Investment Research


© 2006-2019 Ticker Report