Oracle (NYSE:ORCL) Posts Earnings Results, Beats Estimates By $0.18 EPS

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

NYSE ORCL traded down $0.22 during trading hours 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 company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 2.13. The company 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 also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.82%. Oracle’s payout ratio is 34.04%.

In other news, Director Jeffrey Berg sold 37,500 shares of Oracle stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $53.10, for a total value of $1,991,250.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Edward Screven sold 600,000 shares of Oracle stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $54.96, for a total value of $32,976,000.00. Following the completion of the transaction, the insider now owns 2,812,345 shares in the company, valued at approximately $154,566,481.20. The disclosure for this sale can be found here. Insiders have sold 870,000 shares of company stock worth $47,482,075 in the last 90 days. Company insiders own 32.00% of the company’s stock.

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reissued a “neutral” rating and set a $53.00 price objective on shares of Oracle in a research note on Wednesday, March 13th. Exane BNP Paribas assumed coverage on Oracle in a research note on Friday, March 29th. They set a “neutral” rating and a $50.00 price objective for the company. Zacks Investment Research raised Oracle from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Wednesday, May 15th. UBS Group reissued a “neutral” rating and set a $54.00 price objective on shares of Oracle in a research note on Friday, June 14th. Finally, Macquarie lowered Oracle from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $56.00 to $55.00 in a research note on Tuesday. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $53.18.

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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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Earnings History for Oracle (NYSE:ORCL)

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