Oracle (NYSE:ORCL) Issues Q1 Earnings Guidance

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Oracle (NYSE:ORCL) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.80-0.82 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.80. The company issued revenue guidance of ~$9.2-9.4 billion, compared to the consensus revenue estimate of $9.36 billion.

Shares of ORCL traded down $0.22 during trading hours on Wednesday, hitting $52.68. The company had a trading volume of 31,816,770 shares, compared to its average volume of 13,564,858. The company has a market cap of $181.58 billion, a P/E ratio of 18.68, a P/E/G 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. Oracle has a 52-week low of $42.40 and a 52-week high of $55.53.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 19th. The enterprise software provider reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.18. The firm had revenue of $11.14 billion for the quarter, compared to the consensus estimate of $10.93 billion. Oracle had a return on equity of 34.03% and a net margin of 27.14%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 earnings per share. Equities research analysts forecast that Oracle will post 3.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.82%. Oracle’s dividend payout ratio is currently 34.04%.

Several research firms recently issued reports on ORCL. JPMorgan Chase & Co. reissued a neutral rating and issued a $53.00 target price on shares of Oracle in a research note on Tuesday. Macquarie cut Oracle from an outperform rating to a neutral rating and cut their target price for the stock from $56.00 to $55.00 in a research note on Tuesday. They noted that the move was a valuation call. UBS Group reissued a neutral rating and issued a $54.00 target price on shares of Oracle in a research note on Friday, June 14th. Morgan Stanley raised their target price on Oracle from $54.00 to $59.00 and gave the stock an equal weight rating in a research note on Tuesday, May 21st. Finally, Zacks Investment Research raised Oracle from a hold rating to a buy rating and set a $61.00 target price on the stock in a research note on Wednesday, May 15th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company. Oracle currently has an average rating of Hold and a consensus target price of $53.18.

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

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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 and Estimates for Oracle (NYSE:ORCL)

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