Oracle Co. (NYSE:ORCL) – Investment analysts at Piper Jaffray Companies dropped their Q1 2019 EPS estimates for Oracle in a research note issued to investors on Sunday, July 1st. Piper Jaffray Companies analyst A. Zukin now expects that the enterprise software provider will post earnings per share of $0.61 for the quarter, down from their previous estimate of $0.62. Piper Jaffray Companies also issued estimates for Oracle’s Q2 2019 earnings at $0.71 EPS.
Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, June 19th. The enterprise software provider reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.05. The company had revenue of $11.26 billion during the quarter, compared to analysts’ expectations of $11.17 billion. Oracle had a net margin of 9.61% and a return on equity of 23.14%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 earnings per share.
A number of other research firms have also recently weighed in on ORCL. Credit Suisse Group reduced their price objective on shares of Oracle from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Tuesday, March 20th. Zacks Investment Research cut shares of Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd. Stifel Nicolaus reduced their price objective on shares of Oracle from $53.00 to $50.00 and set a “hold” rating for the company in a research report on Wednesday, June 20th. OTR Global cut shares of Oracle to a “positive” rating in a research report on Friday, March 9th. Finally, ValuEngine cut shares of Oracle from a “hold” rating to a “sell” rating in a research report on Thursday, June 21st. Fifteen equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $55.87.
Oracle opened at $44.72 on Tuesday, Marketbeat.com reports. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 1.21. The firm has a market cap of $182.39 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 1.45 and a beta of 1.12. Oracle has a fifty-two week low of $42.57 and a fifty-two week high of $53.48.
Hedge funds have recently made changes to their positions in the business. Centaurus Financial Inc. purchased a new position in Oracle during the first quarter worth about $106,000. Rainier Group Investment Advisory LLC purchased a new position in shares of Oracle in the first quarter valued at approximately $106,000. Tarbox Family Office Inc. boosted its stake in shares of Oracle by 71.1% in the fourth quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock valued at $110,000 after purchasing an additional 965 shares during the period. Financial Gravity Wealth Inc. purchased a new position in shares of Oracle in the first quarter valued at approximately $130,000. Finally, Clearwater Capital Advisors LLC purchased a new position in shares of Oracle in the first quarter valued at approximately $134,000. 56.25% of the stock is owned by institutional investors.
In other Oracle news, insider Thomas Kurian sold 979,402 shares of the stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $45.40, for a total transaction of $44,464,850.80. Following the completion of the transaction, the insider now owns 114,871 shares of the company’s stock, valued at $5,215,143.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeffrey Berg sold 75,000 shares of the stock in a transaction dated Thursday, April 12th. The stock was sold at an average price of $45.94, for a total transaction of $3,445,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,880,015 shares of company stock valued at $131,661,030. 29.00% of the stock is owned by company insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Tuesday, July 17th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Monday, July 16th. Oracle’s payout ratio is currently 26.95%.
Oracle Company Profile
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It 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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