Oracle (NYSE:ORCL) announced its quarterly earnings data on Monday. The enterprise software provider reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03, Briefing.com reports. Oracle had a net margin of 9.61% and a return on equity of 23.14%. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.26 billion. During the same period in the prior year, the firm posted $0.62 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. Oracle updated its Q2 guidance to $0.78-0.80 EPS.
Oracle stock traded down $0.07 during midday trading on Monday, hitting $49.18. 29,144,600 shares of the company’s stock were exchanged, compared to its average volume of 16,860,859. Oracle has a 12-month low of $42.57 and a 12-month high of $53.48. The company has a debt-to-equity ratio of 1.21, a quick ratio of 3.96 and a current ratio of 3.96. The company has a market capitalization of $204.25 billion, a P/E ratio of 17.69, a PEG ratio of 1.66 and a beta of 1.16.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 30th. Shareholders of record on Tuesday, October 16th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.55%. Oracle’s payout ratio is currently 26.95%.
A number of equities research analysts have commented on ORCL shares. JPMorgan Chase & Co. downgraded shares of Oracle from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $55.00 to $53.00 in a research report on Thursday, June 14th. Barclays increased their price objective on shares of Oracle from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, September 7th. Zacks Investment Research downgraded shares of Oracle from a “hold” rating to a “sell” rating in a research report on Tuesday, August 21st. Societe Generale set a $50.00 target price on shares of Oracle and gave the company a “neutral” rating in a research report on Tuesday, August 14th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $53.00 target price on shares of Oracle in a research report on Tuesday, June 12th. Fifteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $54.86.
In other Oracle news, Director Naomi O. Seligman sold 45,000 shares of the firm’s stock in a transaction on Monday, July 16th. The shares were sold at an average price of $48.09, for a total transaction of $2,164,050.00. Following the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,345,029.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP W Corey West sold 48,000 shares of the firm’s stock in a transaction on Monday, June 25th. The stock was sold at an average price of $43.73, for a total transaction of $2,099,040.00. Following the transaction, the executive vice president now directly owns 907 shares in the company, valued at $39,663.11. The disclosure for this sale can be found here. Insiders have sold a total of 546,750 shares of company stock worth $24,546,728 over the last three months. 29.00% of the stock is currently owned by insiders.
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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