Oracle (ORCL) Updates Q4 Earnings Guidance

Oracle (NYSE:ORCL) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $1.05-1.09 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.05. The company issued revenue guidance of $11.03-11.26 billion, compared to the consensus revenue estimate of $11.17 billion.

A number of equities research analysts have recently issued reports on the stock. Nomura reissued a reduce rating and issued a $42.00 target price (down previously from $53.00) on shares of Oracle in a research report on Monday. Zacks Investment Research cut shares of Oracle from a hold rating to a sell rating in a research report on Tuesday, December 11th. Royal Bank of Canada boosted their target price on shares of Oracle to $55.00 in a research report on Tuesday, December 18th. Standpoint Research cut shares of Oracle from a buy rating to a hold rating in a research report on Tuesday, February 19th. Finally, Sanford C. Bernstein reissued a buy rating and issued a $57.00 target price on shares of Oracle in a research report on Tuesday, December 18th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have assigned a buy rating to the company. Oracle currently has a consensus rating of Hold and a consensus price target of $52.12.

Oracle stock opened at $53.05 on Friday. The company has a market cap of $218.57 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08. Oracle has a 52-week low of $42.40 and a 52-week high of $53.47. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 1.66.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.59 billion. Oracle had a return on equity of 29.93% and a net margin of 10.01%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 EPS. As a group, sell-side analysts forecast that Oracle will post 3.07 EPS for the current year.

In other news, EVP Dorian Daley sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $45.00, for a total transaction of $1,125,000.00. Following the transaction, the executive vice president now directly owns 102,919 shares of the company’s stock, valued at $4,631,355. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $51.51, for a total value of $193,162.50. Following the transaction, the director now directly owns 27,969 shares in the company, valued at $1,440,683.19. The disclosure for this sale can be found here. Insiders have sold a total of 42,552 shares of company stock worth $1,945,486 over the last 90 days. Company insiders own 32.00% of the company’s stock.

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Oracle Company Profile

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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