Oracle (NYSE:ORCL) announced its quarterly earnings data on Tuesday. The enterprise software provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05, Bloomberg Earnings reports. The company had revenue of $11.26 billion for the quarter, compared to analyst estimates of $11.17 billion. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 EPS.
NYSE ORCL traded down $0.25 during trading on Tuesday, hitting $46.27. The stock had a trading volume of 22,706,563 shares, compared to its average volume of 15,808,817. The company has a market cap of $191.58 billion, a P/E ratio of 18.58, a P/E/G ratio of 1.56 and a beta of 1.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.33 and a quick ratio of 4.30. Oracle has a twelve month low of $44.04 and a twelve month high of $53.48.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 17th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.64%. Oracle’s dividend payout ratio is currently 30.52%.
A number of brokerages have weighed in on ORCL. Barclays raised their price objective on Oracle from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, March 12th. They noted that the move was a valuation call. OTR Global lowered Oracle to a “positive” rating in a report on Friday, March 9th. Morgan Stanley restated a “buy” rating on shares of Oracle in a report on Sunday, March 18th. Cleveland Research restated a “hold” rating on shares of Oracle in a report on Saturday, March 17th. Finally, Wedbush restated an “outperform” rating and issued a $55.00 price objective on shares of Oracle in a report on Tuesday, March 20th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Oracle presently has an average rating of “Buy” and an average price target of $56.12.
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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