Oracle (ORCL) Posts Earnings Results, Beats Estimates By $0.05 EPS

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%.

In other Oracle news, insider Edward Screven sold 500,000 shares of Oracle stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $46.89, for a total value of $23,445,000.00. Following the completion of the transaction, the insider now directly owns 2,644,595 shares of the company’s stock, valued at approximately $124,005,059.55. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey Berg sold 75,000 shares of Oracle stock in a transaction dated Thursday, April 12th. The shares were sold at an average price of $45.94, for a total value of $3,445,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,557,015 shares of company stock valued at $117,457,740. 29.00% of the stock is currently owned by corporate insiders.

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.

About Oracle

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.

Earnings History for Oracle (NYSE:ORCL)

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