Zacks: Brokerages Anticipate Oracle Co. (NYSE:ORCL) to Post $0.88 Earnings Per Share

Analysts expect that Oracle Co. (NYSE:ORCL) will report $0.88 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for Oracle’s earnings, with the lowest EPS estimate coming in at $0.87 and the highest estimate coming in at $0.89. Oracle reported earnings of $0.80 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 10%. The firm is expected to announce its next quarterly earnings results on Monday, December 16th.

According to Zacks, analysts expect that Oracle will report full year earnings of $3.88 per share for the current fiscal year, with EPS estimates ranging from $3.72 to $3.98. For the next financial year, analysts forecast that the business will report earnings of $4.28 per share, with EPS estimates ranging from $4.09 to $4.58. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Oracle.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. Oracle had a net margin of 27.71% and a return on equity of 48.85%. The company had revenue of $9.22 billion during the quarter, compared to the consensus estimate of $9.29 billion. During the same period in the previous year, the firm posted $0.71 EPS. The firm’s revenue was up .2% compared to the same quarter last year.

A number of analysts have recently issued reports on ORCL shares. ValuEngine raised shares of Oracle from a “sell” rating to a “hold” rating in a report on Friday. Goldman Sachs Group set a $62.00 price objective on shares of Oracle and gave the stock a “buy” rating in a report on Friday, September 20th. Royal Bank of Canada set a $57.00 price objective on shares of Oracle and gave the stock a “neutral” rating in a report on Thursday, September 12th. Wedbush reaffirmed a “neutral” rating and set a $55.00 price objective on shares of Oracle in a report on Friday, September 13th. Finally, BMO Capital Markets lifted their price objective on shares of Oracle from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Friday, September 27th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $56.76.

In other news, Director Renee Jo James sold 3,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $53.56, for a total transaction of $160,680.00. Following the completion of the transaction, the director now directly owns 32,886 shares of the company’s stock, valued at $1,761,374.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark V. Hurd sold 787,500 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $51.80, for a total transaction of $40,792,500.00. Following the transaction, the chief executive officer now directly owns 1,038,755 shares of the company’s stock, valued at $53,807,509. The disclosure for this sale can be found here. Insiders sold 863,979 shares of company stock valued at $45,015,549 over the last three months. 36.60% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of ORCL. Evolution Wealth Advisors LLC raised its stake in shares of Oracle by 346.0% during the second quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock valued at $25,000 after acquiring an additional 346 shares during the last quarter. 1 North Wealth Services LLC bought a new position in shares of Oracle during the third quarter valued at about $28,000. Winthrop Partners WNY LLC bought a new position in shares of Oracle during the third quarter valued at about $30,000. C J Advisory Inc purchased a new position in shares of Oracle during the third quarter valued at about $31,000. Finally, Next Capital Management LLC purchased a new position in shares of Oracle during the second quarter valued at about $36,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE ORCL traded up $0.08 during mid-day trading on Thursday, reaching $56.27. 6,472,653 shares of the company were exchanged, compared to its average volume of 13,263,478. Oracle has a 52 week low of $42.40 and a 52 week high of $60.50. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 2.67. The stock has a market capitalization of $185.20 billion, a PE ratio of 17.81, a PEG ratio of 1.68 and a beta of 1.16. The company’s 50 day moving average price is $55.32 and its 200 day moving average price is $54.88.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.71%. The ex-dividend date was Wednesday, October 9th. Oracle’s dividend payout ratio is presently 30.38%.

Oracle announced that its board has authorized a stock repurchase program on Wednesday, September 11th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the enterprise software provider to repurchase up to 8.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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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