Oracle (NYSE:ORCL) Issues Q3 Earnings Guidance

Oracle (NYSE:ORCL) issued an update on its third quarter earnings guidance on Monday morning. The company provided EPS guidance of $1.50-1.54 for the period, compared to the consensus EPS estimate of $1.57. The company issued revenue guidance of $14.21-14.48 billion, compared to the consensus revenue estimate of $14.64 billion.

Wall Street Analyst Weigh In

Several research firms have commented on ORCL. Bank of America boosted their target price on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Stifel Nicolaus boosted their price target on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research note on Tuesday. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research note on Monday, September 16th. Oppenheimer restated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Finally, Evercore ISI boosted their price target on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday. Twelve investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.48.

Oracle Price Performance

Shares of Oracle stock opened at $177.74 on Wednesday. The stock has a 50 day moving average of $179.76 and a 200 day moving average of $154.67. Oracle has a 12 month low of $99.26 and a 12 month high of $198.31. The firm has a market cap of $492.53 billion, a PE ratio of 45.81, a PEG ratio of 3.49 and a beta of 1.03. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts expect that Oracle will post 5.06 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $1.60 annualized dividend and a dividend yield of 0.90%. Oracle’s payout ratio is 41.24%.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 42.20% of the company’s stock.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.