Oracle (NYSE:ORCL) Announces Quarterly Earnings Results

Oracle (NYSE:ORCL) posted its quarterly earnings results on Monday. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01), Briefing.com reports. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the company posted $1.34 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Oracle updated its Q3 guidance to $1.50-1.54 EPS.

Oracle Stock Performance

Shares of ORCL stock traded down $1.15 during trading hours on Monday, reaching $190.54. 19,841,301 shares of the company’s stock were exchanged, compared to its average volume of 8,302,484. The company’s 50 day moving average is $179.76 and its two-hundred day moving average is $154.67. The company has a market cap of $528.00 billion, a P/E ratio of 49.11, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle has a 1 year low of $99.26 and a 1 year high of $198.31.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.84%. Oracle’s dividend payout ratio (DPR) is presently 41.24%.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated 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 completion of the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Company insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. increased their target price on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. TD Cowen upped their price target on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research report on Thursday. Finally, Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a report on Monday, September 16th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $171.52.

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.