Oracle Corp. (ORCL) to Release Earnings on Wednesday
Oracle Corp. (NASDAQ:ORCL) will release its Q1 2014 earnings data after the market closes on Wednesday, September 18th. Oracle Corp. has set its Q1 guidance at $0.56-0.59 EPS.
Oracle Corp. (NASDAQ:ORCL) last announced its earnings results on Thursday, June 20th. The company reported $0.87 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.88 by $0.01. The company had revenue of $10.96 billion for the quarter, compared to the consensus estimate of $11.12 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts expect Oracle Corp. to post $2.89 EPS for the current fiscal year and $3.16 EPS for the next fiscal year.
Shares of Oracle Corp. (NASDAQ:ORCL) opened at 32.97 on Tuesday. Oracle Corp. has a 52 week low of $29.52 and a 52 week high of $36.43. The stock has a 50-day moving average of $32.51 and a 200-day moving average of $33.0. The company has a market cap of $152.7 billion and a price-to-earnings ratio of 14.36. Oracle Corp. also saw some unusual options trading activity on Monday. Stock traders purchased 15,755 call options on the company. This represents an increase of 103% compared to the typical daily volume of 7,774 call options.
A number of research firms have recently commented on ORCL. Analysts at Zacks reiterated a “neutral” rating on shares of Oracle Corp. (NASDAQ:ORCL) in a research note to investors on Friday. They now have a $34.00 price target on the stock. On the ratings front, analysts at TheStreet reiterated a “buy” rating on shares of Oracle Corp. (NASDAQ:ORCL) in a research note to investors on Friday, September 6th. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Oracle Corp. (NASDAQ:ORCL) in a research note to investors on Monday, August 26th.
Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Oracle Corp. has a consensus rating of “Buy” and an average price target of $36.48.
In other Oracle Corp. news, President Mark Hurd sold 500,000 shares of the company’s stock on the open market in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $32.23, for a total transaction of $16,115,000.00. Following the transaction, the president now directly owns 1,000 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Oracle Corporation is a provider of enterprise software and computer hardware products and services. The Company’s software, hardware systems, and services businesses develops, manufactures, markets, hosts and supports database and middleware software, applications software, and hardware systems, with the latter consisting primarily of computer server and storage products.
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