Oracle Corp. (ORCL) Releases Quarterly Earnings, Beats Estimates By $0.03 EPS
Oracle Corp. (NASDAQ:ORCL) issued its quarterly earnings data on Wednesday. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.03, AR Network reports. The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.48 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis.
ORCL has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Oracle Corp. (NASDAQ:ORCL) in a research note to investors on Tuesday. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Oracle Corp. (NASDAQ:ORCL) in a research note to investors on Friday, September 13th. They now have a $34.00 price target on the stock.
Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Oracle Corp. has a consensus rating of “Buy” and an average target price of $36.48.
Shares of Oracle Corp. (NASDAQ:ORCL) traded up 1.83% on Wednesday, hitting $33.87. 37,791,600 shares of the company’s stock traded hands. 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 $32.53 and a 200-day moving average of $32.99. The company has a market cap of $156.8 billion and a P/E ratio of 14.72. Oracle Corp. also saw unusually large options trading activity on Monday. Stock investors bought 15,755 call options on the company. This represents an increase of approximately 103% compared to the average volume of 7,774 call options.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 29th. Investors of record on Tuesday, October 8th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.42%.
In other Oracle Corp. news, Director Hector Garcia-Molina unloaded 2,500 shares of Oracle Corp. stock on the open market in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $32.89, for a total value of $82,225.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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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