Oracle (NYSE:ORCL) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, December 13th. Analysts expect the company to announce earnings of $0.68 per share for the quarter. Oracle has set its Q2 guidance at $0.64-0.68 EPS.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. Oracle had a return on equity of 20.55% and a net margin of 25.34%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 EPS. On average, analysts expect Oracle to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Oracle (NYSE ORCL) opened at $47.99 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63. The stock has a market capitalization of $207,046.64, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05. Oracle has a twelve month low of $38.30 and a twelve month high of $53.14.

In related news, EVP Dorian Daley sold 25,776 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $48.05, for a total value of $1,238,536.80. Following the completion of the sale, the executive vice president now owns 30,977 shares of the company’s stock, valued at approximately $1,488,444.85. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $50.35, for a total value of $188,812.50. Following the completion of the sale, the director now directly owns 18,125 shares of the company’s stock, valued at approximately $912,593.75. The disclosure for this sale can be found here. In the last three months, insiders sold 305,776 shares of company stock valued at $14,821,999. 29.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC lifted its holdings in Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after purchasing an additional 1,800 shares during the last quarter. ETF Managers Group LLC acquired a new stake in Oracle in the 2nd quarter worth approximately $133,000. IHT Wealth Management LLC lifted its holdings in Oracle by 65.9% in the 2nd quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after purchasing an additional 947 shares during the last quarter. Stonebridge Capital Advisors LLC acquired a new stake in Oracle in the 2nd quarter worth approximately $200,000. Finally, Hancock Holding Co. acquired a new stake in Oracle in the 2nd quarter worth approximately $201,000. 57.70% of the stock is owned by institutional investors and hedge funds.

ORCL has been the topic of several recent analyst reports. Rosenblatt Securities restated a “buy” rating and set a $58.00 price objective on shares of Oracle in a report on Monday, September 11th. Moffett Nathanson initiated coverage on Oracle in a report on Wednesday, September 6th. They set a “buy” rating and a $65.00 price objective on the stock. ValuEngine upgraded Oracle from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Royal Bank Of Canada restated a “buy” rating and set a $53.00 price objective on shares of Oracle in a report on Sunday, August 27th. Finally, Zacks Investment Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Friday, August 18th. Eleven equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $54.85.

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Oracle Company Profile

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

Earnings History for Oracle (NYSE:ORCL)

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