Oracle (ORCL) Issues Q4 Earnings Guidance

Oracle (NYSE:ORCL) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $1.05-1.09 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.05. The company issued revenue guidance of $11.03-11.26 billion, compared to the consensus revenue estimate of $11.17 billion.

NYSE ORCL traded down $0.01 on Thursday, hitting $53.05. 22,494,419 shares of the stock were exchanged, compared to its average volume of 15,100,997. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 1.66. Oracle has a fifty-two week low of $42.40 and a fifty-two week high of $53.47. The stock has a market capitalization of $218.57 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 17th. The enterprise software provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.70 by $0.10. Oracle had a net margin of 10.01% and a return on equity of 29.93%. The company had revenue of $9.57 billion during the quarter, compared to analysts’ expectations of $9.52 billion. During the same quarter in the previous year, the business posted $0.70 EPS. The firm’s revenue was down .3% on a year-over-year basis. On average, equities research analysts expect that Oracle will post 3.07 earnings per share for the current fiscal year.

ORCL has been the subject of several analyst reports. Zacks Investment Research cut shares of Oracle from a hold rating to a sell rating in a report on Thursday, November 22nd. Nomura set a $53.00 price target on shares of Oracle and gave the stock a buy rating in a report on Wednesday, December 12th. Goldman Sachs Group reiterated a buy rating and set a $55.00 price target on shares of Oracle in a report on Monday, December 17th. JPMorgan Chase & Co. restated a neutral rating and set a $53.00 price objective on shares of Oracle in a research report on Tuesday, December 18th. Finally, UBS Group restated a neutral rating and set a $51.00 price objective on shares of Oracle in a research report on Tuesday, December 18th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of Hold and an average price target of $52.12.

In related news, EVP Dorian Daley sold 6,302 shares of the company’s stock in a transaction on Monday, December 24th. The shares were sold at an average price of $43.24, for a total value of $272,498.48. Following the completion of the sale, the executive vice president now owns 77,919 shares in the company, valued at approximately $3,369,217.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $46.42, for a total transaction of $174,075.00. Following the completion of the sale, the director now owns 27,969 shares of the company’s stock, valued at approximately $1,298,320.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,552 shares of company stock valued at $1,945,486. 32.00% of the stock is owned by insiders.

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Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Earnings History and Estimates for Oracle (NYSE:ORCL)

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