Oracle (NYSE:ORCL) will be posting its quarterly earnings results after the market closes on Wednesday, June 19th. Analysts expect Oracle to post earnings of $0.98 per share for the quarter. Oracle has set its Q4 guidance at $1.05-1.09 EPS.
Oracle (NYSE:ORCL) last announced its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.02. Oracle had a net margin of 27.14% and a return on equity of 34.03%. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the prior year, the firm earned $0.83 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. On average, analysts expect Oracle to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of ORCL stock opened at $53.94 on Wednesday. Oracle has a 1 year low of $42.40 and a 1 year high of $55.53. The firm has a market cap of $182.02 billion, a P/E ratio of 19.13, a P/E/G ratio of 1.60 and a beta of 1.09. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.65 and a current ratio of 2.65.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $54.52, for a total transaction of $204,450.00. Following the transaction, the director now owns 27,969 shares in the company, valued at approximately $1,524,869.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jeffrey Berg sold 37,500 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $53.10, for a total transaction of $1,991,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,473,750 shares of company stock worth $133,883,350. 32.00% of the stock is owned by insiders.
A hedge fund recently raised its stake in Oracle stock. Comerica Securities Inc. increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,628 shares of the enterprise software provider’s stock after purchasing an additional 608 shares during the quarter. Comerica Securities Inc.’s holdings in Oracle were worth $660,000 as of its most recent filing with the SEC. 53.15% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on ORCL shares. Zacks Investment Research lowered shares of Oracle from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Mitsubishi UFJ Financial Group boosted their price target on shares of Oracle from $55.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, March 15th. BNP Paribas assumed coverage on shares of Oracle in a report on Friday, March 29th. They issued a “neutral” rating and a $50.00 price target on the stock. Standpoint Research lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Finally, Goldman Sachs Group reissued a “buy” rating and issued a $55.00 price target on shares of Oracle in a report on Thursday, February 14th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $53.11.
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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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