Oracle (NYSE:ORCL) posted its quarterly earnings results on Thursday. The enterprise software provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09, Briefing.com reports. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The business had revenue of $9.22 billion for the quarter, compared to analysts’ expectations of $9.29 billion. During the same quarter in the prior year, the business earned $0.71 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis.
ORCL stock opened at $56.29 on Thursday. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.49 and a quick ratio of 2.49. The stock has a market capitalization of $181.94 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 1.59 and a beta of 1.18. The business’s fifty day moving average price is $54.15 and its two-hundred day moving average price is $54.46. Oracle has a fifty-two week low of $42.40 and a fifty-two week high of $60.50.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.71%. Oracle’s payout ratio is 30.38%.
A number of equities research analysts recently weighed in on the company. Wedbush restated a “neutral” rating and issued a $55.00 price target (down previously from $55.92) on shares of Oracle in a research note on Thursday, June 20th. Raymond James increased their price target on Oracle from $57.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Morgan Stanley increased their price target on Oracle from $54.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. Monness Crespi & Hardt restated a “hold” rating on shares of Oracle in a research note on Tuesday. Finally, Jefferies Financial Group increased their price target on Oracle from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $55.36.
In other news, CAO W Corey West sold 50,000 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $56.25, for a total transaction of $2,812,500.00. Following the sale, the chief accounting officer now directly owns 85,348 shares of the company’s stock, valued at approximately $4,800,825. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Dorian Daley sold 100,000 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $56.92, for a total value of $5,692,000.00. Following the sale, the executive vice president now directly owns 177,919 shares in the company, valued at $10,127,149.48. The disclosure for this sale can be found here. Insiders have sold a total of 2,140,000 shares of company stock worth $117,501,425 in the last quarter. Company insiders own 32.00% of the company’s stock.
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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