Oracle Co. (ORCL) Expected to Announce Earnings of $0.94 Per Share

Equities research analysts forecast that Oracle Co. (NYSE:ORCL) will announce earnings per share (EPS) of $0.94 for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Oracle’s earnings. The lowest EPS estimate is $0.90 and the highest is $0.96. Oracle posted earnings of $0.89 per share in the same quarter last year, which would suggest a positive year over year growth rate of 5.6%. The firm is expected to report its next earnings report on Wednesday, June 20th.

According to Zacks, analysts expect that Oracle will report full-year earnings of $3.06 per share for the current year, with EPS estimates ranging from $2.90 to $3.11. For the next financial year, analysts forecast that the firm will report earnings of $3.30 per share, with EPS estimates ranging from $3.10 to $3.49. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Oracle.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.11. The company had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Oracle had a net margin of 9.25% and a return on equity of 21.77%. Oracle’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 earnings per share.

ORCL has been the topic of several research analyst reports. Vetr upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $51.77 price objective on the stock in a research report on Monday, February 5th. ValuEngine upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Instinet initiated coverage on shares of Oracle in a research report on Wednesday, January 24th. They issued a “buy” rating and a $51.12 price objective on the stock. Nomura initiated coverage on shares of Oracle in a research report on Tuesday, January 23rd. They issued a “buy” rating and a $64.00 price objective on the stock. Finally, Morgan Stanley restated a “buy” rating on shares of Oracle in a research report on Sunday, March 18th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twenty-three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $56.30.

In other news, insider Thomas Kurian sold 979,402 shares of the firm’s stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $45.40, for a total value of $44,464,850.80. Following the transaction, the insider now owns 114,871 shares in the company, valued at $5,215,143.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dorian Daley sold 125,000 shares of the firm’s stock in a transaction on Monday, March 26th. The stock was sold at an average price of $45.95, for a total value of $5,743,750.00. Following the completion of the sale, the executive vice president now directly owns 161,954 shares of the company’s stock, valued at approximately $7,441,786.30. The disclosure for this sale can be found here. Insiders sold 2,557,015 shares of company stock worth $117,480,315 in the last 90 days. Company insiders own 29.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in ORCL. Centaurus Financial Inc. purchased a new stake in Oracle in the first quarter worth $106,000. Rainier Group Investment Advisory LLC purchased a new stake in Oracle in the first quarter worth $106,000. Tarbox Family Office Inc. lifted its stake in Oracle by 71.1% in the fourth quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock worth $110,000 after acquiring an additional 965 shares during the period. Wealthcare Advisory Partners LLC lifted its stake in Oracle by 81,200.0% in the third quarter. Wealthcare Advisory Partners LLC now owns 2,439 shares of the enterprise software provider’s stock worth $118,000 after acquiring an additional 2,436 shares during the period. Finally, Cerebellum GP LLC purchased a new stake in Oracle in the fourth quarter worth $126,000. 56.43% of the stock is owned by institutional investors.

Shares of Oracle traded down $0.81, hitting $46.40, during trading on Thursday, Marketbeat.com reports. The company had a trading volume of 1,193,745 shares, compared to its average volume of 11,628,329. The company has a current ratio of 4.33, a quick ratio of 4.30 and a debt-to-equity ratio of 1.16. The stock has a market cap of $191.75 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 1.71 and a beta of 1.15. Oracle has a 52 week low of $43.74 and a 52 week high of $53.48.

Oracle declared that its Board of Directors has initiated a stock repurchase program on Friday, February 2nd that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the enterprise software provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Monday, April 16th. Oracle’s dividend payout ratio is 30.52%.

About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It 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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