Oracle Corp. (NASDAQ:ORCL)‘s stock had its “buy” rating reaffirmed by equities researchers at TheStreet in a research report issued on Tuesday, Analyst Ratings News reports.
The analysts wrote, “Oracle Corporation (ORCL) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, attractive valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”
Oracle Corp. (NASDAQ:ORCL) traded down 0.88% on Tuesday, hitting $32.55. The stock had a trading volume of 7,155,860 shares. Oracle Corp. has a 52 week low of $29.52 and a 52 week high of $36.43. The stock’s 50-day moving average is $32.8 and its 200-day moving average is $32.79. The company has a market cap of $148.3 billion and a P/E ratio of 14.11.
Oracle Corp. (NASDAQ:ORCL) last posted its quarterly earnings results on Wednesday, September 18th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.48 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 29th. Shareholders of record on Tuesday, October 8th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Friday, October 4th.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Oracle Corp. in a research note to investors on Friday, September 27th. They now have a $32.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Oracle Corp. from $34.00 to $36.00 in a research note to investors on Friday, September 20th. They now have a “neutral” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Oracle Corp. to $37.00 in a research note to investors on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Oracle Corp. has an average rating of “Buy” and a consensus price target of $36.40.
In other Oracle Corp. news, SVP Dorian Daley unloaded 100,000 shares of Oracle Corp. stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $33.93, for a total value of $3,393,000.00. Following the sale, the senior vice president now directly owns 5,000 shares of the company’s stock, valued at approximately $169,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Oracle Corporation is a provider of enterprise software and computer hardware products and services. The Company’s software, hardware systems, and services businesses develops, manufactures, markets, hosts and supports database and middleware software, applications software, and hardware systems, with the latter consisting primarily of computer server and storage products.
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