Oracle (NYSE:ORCL) Updates Q3 Earnings Guidance

Oracle (NYSE:ORCL) issued an update on its third quarter earnings guidance on Monday morning. The company provided EPS guidance of $1.50-1.54 for the period, compared to the consensus EPS estimate of $1.57. The company issued revenue guidance of $14.21-14.48 billion, compared to the consensus revenue estimate of $14.64 billion.

Oracle Stock Performance

Oracle stock opened at $190.54 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market cap of $528.00 billion, a P/E ratio of 49.11, a P/E/G ratio of 3.49 and a beta of 1.03. Oracle has a 1-year low of $99.26 and a 1-year high of $198.31. The firm has a 50-day moving average of $179.76 and a 200-day moving average of $154.67.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.34 earnings per share. Sell-side analysts expect that Oracle will post 5.06 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, January 23rd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.84%. Oracle’s payout ratio is currently 41.24%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Bank of America upped their target price on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. DA Davidson increased their price objective on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. UBS Group restated a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. Oppenheimer reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Finally, Mizuho upped their price objective on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $171.52.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 42.20% of the stock is owned by corporate insiders.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.