Q2 2019 EPS Estimates for Oracle Co. Lifted by Analyst (ORCL)

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Oracle Co. (NYSE:ORCL) – Analysts at Oppenheimer increased their Q2 2019 EPS estimates for Oracle in a research note issued to investors on Wednesday, June 20th. Oppenheimer analyst B. Schwartz now anticipates that the enterprise software provider will post earnings of $0.76 per share for the quarter, up from their prior forecast of $0.73. Oppenheimer also issued estimates for Oracle’s Q3 2019 earnings at $0.78 EPS, FY2019 earnings at $3.12 EPS and FY2020 earnings at $3.33 EPS.

Other research analysts have also recently issued research reports about the stock. UBS Group reaffirmed a “neutral” rating and issued a $53.00 price objective on shares of Oracle in a report on Tuesday, June 12th. ValuEngine cut shares of Oracle from a “hold” rating to a “sell” rating in a report on Thursday, June 21st. Credit Suisse Group cut their price objective on shares of Oracle from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Tuesday, March 20th. Bank of America cut shares of Oracle from a “buy” rating to a “neutral” rating in a report on Tuesday, March 20th. Finally, Morgan Stanley reissued a “buy” rating on shares of Oracle in a research note on Sunday, March 18th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Oracle presently has a consensus rating of “Buy” and an average target price of $55.99.

Oracle opened at $44.41 on Monday, according to Marketbeat. Oracle has a fifty-two week low of $42.57 and a fifty-two week high of $53.48. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.96 and a quick ratio of 4.30. The firm has a market capitalization of $182.56 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 1.45 and a beta of 1.15.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Tuesday, June 19th. The enterprise software provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. Oracle had a net margin of 9.61% and a return on equity of 23.14%. The company had revenue of $11.26 billion during the quarter, compared to analysts’ expectations of $11.17 billion. During the same quarter in the previous year, the company earned $0.89 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis.

A number of large investors have recently bought and sold shares of the business. Tarbox Family Office Inc. boosted its holdings in Oracle by 71.1% in the 4th quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock valued at $110,000 after purchasing an additional 965 shares during the last quarter. Cpwm LLC lifted its holdings in shares of Oracle by 6.0% in the 4th quarter. Cpwm LLC now owns 17,625 shares of the enterprise software provider’s stock worth $833,000 after acquiring an additional 1,001 shares during the last quarter. Pillar Pacific Capital Management LLC lifted its holdings in shares of Oracle by 0.6% in the 4th quarter. Pillar Pacific Capital Management LLC now owns 180,430 shares of the enterprise software provider’s stock worth $8,531,000 after acquiring an additional 1,017 shares during the last quarter. Timber Creek Capital Management LLC lifted its holdings in shares of Oracle by 1.1% in the 4th quarter. Timber Creek Capital Management LLC now owns 92,267 shares of the enterprise software provider’s stock worth $4,362,000 after acquiring an additional 1,045 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in shares of Oracle by 18.6% in the 4th quarter. Penserra Capital Management LLC now owns 6,650 shares of the enterprise software provider’s stock worth $314,000 after acquiring an additional 1,045 shares during the last quarter. Institutional investors own 56.25% of the company’s stock.

In other Oracle news, Director Jeffrey Berg sold 75,000 shares of the business’s stock in a transaction dated Thursday, April 12th. The shares were sold at an average price of $45.94, for a total value of $3,445,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $46.08, for a total transaction of $172,800.00. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at $835,200. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,480,015 shares of company stock valued at $113,813,030. 29.00% of the stock is owned by corporate insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Tuesday, July 17th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, July 16th. This represents a $0.76 annualized dividend and a yield of 1.71%. Oracle’s dividend payout ratio is presently 26.95%.

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.

Earnings History and Estimates for Oracle (NYSE:ORCL)

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