Oracle (NYSE:ORCL) Issues Q2 Earnings Guidance

Oracle (NYSE:ORCL) updated its second quarter earnings guidance on Monday. The company provided EPS guidance of $1.45-1.49 for the period, compared to the consensus EPS estimate of $1.48. The company issued revenue guidance of $13.98-14.24 billion, compared to the consensus revenue estimate of $14.05 billion.

Wall Street Analyst Weigh In

Several brokerages recently commented on ORCL. Bank of America upped their target price on Oracle from $144.00 to $155.00 and gave the stock a neutral rating in a research note on Wednesday, June 12th. TD Cowen increased their target price on Oracle from $145.00 to $165.00 and gave the company a buy rating in a research note on Wednesday, June 12th. Citigroup cut their price target on Oracle from $133.00 to $128.00 and set a neutral rating for the company in a research note on Monday, June 10th. Morgan Stanley reiterated an equal weight rating and set a $125.00 target price on shares of Oracle in a research report on Tuesday, June 25th. Finally, StockNews.com cut shares of Oracle from a buy rating to a hold rating in a research note on Thursday, June 6th. Fourteen analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $146.30.

Oracle Stock Performance

ORCL stock traded down $1.90 during trading on Monday, hitting $139.91. 19,984,294 shares of the company’s stock traded hands, compared to its average volume of 8,121,598. The stock has a market capitalization of $385.57 billion, a price-to-earnings ratio of 37.94, a price-to-earnings-growth ratio of 2.56 and a beta of 1.01. The stock has a fifty day moving average price of $138.72 and a two-hundred day moving average price of $128.62. Oracle has a 52 week low of $99.26 and a 52 week high of $146.59. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.07. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period last year, the firm posted $0.95 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts anticipate that Oracle will post 5.02 EPS for the current fiscal year.

Oracle Announces Dividend

The firm 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 $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. Oracle’s payout ratio is presently 43.13%.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Insiders sold 1,862,500 shares of company stock valued at $266,776,624 in the last three months. Corporate insiders own 42.80% of the company’s stock.

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.