Oracle (NYSE:ORCL) Releases Q3 Earnings Guidance

Oracle (NYSE:ORCL) issued an update on its third quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $1.50-1.54 for the period, compared to the consensus earnings per share 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.

Analyst Ratings Changes

ORCL has been the subject of a number of research analyst reports. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a research note on Friday, October 18th. Evercore ISI upped their price target on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Piper Sandler upped their price objective on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Finally, BMO Capital Markets lifted their price objective on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average price target of $171.52.

Oracle Trading Down 0.6 %

Shares of ORCL stock traded down $1.15 during mid-day trading on Monday, hitting $190.54. The company’s stock had a trading volume of 19,841,301 shares, compared to its average volume of 8,302,484. The company has a market cap of $528.00 billion, a PE ratio of 49.11, a P/E/G ratio of 3.49 and a beta of 1.03. The company’s fifty day simple moving average is $179.76 and its 200-day simple moving average is $154.67. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle has a 52 week low of $99.26 and a 52 week high of $198.31.

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

Oracle Announces Dividend

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

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The shares were 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 owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 42.20% of the stock is currently owned by company 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.