Equities research analysts expect that Oracle Co. (NYSE:ORCL) will report earnings of $1.07 per share for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Oracle’s earnings, with estimates ranging from $1.06 to $1.09. Oracle posted earnings of $0.99 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 8.1%. The company is scheduled to announce its next quarterly earnings results on Tuesday, June 18th.

On average, analysts expect that Oracle will report full year earnings of $3.44 per share for the current financial year, with EPS estimates ranging from $3.36 to $3.47. For the next fiscal year, analysts anticipate that the business will post earnings of $3.79 per share, with EPS estimates ranging from $3.58 to $3.99. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Oracle.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.02. Oracle had a return on equity of 34.03% and a net margin of 27.14%. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period in the previous year, the company posted $0.83 earnings per share. The firm’s revenue was down .7% on a year-over-year basis.

Several equities research analysts recently weighed in on ORCL shares. Credit Suisse Group restated a “buy” rating and set a $60.00 price target on shares of Oracle in a research report on Monday, March 18th. JPMorgan Chase & Co. restated a “neutral” rating and set a $53.00 price target on shares of Oracle in a research report on Wednesday, March 13th. Goldman Sachs Group restated a “buy” rating and set a $55.00 price target on shares of Oracle in a research report on Thursday, February 14th. Wedbush lifted their price target on Oracle from $49.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Finally, Exane BNP Paribas started coverage on Oracle in a research report on Friday, March 29th. They set a “neutral” rating and a $50.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company. Oracle currently has an average rating of “Hold” and a consensus target price of $52.87.

Shares of NYSE ORCL traded up $0.43 during mid-day trading on Wednesday, hitting $54.56. 8,457,037 shares of the stock traded hands, compared to its average volume of 13,546,032. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 2.13. Oracle has a 52 week low of $42.40 and a 52 week high of $55.53. The firm has a market capitalization of $221.18 billion, a PE ratio of 19.35, a P/E/G ratio of 1.77 and a beta of 1.08.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.76%. This is an increase from Oracle’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, April 10th. Oracle’s payout ratio is 34.04%.

In other news, insider Edward Screven sold 600,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $54.96, for a total value of $32,976,000.00. Following the completion of the transaction, the insider now owns 2,812,345 shares in the company, valued at $154,566,481.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $51.51, for a total value of $193,162.50. Following the completion of the transaction, the director now owns 27,969 shares of the company’s stock, valued at approximately $1,440,683.19. The disclosure for this sale can be found here. Insiders sold 2,473,750 shares of company stock worth $133,872,063 over the last three months. Corporate insiders own 32.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of ORCL. Advisory Alpha LLC purchased a new stake in Oracle during the first quarter valued at $29,000. Investors Research Corp purchased a new stake in Oracle during the first quarter valued at $30,000. Massey Quick Simon & CO. LLC increased its position in Oracle by 220.9% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock valued at $27,000 after acquiring an additional 413 shares during the last quarter. Covenant Multifamily Offices LLC purchased a new stake in Oracle during the first quarter valued at $35,000. Finally, Riverview Trust Co purchased a new stake in Oracle during the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 47.10% of the company’s stock.

Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

See Also: Special Dividends

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Earnings History and Estimates for Oracle (NYSE:ORCL)

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