Oracle (NYSE:ORCL - Get Free Report) is expected to be announcing its earnings results before the market opens on Monday, March 10th. Analysts expect the company to announce earnings of $1.48 per share and revenue of $14.40 billion for the quarter. Oracle has set its Q3 guidance at $1.50-1.54 EPS.Investors interested in registering for the company's conference call can do so using this link.
Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.34 EPS. On average, analysts expect Oracle to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of NYSE:ORCL opened at $155.89 on Friday. The company has a market capitalization of $436.01 billion, a PE ratio of 38.11, a P/E/G ratio of 3.46 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle has a twelve month low of $111.18 and a twelve month high of $198.31. The firm has a 50 day simple moving average of $167.63 and a 200-day simple moving average of $169.10.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 1.03%. Oracle's dividend payout ratio (DPR) is 39.12%.
Several analysts recently commented on the stock. DA Davidson upped their price target on shares of Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. BNP Paribas raised shares of Oracle to a "strong-buy" rating in a research note on Tuesday, December 10th. Piper Sandler increased their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a research note on Tuesday, December 10th. Guggenheim restated a "buy" rating and issued a $220.00 target price on shares of Oracle in a report on Wednesday. Finally, Monness Crespi & Hardt upgraded shares of Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Twelve analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $182.73.
Read Our Latest Analysis on Oracle
In other news, CEO Safra Catz sold 345,174 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is owned by corporate insiders.
An institutional investor recently raised its position in Oracle stock. Brighton Jones LLC boosted its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 189.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,580 shares of the enterprise software provider's stock after purchasing an additional 100,494 shares during the quarter. Oracle makes up about 0.7% of Brighton Jones LLC's investment portfolio, making the stock its 20th largest holding. Brighton Jones LLC's holdings in Oracle were worth $25,593,000 as of its most recent SEC filing. 42.44% of the stock is owned by institutional investors and hedge funds.
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.
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