Oracle (NYSE:ORCL) Releases Q2 Earnings Guidance

Oracle (NYSE:ORCL) issued an update on its second quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $1.45-1.49 for the period, compared to the consensus earnings per share 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.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Sanford C. Bernstein boosted their price target on shares of Oracle from $159.00 to $171.00 and gave the company an outperform rating in a report on Wednesday, June 12th. UBS Group increased their target price on Oracle from $150.00 to $160.00 and gave the company a buy rating in a research report on Wednesday, June 12th. Argus lifted their price target on Oracle from $145.00 to $159.00 and gave the company a buy rating in a report on Tuesday, June 18th. KeyCorp upped their price objective on Oracle from $150.00 to $165.00 and gave the stock an overweight rating in a research note on Wednesday, June 12th. Finally, Piper Sandler reiterated an overweight rating and issued a $150.00 target price on shares of Oracle in a research note on Friday, July 12th. Fourteen investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Oracle currently has an average rating of Moderate Buy and a consensus price target of $146.30.

Oracle Stock Down 1.3 %

Oracle stock opened at $139.91 on Tuesday. Oracle has a 52 week low of $99.26 and a 52 week high of $146.59. The firm has a market cap of $385.57 billion, a price-to-earnings ratio of 37.71, a price-to-earnings-growth ratio of 2.56 and a beta of 1.01. The business’s 50-day moving average price is $138.65 and its 200 day moving average price is $128.82. 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 earnings results on Monday, September 9th. The enterprise software provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.13. The firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. As a group, sell-side analysts anticipate that Oracle will post 5.02 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. Oracle’s dividend payout ratio is presently 43.13%.

Insider Buying and Selling

In other news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related 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 owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Edward Screven sold 235,918 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,862,500 shares of company stock valued at $266,776,624. 42.80% of the stock is 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.