Oracle Co. (NYSE:ORCL) Announces Quarterly Dividend of $0.40

Oracle Co. (NYSE:ORCL) announced a quarterly dividend on Tuesday, December 31st,Wall Street Journal reports. Shareholders of record on Thursday, January 9th will be paid a dividend of 0.40 per share by the enterprise software provider on Thursday, January 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Friday, January 10th.

Oracle has increased its dividend payment by an average of 16.6% annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Oracle has a payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Oracle to earn $5.65 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 28.3%.

Oracle Stock Down 0.2 %

Shares of NYSE:ORCL traded down $0.27 during trading on Tuesday, reaching $166.64. 4,251,019 shares of the stock were exchanged, compared to its average volume of 8,338,693. The stock has a fifty day moving average of $179.37 and a two-hundred day moving average of $159.42. Oracle has a 1-year low of $101.74 and a 1-year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. The firm has a market cap of $466.08 billion, a price-to-earnings ratio of 40.74, a price-to-earnings-growth ratio of 3.39 and a beta of 1.03.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the business earned $1.34 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts anticipate that Oracle will post 5.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Sanford C. Bernstein lifted their target price on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Evercore ISI upped their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. TD Cowen boosted their price target on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. increased their price objective on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Morgan Stanley upped their target price on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.48.

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.