Oracle Co. (NYSE:ORCL) Expected to Post Quarterly Sales of $10.90 Billion

Wall Street analysts expect Oracle Co. (NYSE:ORCL) to post $10.90 billion in sales for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Oracle’s earnings. The highest sales estimate is $11.22 billion and the lowest is $10.05 billion. Oracle reported sales of $11.14 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.2%. The company is expected to issue its next quarterly earnings results on Wednesday, June 17th.

According to Zacks, analysts expect that Oracle will report full year sales of $39.52 billion for the current financial year, with estimates ranging from $38.68 billion to $39.85 billion. For the next financial year, analysts anticipate that the firm will post sales of $39.59 billion, with estimates ranging from $38.55 billion to $40.67 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Oracle.

Oracle (NYSE:ORCL) last released its earnings results on Thursday, March 12th. The enterprise software provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.01. Oracle had a net margin of 27.06% and a return on equity of 64.68%. The firm had revenue of $9.80 billion during the quarter, compared to analyst estimates of $9.75 billion. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year.

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “neutral” rating and set a $55.00 price target on shares of Oracle in a report on Thursday, April 9th. Sanford C. Bernstein reissued a “buy” rating and set a $58.00 price target on shares of Oracle in a report on Friday, March 13th. Goldman Sachs Group reissued a “buy” rating and set a $52.00 price target on shares of Oracle in a report on Thursday, March 26th. Societe Generale raised shares of Oracle from a “hold” rating to a “buy” rating and reduced their price target for the company from $62.00 to $61.00 in a report on Wednesday, March 4th. Finally, Royal Bank of Canada reduced their price target on shares of Oracle from $57.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, March 13th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $53.57.

Shares of ORCL traded up $0.40 during midday trading on Monday, hitting $52.62. 7,082,880 shares of the stock traded hands, compared to its average volume of 10,488,970. Oracle has a 1-year low of $39.71 and a 1-year high of $60.50. The firm has a market capitalization of $164.68 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 1.37 and a beta of 0.90. The company has a debt-to-equity ratio of 3.31, a quick ratio of 2.12 and a current ratio of 2.12. The business’s 50 day moving average price is $52.51 and its two-hundred day moving average price is $52.99.

Oracle announced that its Board of Directors has approved a stock repurchase program on Thursday, March 12th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the enterprise software provider to repurchase up to 9.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Thursday, April 9th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.82%. The ex-dividend date was Wednesday, April 8th. Oracle’s dividend payout ratio (DPR) is presently 30.38%.

In related news, Director Charles W. Moorman acquired 10,000 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were purchased at an average price of $45.23 per share, for a total transaction of $452,300.00. Following the acquisition, the director now owns 18,561 shares in the company, valued at $839,514.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles W. Moorman acquired 20,000 shares of the business’s stock in a transaction on Thursday, March 26th. The shares were bought at an average price of $48.59 per share, for a total transaction of $971,800.00. Following the acquisition, the director now owns 38,561 shares in the company, valued at approximately $1,873,678.99. The disclosure for this purchase can be found here. 36.60% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. First National Bank of South Miami raised its holdings in Oracle by 104.6% during the 4th quarter. First National Bank of South Miami now owns 489 shares of the enterprise software provider’s stock worth $26,000 after buying an additional 250 shares during the period. Lloyd Advisory Services LLC. acquired a new position in shares of Oracle in the 4th quarter valued at about $26,000. Samalin Investment Counsel LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $27,000. Solstein Capital LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $33,000. Finally, Wealth Alliance acquired a new position in shares of Oracle in the 4th quarter valued at about $64,000. Hedge funds and other institutional investors own 50.64% 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.

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Earnings History and Estimates for Oracle (NYSE:ORCL)

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