Oracle (ORCL) to Release Earnings on Monday

Oracle (NYSE:ORCL - Get Free Report) is anticipated to issue its quarterly earnings data 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.Parties interested in participating in the company's conference call can do so using this link.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion during 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 company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.34 earnings per share. On average, analysts expect Oracle to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Oracle Stock Performance

NYSE ORCL traded up $4.95 during trading hours on Friday, reaching $155.89. The stock had a trading volume of 12,628,662 shares, compared to its average volume of 11,632,912. Oracle has a 52-week low of $111.18 and a 52-week high of $198.31. The stock has a fifty day moving average of $167.63 and a 200 day moving average of $169.30. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $436.01 billion, a P/E ratio of 38.11, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

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Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's dividend payout ratio (DPR) is currently 39.12%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ORCL shares. Citigroup boosted their target price on shares of Oracle from $157.00 to $194.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Mizuho lifted their price target on Oracle from $185.00 to $210.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Morgan Stanley boosted their target price on shares of Oracle from $145.00 to $175.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 10th. Piper Sandler lifted their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a report on Tuesday, December 10th. Finally, Evercore ISI increased 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. Twelve investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and a consensus price target of $182.73.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 345,174 shares of the firm's stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 42.20% of the company's stock.

Institutional Investors Weigh In On Oracle

A hedge fund recently raised its stake in Oracle stock. Brighton Jones LLC grew its position in Oracle Co. (NYSE:ORCL - Free Report) by 189.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,580 shares of the enterprise software provider's stock after buying an additional 100,494 shares during the period. Oracle accounts for approximately 0.7% of Brighton Jones LLC's investment portfolio, making the stock its 20th largest position. Brighton Jones LLC's holdings in Oracle were worth $25,593,000 at the end of the most recent quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

About Oracle

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.