Equities research analysts predict that Oracle Co. (NYSE:ORCL) will announce sales of $9.29 billion for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have made estimates for Oracle’s earnings, with estimates ranging from $9.13 billion to $9.42 billion. Oracle posted sales of $9.21 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.9%. The business is scheduled to issue its next quarterly earnings results on Thursday, September 13th.

On average, analysts expect that Oracle will report full-year sales of $40.71 billion for the current financial year, with estimates ranging from $40.13 billion to $41.38 billion. For the next year, analysts forecast that the business will report sales of $42.18 billion per share, with estimates ranging from $41.29 billion to $43.39 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Oracle.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, June 19th. The enterprise software provider reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.05. The company had revenue of $11.26 billion during the quarter, compared to the consensus estimate of $11.17 billion. Oracle had a net margin of 9.61% and a return on equity of 23.14%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 earnings per share.

A number of analysts recently issued reports on the stock. Societe Generale set a $50.00 price objective on shares of Oracle and gave the stock a “neutral” rating in a report on Tuesday. UBS Group downgraded shares of Oracle from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $53.00 to $48.00 in a report on Wednesday, June 20th. Zacks Investment Research upgraded shares of Oracle from a “sell” rating to a “hold” rating in a report on Monday, June 25th. TheStreet upgraded shares of Oracle from a “c+” rating to a “b” rating in a report on Tuesday, June 19th. Finally, ValuEngine downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Fifteen investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $55.56.

In other news, Director Naomi O. Seligman sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $48.09, for a total value of $2,164,050.00. Following the completion of the transaction, the director now directly owns 27,969 shares in the company, valued at $1,345,029.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $46.17, for a total transaction of $173,137.50. Following the completion of the transaction, the director now owns 27,969 shares of the company’s stock, valued at $1,291,328.73. The disclosure for this sale can be found here. Insiders sold 550,500 shares of company stock valued at $24,719,865 in the last quarter. Corporate insiders own 29.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Andra AP fonden lifted its position in Oracle by 14.2% during the second quarter. Andra AP fonden now owns 164,400 shares of the enterprise software provider’s stock valued at $7,243,000 after purchasing an additional 20,500 shares during the last quarter. Global X Management Co LLC lifted its position in Oracle by 111.8% during the second quarter. Global X Management Co LLC now owns 62,767 shares of the enterprise software provider’s stock valued at $2,766,000 after purchasing an additional 33,125 shares during the last quarter. MAI Capital Management lifted its position in Oracle by 5.0% during the second quarter. MAI Capital Management now owns 155,629 shares of the enterprise software provider’s stock valued at $6,857,000 after purchasing an additional 7,416 shares during the last quarter. Verition Fund Management LLC lifted its position in Oracle by 91.6% during the second quarter. Verition Fund Management LLC now owns 48,872 shares of the enterprise software provider’s stock valued at $2,153,000 after purchasing an additional 23,371 shares during the last quarter. Finally, Vista Investment Management lifted its position in Oracle by 27.2% during the second quarter. Vista Investment Management now owns 9,033 shares of the enterprise software provider’s stock valued at $398,000 after purchasing an additional 1,933 shares during the last quarter. Institutional investors own 55.78% of the company’s stock.

NYSE ORCL traded up $0.26 during trading hours on Tuesday, reaching $48.36. 11,411,900 shares of the company were exchanged, compared to its average volume of 16,886,148. Oracle has a 1 year low of $42.57 and a 1 year high of $53.48. The company has a debt-to-equity ratio of 1.21, a quick ratio of 3.96 and a current ratio of 3.96. The company has a market capitalization of $200.03 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 1.62 and a beta of 1.14.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 31st. Stockholders of record on Tuesday, July 17th were paid a $0.19 dividend. The ex-dividend date was Monday, July 16th. This represents a $0.76 annualized dividend and a dividend yield of 1.57%. Oracle’s payout ratio is 26.95%.

About Oracle

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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