Equities research analysts predict that Oracle Co. (NYSE:ORCL) will report $9.29 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have made estimates for Oracle’s earnings, with the highest sales estimate coming in at $9.36 billion and the lowest estimate coming in at $9.26 billion. Oracle posted sales of $9.20 billion in the same quarter last year, which would indicate a positive year over year growth rate of 1%. The company is scheduled to announce its next earnings results on Monday, September 16th.

On average, analysts expect that Oracle will report full-year sales of $40.43 billion for the current fiscal year, with estimates ranging from $39.77 billion to $40.73 billion. For the next fiscal year, analysts anticipate that the business will post sales of $41.60 billion, with estimates ranging from $40.33 billion to $42.73 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Oracle.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.18. The firm had revenue of $11.14 billion during the quarter, compared to analyst estimates of $10.93 billion. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the company earned $0.99 earnings per share.

Several research firms recently issued reports on ORCL. BMO Capital Markets reissued a “market perform” rating and set a $59.00 price objective (up previously from $53.00) on shares of Oracle in a research note on Thursday, June 20th. Wedbush reissued a “neutral” rating and issued a $55.00 price target (down from $55.92) on shares of Oracle in a research report on Thursday, June 20th. UBS Group reissued a “neutral” rating and issued a $54.00 price target on shares of Oracle in a research report on Friday, June 14th. Zacks Investment Research raised Oracle from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Wednesday, May 15th. Finally, Macquarie cut Oracle from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $56.00 to $55.00 in a research report on Tuesday, June 18th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $55.14.

NYSE:ORCL traded down $1.61 during trading hours on Friday, hitting $51.58. 9,174,612 shares of the company’s stock traded hands, compared to its average volume of 10,150,123. The firm has a market cap of $177.60 billion, a P/E ratio of 16.32, a P/E/G ratio of 1.55 and a beta of 1.15. Oracle has a 52 week low of $42.40 and a 52 week high of $60.50. The business’s fifty day simple moving average is $56.46 and its two-hundred day simple moving average is $54.33. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.31.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were given a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, July 16th. This represents a $0.96 annualized dividend and a yield of 1.86%. Oracle’s dividend payout ratio (DPR) is presently 30.38%.

In related news, CEO Mark V. Hurd sold 787,500 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $56.29, for a total value of $44,328,375.00. Following the transaction, the chief executive officer now directly owns 874,871 shares of the company’s stock, valued at approximately $49,246,488.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $56.92, for a total value of $5,692,000.00. Following the completion of the transaction, the executive vice president now directly owns 177,919 shares in the company, valued at $10,127,149.48. The disclosure for this sale can be found here. Insiders sold a total of 1,352,500 shares of company stock worth $76,708,925 over the last ninety days. 32.00% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ORCL. Norges Bank purchased a new stake in Oracle during the 4th quarter valued at $1,235,719,000. Nuveen Asset Management LLC raised its stake in Oracle by 6,437.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 10,144,910 shares of the enterprise software provider’s stock valued at $577,955,000 after buying an additional 9,989,718 shares during the last quarter. Longview Partners Guernsey LTD raised its stake in Oracle by 16.9% during the 2nd quarter. Longview Partners Guernsey LTD now owns 22,243,759 shares of the enterprise software provider’s stock valued at $1,267,227,000 after buying an additional 3,220,296 shares during the last quarter. Renaissance Technologies LLC raised its stake in Oracle by 2,952.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,970,032 shares of the enterprise software provider’s stock valued at $169,203,000 after buying an additional 2,872,732 shares during the last quarter. Finally, LSV Asset Management raised its stake in Oracle by 37.8% during the 2nd quarter. LSV Asset Management now owns 8,335,383 shares of the enterprise software provider’s stock valued at $474,866,000 after buying an additional 2,286,600 shares during the last quarter. Institutional investors and hedge funds own 53.71% of the company’s stock.

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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