Analysts expect that Oracle Co. (NYSE:ORCL) will announce $11.20 billion in sales for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Oracle’s earnings. The highest sales estimate is $11.26 billion and the lowest is $11.16 billion. Oracle reported sales of $10.94 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2.4%. The firm is scheduled to announce its next earnings results on Wednesday, June 20th.

On average, analysts expect that Oracle will report full year sales of $39.82 billion for the current financial year, with estimates ranging from $39.76 billion to $39.95 billion. For the next fiscal year, analysts forecast that the company will report sales of $41.20 billion per share, with estimates ranging from $40.48 billion to $41.76 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Oracle.

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Oracle (NYSE:ORCL) last released its earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.11. The company had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.77 billion. Oracle had a return on equity of 21.77% and a net margin of 9.25%. Oracle’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share.

Several equities analysts recently commented on the company. Morgan Stanley reiterated a “buy” rating on shares of Oracle in a research note on Sunday, March 18th. Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. TheStreet downgraded Oracle from a “b+” rating to a “c+” rating in a research note on Monday, March 19th. Monness Crespi & Hardt assumed coverage on Oracle in a research note on Wednesday, April 11th. They issued a “neutral” rating on the stock. Finally, Instinet assumed coverage on Oracle in a research note on Wednesday, January 24th. They issued a “buy” rating and a $51.12 price objective on the stock. Seventeen investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Oracle presently has an average rating of “Buy” and an average target price of $56.11.

In related news, insider Thomas Kurian sold 1,700,000 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $50.29, for a total value of $85,493,000.00. Following the sale, the insider now owns 1,522,983 shares in the company, valued at $76,590,815.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $49.66, for a total value of $186,225.00. The disclosure for this sale can be found here. Insiders sold 2,052,500 shares of company stock worth $102,574,488 in the last quarter. 29.00% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Clearbridge Investments LLC grew its stake in shares of Oracle by 148.9% in the fourth quarter. Clearbridge Investments LLC now owns 15,759,813 shares of the enterprise software provider’s stock worth $745,124,000 after purchasing an additional 9,429,236 shares during the last quarter. FMR LLC lifted its holdings in shares of Oracle by 24.8% during the second quarter. FMR LLC now owns 33,082,375 shares of the enterprise software provider’s stock valued at $1,658,750,000 after purchasing an additional 6,577,297 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Oracle by 50.2% during the fourth quarter. Mackenzie Financial Corp now owns 16,111,806 shares of the enterprise software provider’s stock valued at $761,766,000 after purchasing an additional 5,387,078 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Oracle by 2.6% during the second quarter. Vanguard Group Inc. now owns 206,441,876 shares of the enterprise software provider’s stock valued at $10,350,996,000 after purchasing an additional 5,270,359 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of Oracle by 24.4% during the third quarter. Boston Partners now owns 23,924,971 shares of the enterprise software provider’s stock valued at $1,156,772,000 after purchasing an additional 4,699,334 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Oracle stock traded up $0.43 during trading on Friday, hitting $46.48. The stock had a trading volume of 1,393,599 shares, compared to its average volume of 16,935,529. Oracle has a 1 year low of $43.60 and a 1 year high of $53.48. The company has a current ratio of 4.33, a quick ratio of 4.30 and a debt-to-equity ratio of 1.16. The company has a market cap of $190,752.88, a price-to-earnings ratio of 18.69, a PEG ratio of 1.70 and a beta of 1.15.

Oracle announced that its Board of Directors has initiated a share buyback program on Friday, February 2nd that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the enterprise software provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 17th will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, April 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.64%. Oracle’s dividend payout ratio (DPR) is presently 30.52%.

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About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It 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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