Q3 2020 Earnings Forecast for Oracle Co. Issued By William Blair (NYSE:ORCL)

Oracle Co. (NYSE:ORCL) – Analysts at William Blair increased their Q3 2020 earnings per share (EPS) estimates for Oracle in a report released on Thursday, June 20th. William Blair analyst J. Ader now forecasts that the enterprise software provider will earn $0.85 per share for the quarter, up from their prior forecast of $0.80. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for Oracle’s Q4 2020 earnings at $1.14 EPS and FY2020 earnings at $3.50 EPS.

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

A number of other research analysts also recently weighed in on the stock. Raymond James increased their target price on shares of Oracle from $57.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Wedbush reissued a “neutral” rating and set a $55.00 target price (down from $55.92) on shares of Oracle in a research report on Thursday, June 20th. Wells Fargo & Co increased their target price on shares of Oracle from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Barclays increased their target price on shares of Oracle from $55.00 to $59.00 and gave the company an “equal weight” rating in a research report on Thursday, June 20th. Finally, Jefferies Financial Group increased their target price on shares of Oracle from $61.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and nine have issued a buy rating to the company. Oracle presently has a consensus rating of “Hold” and an average price target of $54.58.

Oracle stock opened at $56.07 on Monday. Oracle has a twelve month low of $42.40 and a twelve month high of $57.47. The company’s 50 day moving average is $53.63. The company has a market cap of $191.80 billion, a P/E ratio of 17.74, a P/E/G ratio of 1.64 and a beta of 1.09. The company has a quick ratio of 2.65, a current ratio of 2.49 and a debt-to-equity ratio of 2.31.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.71%. Oracle’s dividend payout ratio (DPR) is presently 30.38%.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $54.50, for a total value of $204,375.00. Following the completion of the transaction, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,524,310.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Edward Screven sold 600,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $54.96, for a total transaction of $32,976,000.00. Following the completion of the transaction, the insider now directly owns 2,812,345 shares of the company’s stock, valued at $154,566,481.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,870,000 shares of company stock valued at $104,437,950. 32.00% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Weaver Consulting Group bought a new position in Oracle in the 1st quarter valued at $127,000. First Trust Advisors LP boosted its holdings in Oracle by 6.5% in the 1st quarter. First Trust Advisors LP now owns 2,800,898 shares of the enterprise software provider’s stock valued at $150,436,000 after purchasing an additional 172,115 shares during the period. Horizon Investments LLC boosted its holdings in Oracle by 1,106.1% in the 1st quarter. Horizon Investments LLC now owns 68,024 shares of the enterprise software provider’s stock valued at $3,637,000 after purchasing an additional 62,384 shares during the period. Redwood Investment Management LLC bought a new position in Oracle in the 1st quarter valued at $2,848,000. Finally, B. Riley Wealth Management Inc. boosted its holdings in Oracle by 9.7% in the 1st quarter. B. Riley Wealth Management Inc. now owns 6,537 shares of the enterprise software provider’s stock valued at $351,000 after purchasing an additional 578 shares during the period. 53.10% of the stock is owned by institutional investors.

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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