Oracle Co. (NYSE:ORCL) announced a quarterly dividend on Wednesday, June 19th, RTT News reports. Stockholders of record on Wednesday, July 17th will be paid a dividend of 0.24 per share by the enterprise software provider on Wednesday, July 31st. This represents a $0.96 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Tuesday, July 16th.
Oracle has increased its dividend by an average of 10.1% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Oracle has a payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Oracle to earn $3.82 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 25.1%.
Shares of ORCL opened at $59.81 on Friday. The firm has a market capitalization of $199.52 billion, a PE ratio of 18.93, a PEG ratio of 1.74 and a beta of 1.15. Oracle has a 1 year low of $42.40 and a 1 year high of $60.50. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.49 and a quick ratio of 2.49. The stock’s 50-day simple moving average is $55.07.
Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.18. The business had revenue of $11.14 billion for the quarter, compared to analysts’ expectations of $10.93 billion. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 earnings per share. On average, equities research analysts forecast that Oracle will post 3.5 EPS for the current year.
Several analysts recently weighed in on the stock. Barclays reaffirmed a “hold” rating and issued a $14.00 target price on shares of MACOM Technology Solutions in a report on Thursday, June 20th. UBS Group reduced their target price on shares of Broadcom from $325.00 to $310.00 and set a “buy” rating on the stock in a report on Friday, June 14th. William Blair reaffirmed an “outperform” rating on shares of American Software in a report on Thursday, June 20th. Credit Suisse Group set a €14.50 ($16.86) price target on shares of Assicurazioni Generali and gave the company a “sell” rating in a research note on Monday, March 18th. Finally, Wells Fargo & Co reiterated an “outperform” rating on shares of Applied Materials in a research note on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $54.58.
In other Oracle news, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $55.01, for a total value of $5,501,000.00. Following the completion of the sale, the executive vice president now owns 177,919 shares of the company’s stock, valued at $9,787,324.19. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Edward Screven sold 600,000 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $54.96, for a total value of $32,976,000.00. Following the completion of the sale, the insider now directly owns 2,812,345 shares of the company’s stock, valued at approximately $154,566,481.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,970,000 shares of company stock worth $110,237,950. 32.00% of the stock is currently owned by insiders.
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.
See Also: Limitations to arbitrage trading
Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.