Oracle Co. to Issue Quarterly Dividend of $0.40 (NYSE:ORCL)

by · The Markets Daily

Oracle Co. (NYSE:ORCL – Get Free Report) declared a quarterly dividend on Monday, December 9th,Wall Street Journal reports. Shareholders of record on Thursday, January 23rd will be given a dividend of 0.40 per share by the enterprise software provider on Thursday, January 9th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, January 10th.

Oracle has increased its dividend payment by an average of 16.6% per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Oracle has a payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Oracle to earn $5.65 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 28.3%.

Oracle Trading Down 2.3 %

Shares of NYSE ORCL opened at $161.96 on Wednesday. The stock has a fifty day simple moving average of $178.25 and a 200-day simple moving average of $160.59. Oracle has a twelve month low of $102.13 and a twelve month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $452.99 billion, a PE ratio of 39.60, a PEG ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL – Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter last year, the company earned $1.34 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Oracle will post 5.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Guggenheim increased their price objective on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research report on Monday, September 16th. Stifel Nicolaus boosted their price objective on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Finally, UBS Group boosted their price target on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $181.48.

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About Oracle

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Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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