Over the past 12 fiscal quarters, Oracle Corporation (NYSE:ORCL) has topped consensus earnings estimates in 7 quarters (58%), missed earnings in 2 quarters (16%), whereas at 3 occasion EPS met analyst expectations. Shares of Oracle Corporation (ORCL) have gained 5.6% since the company’s Aug-19 earnings report.ORCL last reported earnings on December 17, 2018 when it released Aug-18 results that exceeded expectations. The company raked in $0.71 per share, -81.56% change on the same period last year. That was better than consensus for $0.68. Revenue for the recent quarter stood at $9.2 billion, down 0% on last year and below the $9.26 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $9.32 billion to $9.78 billion, which should be compared with $10.05 billion generated last year. EPS is seen in a range of $0.73 to $0.84, against the $0.75 reported a year ago.
ORCL’s 50 day simple moving average (SMA 50) price is $47.63 and its 200-day simple moving average (SMA 200) price is $47.47. The company’s stock currently has a total float of 2.45B shares. Its weekly volatility is hovering around 2.89% and felt 3.13% volatility in price over a month. On the upside, the share price will test short term resistance at around $48.82. On a downside, the stock is likely to find some support, which begins at $47.57. The failure to get near-term support could push it to $46.84.
Separately, it has been reported that multiple insider activity took place at Oracle Corporation (ORCL). EVP, Gen’l Counsel, Secretary Daley Dorian sold 25,000 shares for $77,919 in transaction occurred on 2018/12/27. After making this transaction, the EVP, Gen’l Counsel, Secretary owns a direct stake of 1,125,000 shares, worth $3,762,709, as per the last closing price. On 2018/12/24 Daley Dorian, EVP, Gen’l Counsel, Secretary at ORCL, dumped 6,302 shares at an average price of $43.24 per share. The selling total is valued at $3,762,709.
Director, Garcia-Molina Hector had divested 3,750 shares for $26,094 through a trade on 2018/12/17. Following this activity, the insider holds 174,075 shares worth $1,260,079 as of recent close. Wall Street’s most bullish Oracle Corporation (NYSE:ORCL) analysts are predicting the share price to blow past $61 per share during the next 12 months. The current median share price forecast by them is $53, suggesting that the stock could increase 9.75% in that time frame. The average price target of $52.45 calls for a nearly 8.61% increase in the stock price.
It had seen a new analyst call from Atlantic Equities, which initiated the stock at Underweight on January 09. Analysts at Barclays, shed their positive views on January 09 by lowering it fromOverweight to Equal Weight. The stock won favor of Standpoint Research analysts who expressed their confidence in it using an upgrade from Hold to Buy on December 26. Needham, released new analyst coverage on October 23, calling the stock is Hold.
When looking at valuations, Oracle Corporation (ORCL) has a cheap P/E of 18.09x as compared to industry average of 39.5x. Moreover, it trades for 13.16 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 5.87x price/book and 4.31x price/sales. Compared to others, Oracle Corporation is in a different league with regards to profitability, having net margins of 10%. To put some perspective around this, the industry’s average net margin is 9.11%. ORCL’s ROE is 9.8%, which is also considerably better than the industry’s ROE of -122.57%. It’s also very liquid in the near term, with a current ratio of 2.8. The stock has a debt/capital of 1.9.
Oracle Corporation (NYSE:ORCL) recently claimed $171.62B as the price has approached $48.29. There came a 0.98% growth with the closing bell on Friday. The stock remained range bound between $47.37 and $48.6197. Trading activity significantly weakened as the volume at ready counter decreased to 16,396,355 shares versus 24,984,279 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 17,693,350 shares. The stock is now 13.89% above against its bear-market low of $42.4 on December 26, 2018. It has retreated -10.75% since it’s 52-week high of $53.48 reached in March. Now the market price is down -1.05% on the year and up 6.95% YTD.