$0.73 EPS Expected for Oracle Corporation (ORCL)

May 19, 2017 - By Richard Conner

 $0.73 EPS Expected for Oracle Corporation (ORCL)

Investors wait Oracle Corporation (NYSE:ORCL) to report on June, 15. its quarterly earnings Wall Street analysts expect $0.73 earnings per share, down $0.03 or 3.95 % from last year’s $0.76 same quarter earnings. This translates into $3.00B profit for ORCL giving the stock a 15.17 P/E. This is assuming the current $0.73 EPS is accurate. Oracle Corporation’s Wall Street analysts see 15.87 % EPS growth, taking into account the $0.63 EPS reproted in the previous quarter, About 8.20 million shares traded. Oracle Corporation (NYSE:ORCL) has risen 6.00% since April 19, 2017 and is uptrending. It has by 0.00% the S&P500.

Oracle Corporation (NYSE:ORCL) Ratings Coverage

Among 27 analysts covering Oracle (NYSE:ORCL), 18 have Buy rating, 0 Sell and 9 Hold. Therefore 67% are positive. Oracle had 49 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Overweight” rating by JP Morgan on Thursday, March 16. The stock has “Buy” rating by Drexel Hamilton on Saturday, October 10. The stock of Oracle Corporation (NYSE:ORCL) earned “Buy” rating by BTIG Research on Thursday, September 10. BMO Capital Markets initiated it with “Market Perform” rating and $42.0 target in Friday, January 8 report. Jefferies upgraded the shares of ORCL in report on Thursday, July 30 to “Buy” rating. The stock of Oracle Corporation (NYSE:ORCL) has “Buy” rating given on Thursday, September 17 by Stifel Nicolaus. Morgan Stanley maintained Oracle Corporation (NYSE:ORCL) rating on Thursday, September 17. Morgan Stanley has “Overweight” rating and $45 target. The firm has “Neutral” rating by Citigroup given on Friday, June 17. The stock has “Neutral” rating by Wedbush on Friday, December 16. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, September 23.

Investors sentiment decreased to 0.79 in 2016 Q4. Its down 0.16, from 0.95 in 2016Q3. It fall, as 67 investors sold Oracle Corporation shares while 585 reduced holdings. 87 funds opened positions while 431 raised stakes. 2.32 billion shares or 0.62% more from 2.30 billion shares in 2016Q3 were reported.
Robeco Institutional Asset Mgmt Bv accumulated 0.36% or 1.21 million shares. Altavista Wealth Mgmt reported 10,136 shares stake. Cypress Lc reported 1.91% of its portfolio in Oracle Corporation (NYSE:ORCL). Arrowgrass Cap Prns (Us) Ltd Partnership has invested 0.11% in Oracle Corporation (NYSE:ORCL). Waters Parkerson & holds 526,099 shares. Huntington Steele Ltd Com holds 42,854 shares or 0.55% of its portfolio. 8,799 are owned by Forte Ltd Liability Corp Adv. Cornerstone Investment Partners Limited Liability reported 3.82% in Oracle Corporation (NYSE:ORCL). Rand Wealth Ltd Liability Company stated it has 54,250 shares. Kcg Inc reported 0.12% of its portfolio in Oracle Corporation (NYSE:ORCL). Blackrock Fund accumulated 44.00M shares or 0.31% of the stock. Kanaly Tru Company accumulated 0.01% or 660 shares. Holderness Invs reported 26,721 shares stake. Oak Associates Limited Oh stated it has 1.07% in Oracle Corporation (NYSE:ORCL). Baker Ellis Asset Mgmt Limited Com reported 6,892 shares or 0.08% of all its holdings.

Oracle Corporation provides services and products that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The company has market cap of $182.01 billion. The Company’s businesses include cloud and on-premise software, hardware and services. It has a 20.94 P/E ratio. The Company’s cloud and on-premise software business consists of three divisions, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

More important recent Oracle Corporation (NYSE:ORCL) news were published by: Fool.com which released: “Better Buy: Cisco Systems, Inc. vs. Oracle Corporation” on May 10, 2017, also Seekingalpha.com published article titled: “Oracle: A Clear Future Ahead?”, Seekingalpha.com published: “Oracle: A Tech Giant Set To Soar” on May 04, 2017. More interesting news about Oracle Corporation (NYSE:ORCL) was released by: Seekingalpha.com and their article: “Are Oracle’s Dividends Worth It?” with publication date: April 28, 2017.

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