Oracle Corporation (NYSE:ORCL) Declares Quarterly Dividend of $0.50

Key Points

• Oracle declared a quarterly dividend of $0.50 per share, payable October 23 to shareholders of record October 9. The dividend implies $2.00 annually and a 1.3% yield.
• The dividend appears well covered, with a 24.6% payout ratio and an expected future payout ratio of 22.1%, although dividend growth has been minimal in recent years.
• Oracle exceeded quarterly expectations, reporting $1.92 in adjusted EPS and $19.34 billion in revenue, with revenue up 29.6% year over year. Analysts maintain a “Moderate Buy” consensus rating and an average price target of $257.86.

Oracle Corporation (NYSE:ORCL - Get Free Report) announced a quarterly dividend on Wednesday, September 9th. Shareholders of record on Friday, October 9th will be paid a dividend of 0.50 per share by the enterprise software provider on Friday, October 23rd. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, October 9th.

Oracle has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Oracle has a payout ratio of 24.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Oracle to earn $9.03 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 22.1%.

Oracle Stock Performance

NYSE ORCL opened at $153.17 on Friday. The company's fifty day moving average is $140.88 and its two-hundred day moving average is $160.46. Oracle has a 52-week low of $114.50 and a 52-week high of $331.00. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $441.20 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 1.20 and a beta of 1.74.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Thursday, September 10th. The enterprise software provider reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.18. Oracle had a net margin of 25.37% and a return on equity of 58.62%. The business had revenue of $19.34 billion during the quarter, compared to analyst estimates of $19.13 billion. During the same quarter in the prior year, the business earned $1.47 earnings per share. The firm's revenue for the quarter was up 29.6% on a year-over-year basis. Oracle has set its Q2 2027 guidance at 1.850-1.930 EPS and its FY 2027 guidance at 8.100-8.100 EPS. Equities research analysts forecast that Oracle will post 6.51 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ORCL shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $190.00 price target on shares of Oracle in a report on Friday, September 4th. Moffett Nathanson set a $325.00 price objective on Oracle in a research report on Thursday, June 11th. KeyCorp restated an "overweight" rating on shares of Oracle in a research note on Thursday, June 11th. Jefferies Financial Group reduced their target price on Oracle from $320.00 to $290.00 and set a "buy" rating for the company in a research report on Wednesday, September 2nd. Finally, UBS Group reiterated an "outperform" rating on shares of Oracle in a research note on Friday, August 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $257.86.

About Oracle

Oracle Corporation is a global enterprise technology company that develops and provides database software, cloud infrastructure, business applications and related technology services. Its offerings help organizations manage data, run applications, support business operations and build technology environments across on-premises, hybrid and cloud-based settings.

The company's products include Oracle Database, MySQL, Java, Oracle Cloud Infrastructure and a broad portfolio of cloud applications for enterprise resource planning, financial management, human resources, supply chain management, customer experience and industry-specific operations.

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