Oracle Co. (NYSE:ORCL) Declares $0.40 Quarterly Dividend

Oracle Co. (NYSE:ORCL - Get Free Report) announced a quarterly dividend on Monday, December 9th,Wall Street Journal reports. Investors of record on Thursday, January 23rd will be paid 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 dividend yield of 0.96%. The ex-dividend date is Friday, January 10th.

Oracle has increased its dividend payment by an average of 16.6% annually over the last three years and has raised its dividend every year for the last 15 years. Oracle has a dividend payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. 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 Stock Down 0.2 %

Shares of Oracle stock traded down $0.27 on Tuesday, reaching $166.64. The stock had a trading volume of 4,303,654 shares, compared to its average volume of 8,338,902. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $466.08 billion, a P/E ratio of 40.74, a P/E/G ratio of 3.39 and a beta of 1.03. The company has a 50 day moving average price of $179.06 and a 200 day moving average price of $159.81. Oracle has a 1 year low of $101.74 and a 1 year high of $198.31.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ORCL shares. TD Cowen boosted their price target on Oracle from $165.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, September 10th. Piper Sandler boosted their target price on shares of Oracle from $185.00 to $210.00 and gave the company an "overweight" rating in a research note on Tuesday, December 10th. Sanford C. Bernstein increased their price target on shares of Oracle from $201.00 to $202.00 and gave the stock an "outperform" rating in a report on Monday, September 30th. StockNews.com downgraded shares of Oracle from a "buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Finally, Jefferies Financial Group raised their target price on Oracle from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Oracle has an average rating of "Moderate Buy" and an average target price of $181.48.

About Oracle

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.