[Thomson Reuters ONE] – ONESOURCE Indirect Tax customers can now virtually seamlessly upgrade to the latest version of Oracle applications New York, October 10, 2013 – Thomson Reuters today announced the successful completion …
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Oracle Corporation (ORCL), currently valued at $148.76B, opened this morning at $32.48.
Today’s price range has been between $32.34 and $32.72 per share with the price of the stock fluctuating between $29.52 to $36.43.
Priced at 11.32x this year’s forecasted earnings, ORCL shares are relatively expensive compared to the industry’s -11.12x forward p/e ratio.
And for those looking to make a return holding the stock, the company pays shareholders $0.48 per share annually in dividends, yielding 1.40% .
Consensus earnings for the current quarter by the 34 sell-side analysts covering the stock is an estimate of $0.67 per share, which would be $0.03 better than the year-ago quarter but a $0.02 sequential decrease. The full-year EPS estimate is $2.90, which would be $0.22 better than last year.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $9.18 Billion. If realized, that would be a 0.77% increase over the year-ago quarter.
More recently, BMO Capital Markets upgraded (ORCL) from Market Perform to Outperform (Feb 1, 2013).
Previously, RBC Capital Mkts upgraded (ORCL) from Sector Perform to Outperform. RBC Capital Mkts upgraded (ORCL) from Sector Perform to Outperform.
The average price target for ORCL shares is $36.12, which is 11.21% above where the stock opened this morning.
Oracle Corporation (NYSE:ORCL), develops, manufactures, markets, hosts and supports database and middleware software, applications software and hardware systems. It licenses database and middleware software, including database and database management, application server and cloud application, service-oriented architecture and much more.
Tag Helper ~ Stock Code: ORCL | Common Company name: Oracle | Full Company name: Oracle Corporation (NYSE:ORCL) .