[at TheStreet] – NEW YORK ( TheStreet ) — SAP , long the main rival to Oracle in the database applications space, is rising today after reporting double-digit growth in the third quarter . More important than the growth …
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Oracle Corporation (ORCL), with a current value of $150.08B, opened at $33.09.
Today, shares have traded between $32.88 and $33.14 per share and has traded between $29.52 and $36.43 over the past 12 months.
Priced at 11.36x this year’s forecasted earnings, ORCL shares are relatively expensive compared to the industry’s -18.99x forward p/e ratio.
The company pays shareholders $0.48 per share in dividend income per year, for a current yield of 1.50%.
In a review of the consensus earnings estimate this quarter, 34 sell-side analysts are looking at $0.67 per share, which would be $0.03 better than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.90 would be a $0.22 improvement when compared to the previous year’s annual results.
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.
In terms of ratings, BMO Capital Markets upgraded ORCL from Market Perform to Outperform (Feb 1, 2013).
Previously, RBC Capital Mkts upgraded ORCL from Sector Perform to Outperform.
The average price target for ORCL shares by the analysts covering it is $36.23, which is 9.49% above where the stock opened.
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) .