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Oracle Corporation (ORCL), with a current market cap of $165.14B, opened this morning at $36.12.
A quick look at the market, the company’s traded between $36.11 to $36.74 with its 52-week range being $29.86 to $38.77.
ORCL shares are currently priced at 11.46x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.62x earnings multiple.
The company pays shareholders $0.48 per share annually in dividends, yielding 1.30%.
In a review of the consensus earnings estimate this quarter, 34 sell-side analysts are looking at $0.56 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 $2.88 would be a $0.20 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 $8.48 Billion. If realized, that would be a 3.29% increase over the year-ago quarter.
In terms of ratings, Deutsche Bank upgraded ORCL from Hold to Buy (Jan 23, 2014). Previously, RBC Capital Mkts downgraded ORCL from Outperform to Sector Perform.
When considering if perhaps the stock is under or overvalued, the average price target is $38.86, which is 7.59% 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) .