Company Update: Oracle Corporation (NYSE:ORCL) – Strategy To YieldBoost Oracle From 1.3% To 4.1% Using Options

Oracle Corporation (NYSE:ORCL) [at TheStreet] – Shareholders of Oracle looking to boost their income beyond the stock’s 1.3% annualized dividend yield can sell the January 2016 covered call at the $45 strike and collect the premium based on the $2.05 …
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Oracle Corporation (ORCL), valued at $171.45B, opened this morning at $37.80.
 
During today’s session, ORCL traded between $37.66 to $38.25 with a trailing 52-week range being $29.86 to $38.77.
 
ORCL shares are currently priced at 12.96x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -9.20x earnings multiple.
 
And for those looking to make a return holding the stock, the company pays shareholders $0.48 per share annually in dividends, yielding 1.30%.
 
Consensus earnings for the current quarter by the 33 sell-side analysts covering the stock is an estimate of $0.70 per share, which would be $0.05 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.92, which would be a $0.24 better when compared to the last year’s annual results.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $9.36 Billion. If realized, that would be a 4.35% increase over the year-ago quarter.
 
More recently, Deutsche Bank upgraded ORCL from Hold to Buy (Jan 23, 2014). Previously, RBC Capital Mkts downgraded ORCL from Outperform to Sector Perform.
 
Investors should keep in mind is that the average price target is $38.95, which is 3.04% 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) .

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