Oracle (ORCL:NYE) has had its FY2023 EPS estimates raised by investment analysts at DA Davidson, following a research note issued to investors on March 10.
Analyst G. Luria now predicts that the enterprise software provider will earn $4.08 per share for the year, up from the previous estimate of $3.86.
DA Davidson has assigned Oracle stock a “Neutral” rating and an $85.00 price target. The consensus estimate for Oracle’s current full-year earnings is $3.95 per share.
DA Davidson also issued estimates for Oracle’s Q4 2023 earnings at $1.35 EPS and FY2024 earnings at $4.37 EPS. Oracle stock opened at $84.07 on Monday and has a 12-month low of $60.78 and a 12-month high of $91.22.
The company has a market capitalization of $226.67bn, a PE ratio of 27.75, a price-to-earnings-growth ratio of 2.68, and a beta of 1.02. The firm also recently announced a quarterly dividend, which will be paid on April 24.
Stockholders of record on April 11 will be given a dividend of $0.40 per share. This is an increase from Oracle’s previous quarterly dividend of $0.32.
Company Profile:
Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering includes 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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.
The company markets and sells its cloud, license, hardware, support, and services offerings directly to businesses in various industries, government agencies, and educational institutions, as well as through indirect channels. Oracle Corporation was founded in 1977 and is headquartered in Austin, Texas.
