Stock Update (NYSE:ORCL): Oracle (ORCL) Stock Surges Ahead of Earnings Release

[at TheStreet] – Oracle (ORCL) stock is climbing ahead of its earnings release on Wednesday after the market close. Read more on this. Oracle Corporation (ORCL) , valued at $162.95B, started trading this morning at $38.10. Shares have traded today between $37.95 and $38.53 per share with a trailing 52-week range being $35.14 to $46.71. Oracle (ORCL) shares are currently priced at 14.48x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.90x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $0.60 per share annually in dividends, yielding 1.61%. In a review of the consensus earnings estimate this quarter, 33 sell-side analysts are looking at $0.60 per share, which would be $0.09 worse than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $2.60, which would be a $0.17 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.06 Billion. If reported, that would be a 5.72% decrease over the year-ago quarter. Recently, Jefferies upgraded ORCL from Hold to Buy (Jul 30, 2015). Previously, Wunderlich Initiated ORCL at to Hold. The average price target for ORCL shares by the analysts covering it is $44.15, which is 15.88% above where the stock opened. See more in (NYSE:ORCL) Similar Articles: Stock Update (NYSE:ORCL): Oracle (ORCL) Stock Climbs Ahead of Earnings Release Company Update (NYSE:ORCL): Oracle (ORCL) Stock Continues to Fall on Mixed Earnings Company Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Tanking Following Earnings Miss