Company Update: Oracle Corporation (NYSE:ORCL) – Here’s Why Oracle Belongs in Your Portfolio In 2016

[at TheStreet] – Good luck finding a safer long-term value play in the tech sector than Oracle. Read more on this. Oracle Corporation (ORCL) , with a current market cap of $155.53B, started trading this morning at $36.66. Looking at today’s trading action, the company’s one day range from $36.65 to $37.22 with its 52-week range being $35.14 to $46.71. ORCL shares are currently priced at 14.07x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.02x earnings multiple for the same period. The company pays shareholders $0.60 per share in dividend income per year, for a current yield of 1.65%. In a review of the consensus earnings estimate this quarter, 33 sell-side analysts are looking at $0.62 per share, which would be $0.06 worse than the year-ago quarter and a $0.04 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 based on a consensus revenue forecast of the current quarter of $9.13 Billion. If realized, that would be a 2.14% decrease over the year-ago quarter. In terms of ratings, Jefferies upgraded ORCL from Hold to Buy (Jul 30, 2015). Previously, Wunderlich Initiated ORCL at to Hold. When considering if perhaps the stock is under or overvalued, the average price target is $44.00, which is 20.02% above where the stock opened this morning. See more in (NYSE:ORCL) Similar Articles: Stock Update: Oracle Corporation (NYSE:ORCL) – Oracle Announces Date for Oracle HCM World 2016, Opens Call for Papers Company Update: Oracle Corporation (NYSE:ORCL) – What to Expect When Oracle (ORCL) Reports Earnings Tomorrow Company Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Down on Maxymiser Acquisition
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.