Stock Update (NYSE:ORCL): Oracle Gives Analysts Some Fun Watching Cloud Rising, Stock Too

[at Investor’s Business Daily] – After the hell that many hotshot software stocks have put investors through this young year, Wall Street analysts got a break. “Listening to Oracle (ORCL) conference calls is always a hoot,” … Read more on this. Oracle Corporation (ORCL) , valued at $168.97B, started the session at $39.55. Looking at today’s market, ORCL one day range is $39.53 to $40.95 with the price of the stock fluctuating between $33.13 to $45.24 over the last 52 weeks. Priced at 14.90x this year’s forecasted earnings, ORCL shares are relatively inexpensive compared to the industry’s 16.79x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.60 per share annually in dividends, yielding 1.54%. In a review of the consensus earnings estimate this quarter, 33 sell-side analysts are looking at $0.82 per share, which would be $0.04 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.60, which would be a $0.17 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.68 Billion. If reported, that would be a 0.28% decrease over the year-ago quarter. In terms of ratings, Macquarie Initiated ORCL at Outperform (Mar 4, 2016). Previously, BMO Capital Markets Initiated ORCL at to Market Perform. The average price target for ORCL shares is $43.50, which is 9.99% above where the stock opened this morning. See more in (NYSE:ORCL) Similar Articles: Company Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Jumps, Analysts Bullish Long Term Market Update: Oracle Corporation (NYSE:ORCL) – New Oracle PartnerNetwork Program Drives Partner Success in the Cloud Market Update: Oracle Corporation (NYSE:ORCL) – Clear Skies For Oracle Despite Cloud Revenue Struggles