Company Update: Oracle Corporation (NYSE:ORCL) – Are the Clouds Lifting for Oracle Stock?

[at TheStreet] – Oracle delivered an OK quarter, but the forward outlook was a bit cloudy. Here are a few reasons to be an Oracle optimist. Read more on this. Oracle Corporation (ORCL) , valued at $156.53B, opened this morning at $36.90. Looking at today’s market, ORCL one day range is $36.64 to $38.82 with the price of the stock fluctuating between $35.14 to $46.71 over the last 52 weeks. ORCL shares are currently priced at 14.20x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.45x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $0.60 per share annually in dividends, yielding 1.57%. 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. What we find to be interesting is that the full-year EPS estimate of $2.60 is a $0.17 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.14 Billion. If reported, that would be a 2.04% decrease over the year-ago quarter. More recently, Jefferies upgraded ORCL from Hold to Buy (Jul 30, 2015). Previously, Wunderlich Initiated ORCL at to Hold. Given all the information above, we should disclose to readers that the average price target is $43.94, which is 19.08% above than it opened this morning. See more in (NYSE:ORCL) Similar Articles: Market Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Falling on Rating Downgrade at JMP Securities 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