Background: Oracle is one of the world's leading suppliers of software for information management. Oracle trades an average of 19 million shares per day with a marketcap of $157 billion.
52-Week Range: $24.91 to $33.81Book Value: $8.91 Price to Book: 3.64 Wall Street is optimistic about Oracle's first-quarter earnings after the market closes on Sept. 20. Analysts' mean appraisal is presently 51 cents a share, a gain of 6 cents (11.8%) from 45 cents during the corresponding quarter last year. The last time Oracle released earnings was June 18, and the closing price was $27.12. Based on a recent price of $32.71, shares are up 20.6%. Analysts approve the direction Oracle is headed. Twenty-four of the 35 analysts covering the company give a buy recommendation, 11 analysts rate it a hold and none give it a sell rating. Twenty out of 35 analysts now rate ORCL a strong buy up from 19 analysts a month ago. Compared to three months ago, even more analysts are rating this company as a strong buy. The average analyst target price for ORCL is $33.86. Oracle is in a classic bull trend. The moving averages are moving higher and shareholders are happy. The 60-day moving average is above the 200-day moving average, which is highly bullish right along with the price traveling higher. Trend followers love this pattern and will hold a position until a technical break results in a signal to exit. The trailing 12-month price-to-earnings ratio is 13.7, the mean fiscal year estimate price-to-earnings ratio is 12.6, based on earnings of $2.57 per share this year. Oracle currently has an annualized dividend of 24 cents, yielding .74%. Not enough to influence a buying decision, but a nice bonus none the less. I use SEC.gov, Zacks.com, WSJ.com, Tradestation, and Reuters for my data. PE is generally adjusted PE based on an average number of shares. At the time of publication, the author held no positions in any of the stocks mentioned. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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