Company Update: Oracle Corporation (NYSE:ORCL) – Oracle to Present at Goldman Sachs Technology and Internet Conference 2016

[Marketwired] – Oracle Corporation today announced that Oracle Chief Executive Officer Mark Hurd will present at the Goldman Sachs Technology and Internet Conference 2016 on Tuesday, February 9, 2016, at 8:55 a.m. Pacific…. Read more on this. Oracle Corporation (ORCL) , with a current market cap of $146.12B, opened at $35.13. Looking at today’s market, ORCL one day range is $34.76 to $35.61 with a one year range of $33.13 to $45.24. ORCL shares are currently priced at 13.70x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 6.91x forward p/e ratio. The company pays shareholders $0.60 per share annually in dividends, yielding 1.68%. Consensus earnings for the current quarter by the 33 sell-side analysts covering the stock is an estimate of $0.62 per share, which would be $0.06 worse than the year-ago quarter and a $0.03 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 $9.13 Billion. If reported, that would be a 2.14% decrease over the year-ago quarter. More recently, BMO Capital Markets Initiated ORCL at Market Perform (Jan 8, 2016). Previously, Morgan Stanley downgraded ORCL from Overweight to Equal-Weight. The average price target for ORCL shares by the analysts covering it is $43.91, which is 24.99% above where the stock opened. See more in (NYSE:ORCL) Similar Articles: Company Update: Oracle Corporation (NYSE:ORCL) – Here’s Why Oracle Belongs in Your Portfolio In 2016 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