Q2 2018 EPS Estimates for Accenture Plc Increased by Analyst (ACN)

Accenture Plc (NYSE:ACN) – Research analysts at Wedbush upped their Q2 2018 earnings per share (EPS) estimates for shares of Accenture in a research note issued on Thursday, according to Zacks Investment Research. Wedbush analyst M. Katri now forecasts that the information technology services provider will earn $1.48 per share for the quarter, up from their prior forecast of $1.45. Wedbush also issued estimates for Accenture’s Q3 2018 earnings at $1.75 EPS, Q4 2018 earnings at $1.76 EPS, FY2018 earnings at $6.77 EPS, Q1 2019 earnings at $1.88 EPS, Q2 2019 earnings at $1.62 EPS, Q3 2019 earnings at $1.91 EPS and FY2019 earnings at $7.39 EPS.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.12. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The business had revenue of $9.52 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter last year, the business posted $1.58 EPS. The business’s revenue was up 11.8% on a year-over-year basis.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a report on Tuesday, November 28th. Deutsche Bank raised their target price on Accenture to $165.00 in a research note on Monday, December 11th. KeyCorp restated a “buy” rating and issued a $149.00 target price on shares of Accenture in a research note on Sunday, October 29th. Pivotal Research initiated coverage on Accenture in a research note on Wednesday, November 8th. They issued a “buy” rating and a $165.00 target price for the company. Finally, Cowen set a $150.00 target price on Accenture and gave the company a “buy” rating in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $156.57.

Shares of Accenture (ACN) opened at $160.11 on Friday. Accenture has a fifty-two week low of $112.31 and a fifty-two week high of $160.63. The firm has a market capitalization of $102,640.00, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 2.40 and a beta of 1.08.

In other Accenture news, insider Richard P. Clark sold 1,754 shares of Accenture stock in a transaction on Monday, January 8th. The stock was sold at an average price of $158.39, for a total value of $277,816.06. Following the completion of the sale, the insider now owns 10,543 shares of the company’s stock, valued at approximately $1,669,905.77. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Richard P. Clark sold 1,433 shares of Accenture stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $158.37, for a total value of $226,944.21. Following the completion of the sale, the chief accounting officer now directly owns 8,932 shares of the company’s stock, valued at approximately $1,414,560.84. The disclosure for this sale can be found here. Insiders have sold 82,116 shares of company stock valued at $12,211,924 in the last quarter. 0.21% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Jacobi Capital Management LLC grew its holdings in shares of Accenture by 104.8% in the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after acquiring an additional 372 shares during the period. TCI Wealth Advisors Inc. grew its holdings in shares of Accenture by 23.4% in the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after acquiring an additional 162 shares during the period. Manchester Capital Management LLC grew its holdings in shares of Accenture by 7.0% in the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after acquiring an additional 60 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Accenture by 5.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock worth $127,000 after acquiring an additional 52 shares during the period. Finally, Captrust Financial Advisors bought a new stake in shares of Accenture in the second quarter worth $129,000. 75.23% of the stock is owned by institutional investors and hedge funds.

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About Accenture

Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.

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Earnings History and Estimates for Accenture (NYSE:ACN)

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