Wall Street brokerages expect Accenture Plc (NYSE:ACN) to announce earnings per share (EPS) of $1.49 for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for Accenture’s earnings, with the lowest EPS estimate coming in at $1.47 and the highest estimate coming in at $1.53. Accenture reported earnings per share of $1.33 during the same quarter last year, which would suggest a positive year-over-year growth rate of 12%. The company is scheduled to issue its next quarterly earnings results before the market opens on Thursday, March 22nd.
On average, analysts expect that Accenture will report full year earnings of $6.65 per share for the current year, with EPS estimates ranging from $6.55 to $6.74. For the next financial year, analysts forecast that the company will post earnings of $7.20 per share, with EPS estimates ranging from $7.00 to $7.43. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Accenture.
Accenture (NYSE:ACN) last posted its quarterly earnings results 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. The company had revenue of $9.52 billion during the quarter, compared to the consensus estimate of $9.25 billion. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 EPS.
ACN has been the topic of a number of research reports. Robert W. Baird reissued a “hold” rating and set a $155.00 price objective on shares of Accenture in a report on Thursday, December 7th. Pivotal Research set a $180.00 price objective on Accenture and gave the company a “buy” rating in a report on Wednesday, January 3rd. KeyCorp reissued a “buy” rating and set a $149.00 price objective on shares of Accenture in a report on Sunday, October 29th. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $172.00 price objective on the stock in a report on Wednesday, December 27th. Finally, Bank of America raised their price objective on Accenture from $150.00 to $171.00 in a report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $156.57.
In other news, CFO David Rowland sold 3,102 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $161.21, for a total transaction of $500,073.42. Following the transaction, the chief financial officer now directly owns 25,012 shares of the company’s stock, valued at $4,032,184.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ellyn Shook sold 4,375 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $159.25, for a total value of $696,718.75. Following the transaction, the insider now directly owns 41,595 shares in the company, valued at $6,624,003.75. The disclosure for this sale can be found here. Insiders have sold 117,249 shares of company stock worth $18,106,228 over the last three months. Insiders own 0.21% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of ACN. Eagle Ridge Investment Management bought a new stake in shares of Accenture during the third quarter valued at approximately $359,000. Atlanta Capital Management Co. L L C boosted its position in shares of Accenture by 4.6% during the third quarter. Atlanta Capital Management Co. L L C now owns 580,977 shares of the information technology services provider’s stock valued at $78,472,000 after purchasing an additional 25,671 shares in the last quarter. Koch Industries Inc. boosted its position in shares of Accenture by 18,227.9% during the second quarter. Koch Industries Inc. now owns 329,903 shares of the information technology services provider’s stock valued at $327,000 after purchasing an additional 328,103 shares in the last quarter. MU Investments Co. Ltd. bought a new stake in shares of Accenture during the fourth quarter valued at approximately $5,654,000. Finally, Lenox Wealth Management Inc. bought a new stake in shares of Accenture during the second quarter valued at approximately $1,591,000. 74.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Accenture (NYSE ACN) traded up $1.37 during midday trading on Tuesday, hitting $161.69. The company had a trading volume of 583,900 shares, compared to its average volume of 2,147,624. The stock has a market cap of $101,936.71, a PE ratio of 28.65, a price-to-earnings-growth ratio of 2.41 and a beta of 1.05. Accenture has a 52 week low of $114.82 and a 52 week high of $163.76.
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Accenture Company Profile
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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