Zacks: Analysts Anticipate Accenture Plc (ACN) Will Announce Earnings of $1.84 Per Share

Analysts expect Accenture Plc (NYSE:ACN) to post $1.84 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Accenture’s earnings, with the highest EPS estimate coming in at $1.88 and the lowest estimate coming in at $1.82. Accenture posted earnings per share of $1.79 during the same quarter last year, which indicates a positive year-over-year growth rate of 2.8%. The business is scheduled to announce its next earnings results on Thursday, December 20th.

On average, analysts expect that Accenture will report full-year earnings of $7.21 per share for the current financial year, with EPS estimates ranging from $7.15 to $7.42. For the next financial year, analysts forecast that the company will post earnings of $7.90 per share, with EPS estimates ranging from $7.74 to $8.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Accenture.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.02. Accenture had a return on equity of 41.92% and a net margin of 9.76%. The business had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $10.01 billion. During the same period in the previous year, the business posted $1.48 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year.

ACN has been the subject of a number of research analyst reports. Deutsche Bank lifted their price target on Accenture from $170.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, September 20th. Pivotal Research set a $180.00 price target on Accenture and gave the company a “buy” rating in a report on Friday, June 29th. Berenberg Bank raised Accenture to a “buy” rating and set a $190.00 price target for the company in a report on Thursday, September 27th. Argus reaffirmed a “buy” rating on shares of Accenture in a report on Monday, October 1st. Finally, Moffett Nathanson started coverage on Accenture in a research report on Thursday, October 4th. They issued a “buy” rating and a $200.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $176.37.

In other Accenture news, CEO Pierre Nanterme sold 30,117 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $173.45, for a total value of $5,223,793.65. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Arun Sarin sold 1,170 shares of the business’s stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $171.40, for a total value of $200,538.00. Following the completion of the sale, the director now owns 4,582 shares in the company, valued at approximately $785,354.80. The disclosure for this sale can be found here. Insiders sold a total of 47,567 shares of company stock valued at $8,133,217 over the last quarter. 0.21% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WP Advisors LLC bought a new stake in shares of Accenture during the 2nd quarter worth approximately $106,000. BDO Wealth Advisors LLC raised its stake in shares of Accenture by 105.3% during the 1st quarter. BDO Wealth Advisors LLC now owns 739 shares of the information technology services provider’s stock worth $113,000 after purchasing an additional 379 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in shares of Accenture during the 2nd quarter worth approximately $118,000. Fort L.P. bought a new stake in shares of Accenture during the 2nd quarter worth approximately $124,000. Finally, Valeo Financial Advisors LLC raised its stake in shares of Accenture by 48.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,010 shares of the information technology services provider’s stock worth $162,000 after purchasing an additional 329 shares in the last quarter. Hedge funds and other institutional investors own 70.30% of the company’s stock.

Accenture stock opened at $158.28 on Thursday. Accenture has a 12-month low of $138.05 and a 12-month high of $175.64. The stock has a market capitalization of $106.79 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98.

The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, October 18th will be given a $1.46 dividend. The ex-dividend date is Wednesday, October 17th. This is a positive change from Accenture’s previous semiannual dividend of $1.21. This represents a dividend yield of 1.68%. Accenture’s payout ratio is currently 43.32%.

Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

Further Reading: What is dollar cost averaging (DCA)?

Get a free copy of the Zacks research report on Accenture (ACN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply