Analysts expect that Accenture Plc (NYSE:ACN) will post sales of $10.02 billion for the current quarter, Zacks reports. Nine analysts have made estimates for Accenture’s earnings, with the highest sales estimate coming in at $10.11 billion and the lowest estimate coming in at $10.00 billion. Accenture posted sales of $8.87 billion during the same quarter last year, which suggests a positive year over year growth rate of 13%. The firm is scheduled to issue its next quarterly earnings report on Thursday, June 28th.
On average, analysts expect that Accenture will report full-year sales of $39.19 billion for the current financial year, with estimates ranging from $39.04 billion to $39.44 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $42.02 billion per share, with estimates ranging from $41.55 billion to $42.69 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Accenture.
Accenture (NYSE:ACN) last released its earnings results on Thursday, March 22nd. The information technology services provider reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.09. Accenture had a return on equity of 41.50% and a net margin of 9.18%. The firm had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.31 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. The company’s revenue was up 15.2% compared to the same quarter last year.
A number of brokerages have issued reports on ACN. William Blair reissued an “outperform” rating on shares of Accenture in a report on Thursday, March 22nd. KeyCorp boosted their price target on Accenture from $157.00 to $172.00 and gave the company an “overweight” rating in a report on Saturday, December 30th. SunTrust Banks reissued a “hold” rating and issued a $164.00 price target on shares of Accenture in a report on Thursday, December 21st. Barclays boosted their price target on Accenture from $135.00 to $152.00 and gave the company an “equal weight” rating in a report on Friday, December 22nd. Finally, Cowen reissued a “buy” rating and issued a $166.00 price target on shares of Accenture in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $161.80.
In related news, COO Johan Deblaere sold 55,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $154.24, for a total transaction of $8,483,200.00. Following the completion of the sale, the chief operating officer now directly owns 112,208 shares in the company, valued at $17,306,961.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jean-Marc Ollagnier sold 1,637 shares of the business’s stock in a transaction that occurred on Monday, March 26th. The stock was sold at an average price of $150.87, for a total value of $246,974.19. Following the sale, the insider now owns 186,112 shares of the company’s stock, valued at $28,078,717.44. The disclosure for this sale can be found here. Insiders sold 107,450 shares of company stock valued at $16,465,847 over the last 90 days. Company insiders own 0.21% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. MU Investments Co. Ltd. purchased a new stake in Accenture in the 4th quarter valued at $5,654,000. Deutsche Bank AG grew its holdings in Accenture by 34.3% in the 4th quarter. Deutsche Bank AG now owns 1,453,595 shares of the information technology services provider’s stock valued at $222,522,000 after buying an additional 370,895 shares in the last quarter. Somerset Trust Co purchased a new stake in Accenture in the 4th quarter valued at $1,522,000. Wealthfront Inc. lifted its stake in shares of Accenture by 9.6% in the 4th quarter. Wealthfront Inc. now owns 23,247 shares of the information technology services provider’s stock valued at $3,559,000 after purchasing an additional 2,043 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Accenture by 2.6% in the 4th quarter. Lazard Asset Management LLC now owns 4,338,133 shares of the information technology services provider’s stock valued at $664,123,000 after purchasing an additional 109,935 shares during the last quarter. Hedge funds and other institutional investors own 75.62% of the company’s stock.
Shares of Accenture stock traded up $2.77 on Friday, reaching $154.19. 1,314,059 shares of the stock were exchanged, compared to its average volume of 2,431,291. Accenture has a twelve month low of $115.39 and a twelve month high of $165.58. The company has a market capitalization of $95,374.29, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 2.25 and a beta of 1.04.
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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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