Wall Street brokerages forecast that Accenture Plc (NYSE:ACN) will announce earnings per share (EPS) of $1.71 for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Accenture’s earnings, with the lowest EPS estimate coming in at $1.66 and the highest estimate coming in at $1.76. Accenture reported earnings of $1.52 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.5%. The business is scheduled to report its next quarterly earnings results on Thursday, June 28th.
On average, analysts expect that Accenture will report full-year earnings of $6.68 per share for the current fiscal year, with EPS estimates ranging from $6.55 to $6.75. For the next fiscal year, analysts anticipate that the business will post earnings of $7.27 per share, with EPS estimates ranging from $7.04 to $7.43. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Accenture.
Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, March 22nd. The information technology services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $9.31 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. The firm’s revenue was up 15.2% on a year-over-year basis.
A number of research firms recently commented on ACN. KeyCorp increased their price objective on Accenture from $172.00 to $181.00 and gave the stock a “positive” rating in a report on Monday, March 19th. Pivotal Research restated a “buy” rating and issued a $180.00 price objective on shares of Accenture in a report on Wednesday, April 11th. Cantor Fitzgerald restated a “buy” rating and issued a $180.00 price objective on shares of Accenture in a report on Wednesday, April 25th. Credit Suisse Group set a $151.00 price objective on Accenture and gave the stock a “hold” rating in a report on Thursday, April 26th. Finally, Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $161.37.
Accenture traded down $0.02, reaching $155.31, during mid-day trading on Wednesday, MarketBeat reports. The stock had a trading volume of 1,673,404 shares, compared to its average volume of 2,243,605. Accenture has a fifty-two week low of $119.10 and a fifty-two week high of $165.58. The company has a market capitalization of $99.70 billion, a P/E ratio of 26.28, a P/E/G ratio of 2.35 and a beta of 1.03.
In other news, insider Jean-Marc Ollagnier sold 1,637 shares of the 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 completion of the sale, the insider now directly owns 186,112 shares of the company’s stock, valued at $28,078,717.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Pierre Nanterme sold 36,858 shares of the stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $150.80, for a total value of $5,558,186.40. Following the completion of the sale, the chief executive officer now directly owns 357,405 shares of the company’s stock, valued at $53,896,674. The disclosure for this sale can be found here. Insiders sold 53,828 shares of company stock valued at $8,145,630 over the last three months. 0.21% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Farmers National Bank bought a new position in Accenture in the fourth quarter worth $107,000. BDO Wealth Advisors LLC lifted its position in Accenture by 105.3% in the first 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 during the period. Penserra Capital Management LLC bought a new position in Accenture in the first quarter worth $127,000. Virtue Capital Management LLC bought a new position in Accenture in the fourth quarter worth $128,000. Finally, Aevitas Wealth Management Inc. bought a new position in Accenture in the fourth quarter worth $131,000. 73.99% of the stock is owned by institutional investors.
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.
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