Equities Analysts Set Expectations for Accenture PLC’s FY2018 Earnings (ACN)

Accenture PLC (NYSE:ACN) – Equities researchers at SunTrust Banks raised their FY2018 earnings estimates for shares of Accenture PLC in a note issued to investors on Monday. SunTrust Banks analyst F. Atkins now anticipates that the information technology services provider will post earnings of $6.44 per share for the year, up from their prior estimate of $6.42. SunTrust Banks currently has a “Hold” rating and a $130.00 price target on the stock. SunTrust Banks also issued estimates for Accenture PLC’s Q4 2018 earnings at $1.68 EPS.

Accenture PLC (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.52. The company had revenue of $8.87 billion for the quarter, compared to analysts’ expectations of $8.82 billion. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. Accenture PLC’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.41 earnings per share. TRADEMARK VIOLATION WARNING: “Equities Analysts Set Expectations for Accenture PLC’s FY2018 Earnings (ACN)” was first reported by Stock Observer and is the sole property of of Stock Observer. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.thestockobserver.com/2017/07/18/equities-analysts-set-expectations-for-accenture-plcs-fy2018-earnings-acn-updated-updated.html.

Several other analysts also recently issued reports on the company. Cowen and Company reissued an “outperform” rating and set a $135.00 target price (up previously from $131.00) on shares of Accenture PLC in a research note on Wednesday. Berenberg Bank set a $140.00 target price on Accenture PLC and gave the company a “buy” rating in a research note on Saturday. BMO Capital Markets reissued a “hold” rating and set a $130.00 target price (up previously from $125.00) on shares of Accenture PLC in a research note on Thursday, June 22nd. Morgan Stanley set a $132.00 target price on Accenture PLC and gave the company a “hold” rating in a research note on Friday, June 16th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $138.00 target price (up previously from $131.50) on shares of Accenture PLC in a research note on Friday, June 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Accenture PLC currently has a consensus rating of “Buy” and a consensus target price of $130.98.

Accenture PLC (NYSE:ACN) traded up 0.62% on Wednesday, hitting $122.95. 258,612 shares of the company traded hands. The firm has a market capitalization of $75.98 billion, a PE ratio of 21.77 and a beta of 1.11. The firm’s 50 day moving average price is $123.68 and its 200 day moving average price is $120.46. Accenture PLC has a 1-year low of $108.66 and a 1-year high of $128.47.

In other news, insider Daniel T. London sold 697 shares of the business’s stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of $117.29, for a total transaction of $81,751.13. Following the transaction, the insider now owns 27,179 shares of the company’s stock, valued at approximately $3,187,824.91. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Pierre Nanterme sold 40,134 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $123.02, for a total value of $4,937,284.68. Following the transaction, the chief executive officer now directly owns 222,362 shares in the company, valued at approximately $27,354,973.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,754 shares of company stock worth $8,426,857. Corporate insiders own 0.21% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in ACN. Iberiabank Corp boosted its position in Accenture PLC by 9.5% in the fourth quarter. Iberiabank Corp now owns 2,165 shares of the information technology services provider’s stock worth $254,000 after buying an additional 188 shares during the last quarter. Fiduciary Management Inc. WI boosted its position in Accenture PLC by 1.0% in the fourth quarter. Fiduciary Management Inc. WI now owns 6,805,012 shares of the information technology services provider’s stock worth $797,071,000 after buying an additional 67,897 shares during the last quarter. Brown Advisory Inc. boosted its position in Accenture PLC by 1.7% in the fourth quarter. Brown Advisory Inc. now owns 1,247,666 shares of the information technology services provider’s stock worth $146,140,000 after buying an additional 21,341 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in Accenture PLC by 1,695.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,183,613 shares of the information technology services provider’s stock worth $138,626,000 after buying an additional 1,117,689 shares during the last quarter. Finally, Stellar Capital Management LLC acquired a new position in Accenture PLC during the fourth quarter worth about $2,305,000. 78.57% of the stock is currently owned by hedge funds and other institutional investors.

Accenture PLC 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.

Earnings History and Estimates for Accenture PLC (NYSE:ACN)

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

Leave a Reply