Wall Street analysts expect that Accenture Plc (NYSE:ACN) will announce earnings per share (EPS) of $1.88 for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Accenture’s earnings, with estimates ranging from $1.85 to $1.95. Accenture reported earnings of $1.79 per share during the same quarter last year, which indicates a positive year over year growth rate of 5%. The business is scheduled to issue its next quarterly earnings results on Thursday, June 27th.
According to Zacks, analysts expect that Accenture will report full year earnings of $7.30 per share for the current year, with EPS estimates ranging from $7.27 to $7.45. For the next year, analysts anticipate that the firm will post earnings of $7.93 per share, with EPS estimates ranging from $7.80 to $8.12. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Accenture.
Accenture (NYSE:ACN) last issued its earnings results on Thursday, March 28th. The information technology services provider reported $1.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.16. The business had revenue of $10.45 billion for the quarter, compared to analyst estimates of $10.30 billion. Accenture had a net margin of 10.52% and a return on equity of 38.57%. Accenture’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.58 earnings per share.
ACN has been the topic of a number of research analyst reports. Citigroup cut their price objective on shares of Accenture from $172.00 to $161.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 19th. KeyCorp boosted their target price on Accenture from $173.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, March 29th. Cantor Fitzgerald upped their price target on Accenture from $185.00 to $199.00 and gave the stock an “overweight” rating in a research note on Friday, March 29th. ValuEngine lowered Accenture from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Wells Fargo & Co set a $165.00 price objective on Accenture and gave the company a “buy” rating in a research note on Thursday, December 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $182.42.
Shares of NYSE ACN traded up $0.99 during trading on Friday, hitting $178.15. 1,861,494 shares of the company traded hands, compared to its average volume of 2,292,030. Accenture has a fifty-two week low of $132.63 and a fifty-two week high of $178.42. The firm has a market capitalization of $117.68 billion, a P/E ratio of 26.43, a P/E/G ratio of 2.35 and a beta of 1.12.
The firm also recently declared a semiannual dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be given a $1.46 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a yield of 1.66%. Accenture’s payout ratio is 43.32%.
In other news, insider Ellyn Shook sold 2,343 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $175.83, for a total value of $411,969.69. Following the transaction, the insider now owns 33,545 shares in the company, valued at $5,898,217.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Johan Deblaere sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $175.80, for a total value of $527,400.00. Following the completion of the transaction, the chief operating officer now owns 74,937 shares in the company, valued at approximately $13,173,924.60. The disclosure for this sale can be found here. Insiders have sold a total of 19,924 shares of company stock valued at $3,115,279 in the last quarter. Company insiders own 0.18% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Accenture by 1.5% during the third quarter. Vanguard Group Inc. now owns 53,259,800 shares of the information technology services provider’s stock worth $9,064,818,000 after purchasing an additional 770,904 shares during the last quarter. Vanguard Group Inc lifted its position in shares of Accenture by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 53,259,800 shares of the information technology services provider’s stock worth $9,064,818,000 after buying an additional 770,904 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Accenture by 0.7% in the 4th quarter. BlackRock Inc. now owns 42,873,376 shares of the information technology services provider’s stock worth $6,045,575,000 after buying an additional 316,879 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Accenture by 10,215.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 24,674,776 shares of the information technology services provider’s stock worth $175,000 after buying an additional 24,435,584 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Accenture by 115,500.5% in the third quarter. Bank of New York Mellon Corp now owns 10,222,554 shares of the information technology services provider’s stock valued at $1,739,880,000 after acquiring an additional 10,213,711 shares in the last quarter. Institutional investors and hedge funds own 70.94% of the company’s stock.
Accenture Company Profile
Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.
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