Analysts Expect Accenture Plc (NYSE:ACN) Will Post Earnings of $1.88 Per Share

Equities research analysts expect Accenture Plc (NYSE:ACN) to report earnings of $1.88 per share for the current quarter, Zacks reports. Eight analysts have provided estimates for Accenture’s earnings, with the highest EPS estimate coming in at $1.90 and the lowest estimate coming in at $1.85. Accenture posted earnings per share of $1.79 during the same quarter last year, which would suggest a positive year-over-year growth rate of 5%. The company is scheduled to issue its next quarterly earnings report before the market opens on Thursday, June 27th.

According to Zacks, analysts expect that Accenture will report full year earnings of $7.29 per share for the current financial year, with EPS estimates ranging from $7.27 to $7.32. For the next year, analysts anticipate that the firm will report earnings of $7.92 per share, with EPS estimates ranging from $7.80 to $8.04. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Accenture.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, March 28th. The information technology services provider reported $1.73 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.16. Accenture had a net margin of 10.52% and a return on equity of 38.57%. The company had revenue of $10.45 billion for the quarter, compared to analyst estimates of $10.30 billion. During the same period in the prior year, the firm posted $1.58 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis.



A number of equities research analysts have recently commented on ACN shares. KeyCorp upped their price objective on shares of Accenture from $173.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, March 29th. Cantor Fitzgerald upped their price objective on shares of Accenture from $185.00 to $199.00 and gave the company an “overweight” rating in a research note on Friday, March 29th. SunTrust Banks upped their price objective on shares of Accenture to $180.00 and gave the company a “hold” rating in a research note on Friday, March 29th. They noted that the move was a valuation call. UBS Group set a $180.00 price objective on shares of Accenture and gave the company a “hold” rating in a research note on Thursday, March 28th. Finally, Zacks Investment Research lowered shares of Accenture from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $184.11.

In related news, insider Richard Lumb sold 18,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $181.19, for a total transaction of $3,261,420.00. Following the transaction, the insider now owns 95,215 shares in the company, valued at approximately $17,252,005.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider ‘T Noordende Alexander M. Van sold 8,000 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $177.78, for a total transaction of $1,422,240.00. Following the transaction, the insider now owns 116,753 shares in the company, valued at approximately $20,756,348.34. The disclosure for this sale can be found here. Insiders have sold a total of 65,919 shares of company stock worth $11,695,852 in the last quarter. 0.18% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in ACN. Valley National Advisers Inc. raised its holdings in Accenture by 70.2% during the fourth quarter. Valley National Advisers Inc. now owns 177 shares of the information technology services provider’s stock worth $25,000 after buying an additional 73 shares during the last quarter. Truvestments Capital LLC acquired a new position in Accenture during the first quarter worth $27,000. Financial Gravity Wealth Inc. acquired a new position in Accenture during the first quarter worth $30,000. Semmax Financial Advisors Inc. acquired a new position in Accenture during the first quarter worth $32,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in Accenture by 455.9% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 189 shares of the information technology services provider’s stock worth $33,000 after buying an additional 155 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Shares of NYSE:ACN traded up $1.35 during trading on Friday, reaching $184.72. The stock had a trading volume of 46,925 shares, compared to its average volume of 1,892,249. Accenture has a 52 week low of $132.63 and a 52 week high of $186.68. The firm has a market cap of $123.94 billion, a P/E ratio of 27.42, a P/E/G ratio of 2.43 and a beta of 1.07.

The business also recently announced a semiannual dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 11th were given a dividend of $1.46 per share. The ex-dividend date was Wednesday, April 10th. This represents a dividend yield of 1.66%. Accenture’s payout ratio is presently 43.32%.

About Accenture

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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Earnings History and Estimates for Accenture (NYSE:ACN)

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