Accenture (NYSE:ACN) issued its quarterly earnings data on Thursday. The information technology services provider reported $2.09 EPS for the quarter, topping the consensus estimate of $1.99 by $0.10, Briefing.com reports. The firm had revenue of $11.36 billion for the quarter, compared to analyst estimates of $11.15 billion. Accenture had a net margin of 11.06% and a return on equity of 34.30%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.96 EPS.
Shares of NYSE ACN opened at $208.30 on Friday. The stock has a market cap of $131.37 billion, a P/E ratio of 28.30, a PEG ratio of 2.57 and a beta of 1.04. Accenture has a 12-month low of $132.63 and a 12-month high of $208.66. The business’s fifty day simple moving average is $197.43 and its 200-day simple moving average is $191.92.
ACN has been the topic of a number of research analyst reports. Citigroup boosted their target price on Accenture from $211.00 to $230.00 and gave the company a “buy” rating in a research report on Friday. Royal Bank of Canada restated a “buy” rating on shares of Accenture in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on Accenture from $216.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday. Cantor Fitzgerald set a $215.00 price objective on Accenture and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Barclays began coverage on Accenture in a report on Friday, September 20th. They issued an “overweight” rating and a $228.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $207.65.
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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