Accenture (NYSE:ACN) Posts Earnings Results, Beats Expectations By $0.10 EPS

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.

In related news, insider Daniel T. London sold 5,421 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $185.69, for a total transaction of $1,006,625.49. Following the sale, the insider now directly owns 31,698 shares in the company, valued at $5,886,001.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Joel Unruch sold 804 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $186.68, for a total transaction of $150,090.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,014 shares of company stock worth $6,859,750. Insiders own 0.10% of the company’s stock.

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 for Accenture (NYSE:ACN)

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