Accenture (NYSE:ACN) Releases FY 2022 Earnings Guidance

Accenture (NYSE:ACNGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $10.610-$10.810 for the period, compared to the Thomson Reuters consensus estimate of $9.680. The company issued revenue guidance of $62.66 billion-$63.67 billion, compared to the consensus revenue estimate of $55 billion.Accenture also updated its Q3 2022 guidance to EPS.

Shares of ACN opened at $319.47 on Friday. The firm has a market capitalization of $202.52 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 3.01 and a beta of 1.24. The business’s fifty day moving average price is $325.93 and its two-hundred day moving average price is $349.41. Accenture has a 52 week low of $276.88 and a 52 week high of $417.37.

Accenture (NYSE:ACNGet Rating) last announced its quarterly earnings data on Thursday, March 17th. The information technology services provider reported $2.54 EPS for the quarter, beating the Zacks’ consensus estimate of $2.37 by $0.17. The firm had revenue of $15.05 billion for the quarter, compared to analyst estimates of $14.67 billion. Accenture had a return on equity of 31.16% and a net margin of 11.28%. The business’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same period last year, the company earned $2.03 EPS. On average, equities analysts forecast that Accenture will post 10.8 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 13th. Stockholders of record on Thursday, April 14th will be given a $0.97 dividend. The ex-dividend date is Wednesday, April 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.21%. Accenture’s dividend payout ratio is currently 39.11%.

Several research analysts have recently issued reports on ACN shares. Wolfe Research raised their price target on Accenture from $380.00 to $420.00 and gave the stock a peer perform rating in a research report on Friday, December 17th. Royal Bank of Canada raised their price target on Accenture from $430.00 to $435.00 and gave the stock an outperform rating in a research report on Friday, March 18th. Piper Sandler reduced their price target on Accenture from $433.00 to $368.00 and set a neutral rating on the stock in a research report on Friday, March 18th. The Goldman Sachs Group reduced their target price on Accenture from $446.00 to $386.00 and set a neutral rating on the stock in a report on Tuesday, March 15th. Finally, BMO Capital Markets reduced their target price on Accenture from $460.00 to $385.00 in a report on Friday, March 18th. Eight research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, Accenture has an average rating of Buy and an average price target of $383.35.

In other news, CAO Richard P. Clark sold 2,902 shares of the business’s stock in a transaction that occurred on Thursday, February 3rd. The stock was sold at an average price of $348.66, for a total transaction of $1,011,811.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kathleen R. Mcclure sold 1,646 shares of the business’s stock in a transaction that occurred on Wednesday, February 9th. The stock was sold at an average price of $352.79, for a total value of $580,692.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,242 shares of company stock worth $4,612,959. 0.07% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of ACN. GAM Holding AG boosted its stake in shares of Accenture by 318.9% in the fourth quarter. GAM Holding AG now owns 90,113 shares of the information technology services provider’s stock valued at $37,356,000 after buying an additional 68,601 shares during the period. Lombard Odier Asset Management USA Corp acquired a new position in Accenture during the fourth quarter valued at approximately $684,000. OLD Mission Capital LLC acquired a new position in Accenture during the third quarter valued at approximately $223,000. Zullo Investment Group Inc. acquired a new position in Accenture during the fourth quarter valued at approximately $224,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in Accenture during the fourth quarter valued at approximately $216,000. Institutional investors own 73.33% of the company’s stock.

Accenture Company Profile (Get Rating)

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions.

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Earnings History and Estimates for Accenture (NYSE:ACN)

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