Accenture plc (NYSE:ACN) Expected to Announce Earnings of $2.84 Per Share

Analysts expect that Accenture plc (NYSE:ACNGet Rating) will announce earnings of $2.84 per share for the current quarter, according to Zacks. Eight analysts have provided estimates for Accenture’s earnings. The highest EPS estimate is $2.97 and the lowest is $2.66. Accenture posted earnings per share of $2.40 during the same quarter last year, which would indicate a positive year over year growth rate of 18.3%. The firm is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Accenture will report full-year earnings of $10.80 per share for the current financial year, with EPS estimates ranging from $10.66 to $11.01. For the next fiscal year, analysts expect that the business will post earnings of $12.00 per share, with EPS estimates ranging from $11.51 to $12.60. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Accenture.

Accenture (NYSE:ACNGet Rating) last released its earnings results on Thursday, March 17th. The information technology services provider reported $2.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.37 by $0.17. Accenture had a net margin of 11.28% and a return on equity of 31.16%. The company had revenue of $15.05 billion for the quarter, compared to the consensus estimate of $14.67 billion. During the same quarter in the previous year, the company earned $2.03 EPS. Accenture’s quarterly revenue was up 24.5% compared to the same quarter last year.

Several brokerages have issued reports on ACN. Stifel Nicolaus lowered their target price on Accenture from $440.00 to $368.00 in a research note on Thursday, March 17th. Citigroup boosted their target price on Accenture from $390.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, December 17th. Deutsche Bank Aktiengesellschaft upped their price objective on Accenture from $395.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, December 17th. Zacks Investment Research cut Accenture from a “buy” rating to a “hold” rating and set a $323.00 target price for the company. in a report on Tuesday, March 15th. Finally, Bank of America upped their price target on Accenture from $391.00 to $443.00 and gave the company a “buy” rating in a research report on Friday, December 17th. Eight analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $383.35.

In other Accenture news, insider James O. Etheredge sold 1,952 shares of the business’s stock in a transaction that occurred on Thursday, February 3rd. The shares were sold at an average price of $348.64, for a total transaction of $680,545.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ellyn Shook sold 1,500 shares of the company’s stock in a transaction on Monday, January 31st. The shares were sold at an average price of $350.00, for a total transaction of $525,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 13,242 shares of company stock worth $4,612,959 over the last quarter. 0.07% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in ACN. Boston Common Asset Management LLC boosted its position in shares of Accenture by 1.3% during the 3rd quarter. Boston Common Asset Management LLC now owns 2,127 shares of the information technology services provider’s stock valued at $680,000 after purchasing an additional 27 shares in the last quarter. Profund Advisors LLC raised its position in Accenture by 0.3% during the third quarter. Profund Advisors LLC now owns 9,117 shares of the information technology services provider’s stock valued at $2,917,000 after acquiring an additional 27 shares in the last quarter. Beacon Investment Advisory Services Inc. raised its position in shares of Accenture by 1.2% in the third quarter. Beacon Investment Advisory Services Inc. now owns 2,355 shares of the information technology services provider’s stock valued at $753,000 after purchasing an additional 28 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in shares of Accenture by 4.4% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 662 shares of the information technology services provider’s stock valued at $212,000 after purchasing an additional 28 shares during the period. Finally, Mayflower Financial Advisors LLC grew its stake in shares of Accenture by 2.1% in the third quarter. Mayflower Financial Advisors LLC now owns 1,411 shares of the information technology services provider’s stock worth $494,000 after acquiring an additional 29 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:ACN opened at $319.47 on Wednesday. The business’s 50 day moving average is $325.44 and its 200 day moving average is $349.38. The stock has a market cap of $202.52 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 2.96 and a beta of 1.24. Accenture has a 12-month low of $276.88 and a 12-month high of $417.37.

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

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.

Recommended Stories

Get a free copy of the Zacks research report on Accenture (ACN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.