Zacks: Brokerages Expect Accenture plc (NYSE:ACN) to Announce $2.84 EPS

Wall Street analysts expect that Accenture plc (NYSE:ACNGet Rating) will report earnings per share of $2.84 for the current fiscal quarter, according to Zacks Investment Research. 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 of $2.40 per share in the same quarter last year, which suggests a positive year over year growth rate of 18.3%. The business is expected to issue 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 financial year, analysts forecast that the business will post earnings of $12.00 per share, with EPS estimates ranging from $11.51 to $12.60. Zacks Investment Research’s earnings per share calculations are a mean 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 EPS for the quarter, beating the 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 firm had revenue of $15.05 billion for the quarter, compared to analyst estimates of $14.67 billion. During the same period last year, the firm earned $2.03 EPS. The business’s quarterly revenue was up 24.5% compared to the same quarter last year.

Several equities analysts have commented on ACN shares. Citigroup raised their target price on shares of Accenture from $390.00 to $460.00 and gave the company a “buy” rating in a report on Friday, December 17th. Barclays raised their price target on shares of Accenture from $384.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, December 20th. Robert W. Baird raised their price target on shares of Accenture from $360.00 to $378.00 and gave the company a “neutral” rating in a research note on Friday, April 8th. Wolfe Research raised their price target on shares of Accenture from $380.00 to $420.00 and gave the company a “peer perform” rating in a research note on Friday, December 17th. Finally, Zacks Investment Research downgraded shares of Accenture from a “buy” rating to a “hold” rating and set a $323.00 price target on the stock. in a research note on Tuesday, March 15th. Eight investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $383.35.

ACN stock opened at $319.47 on Wednesday. Accenture has a 12 month low of $276.88 and a 12 month high of $417.37. The firm has a market cap of $202.52 billion, a P/E ratio of 32.20, a P/E/G ratio of 2.96 and a beta of 1.24. The company’s 50-day moving average price is $325.44 and its two-hundred day moving average price is $349.38.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 13th. Stockholders of record on Thursday, April 14th will be paid a $0.97 dividend. The ex-dividend date of this dividend 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%.

In other Accenture news, CEO Julie Spellman Sweet sold 3,742 shares of the company’s stock in a transaction on Thursday, February 3rd. The shares were sold at an average price of $348.72, for a total transaction of $1,304,910.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ellyn Shook sold 1,500 shares of the firm’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 sold a total of 13,242 shares of company stock valued at $4,612,959 in the last quarter. 0.07% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Boston Common Asset Management LLC lifted its holdings in shares of Accenture by 1.3% in the third 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 lifted its holdings in shares of Accenture by 0.3% in 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 purchasing an additional 27 shares in the last quarter. Beacon Investment Advisory Services Inc. lifted its holdings 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 in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings 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 in the last quarter. Finally, Mayflower Financial Advisors LLC lifted its holdings in Accenture by 2.1% during 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 period. 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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