Brokerages forecast that Accenture plc (NYSE:ACN – Get Rating) will announce sales of $16.06 billion for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Accenture’s earnings. The highest sales estimate is $16.19 billion and the lowest is $15.92 billion. Accenture posted sales of $13.26 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.1%. The firm is expected to report its next earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Accenture will report full year sales of $62.08 billion for the current financial year, with estimates ranging from $61.66 billion to $62.48 billion. For the next financial year, analysts anticipate that the company will report sales of $68.10 billion, with estimates ranging from $66.72 billion to $70.77 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Accenture.
Accenture (NYSE:ACN – Get Rating) last issued its quarterly earnings results on Thursday, March 17th. The information technology services provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.18. The company 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 company’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 earnings per share.
NYSE:ACN opened at $291.55 on Friday. The business’s 50-day moving average price is $311.41 and its 200 day moving average price is $340.19. The firm has a market cap of $184.82 billion, a P/E ratio of 29.39, a PEG ratio of 2.53 and a beta of 1.24. Accenture has a 52-week low of $268.17 and a 52-week high of $417.37.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Thursday, April 14th were given a dividend of $0.97 per share. The ex-dividend date was Wednesday, April 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.33%. Accenture’s payout ratio is presently 39.11%.
In other news, insider Ellyn Shook sold 750 shares of Accenture stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $310.55, for a total transaction of $232,912.50. Following the completion of the sale, the insider now directly owns 21,846 shares in the company, valued at approximately $6,784,275.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction dated Monday, April 18th. The shares were sold at an average price of $315.13, for a total value of $1,969,562.50. Following the sale, the insider now owns 165,866 shares of the company’s stock, valued at $52,269,352.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,757 shares of company stock valued at $3,386,681. 0.07% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Equitable Holdings Inc. raised its stake in shares of Accenture by 24.7% in the 4th quarter. Equitable Holdings Inc. now owns 1,334 shares of the information technology services provider’s stock valued at $553,000 after acquiring an additional 264 shares in the last quarter. Engine NO. 1 LLC raised its stake in shares of Accenture by 68.2% in the 3rd quarter. Engine NO. 1 LLC now owns 3,417 shares of the information technology services provider’s stock valued at $1,093,000 after acquiring an additional 1,386 shares in the last quarter. FDx Advisors Inc. increased its position in Accenture by 6.3% in the 4th quarter. FDx Advisors Inc. now owns 169,310 shares of the information technology services provider’s stock worth $70,188,000 after buying an additional 10,044 shares during the period. Crossmark Global Holdings Inc. increased its position in Accenture by 4.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 48,675 shares of the information technology services provider’s stock worth $20,178,000 after buying an additional 2,054 shares during the period. Finally, Van ECK Associates Corp increased its position in Accenture by 4.9% in the 4th quarter. Van ECK Associates Corp now owns 85,404 shares of the information technology services provider’s stock worth $35,404,000 after buying an additional 3,973 shares during the period. 74.46% of the stock is currently owned by institutional investors and hedge funds.
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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