Wall Street analysts expect Accenture PLC (NYSE:ACN) to announce $1.45 earnings per share for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Accenture PLC’s earnings, with the highest EPS estimate coming in at $1.47 and the lowest estimate coming in at $1.42. Accenture PLC reported earnings per share of $1.31 during the same quarter last year, which would indicate a positive year over year growth rate of 10.7%. The company is expected to issue its next quarterly earnings report before the market opens on Thursday, September 28th.
According to Zacks, analysts expect that Accenture PLC will report full year earnings of $5.88 per share for the current fiscal year, with EPS estimates ranging from $5.85 to $5.91. For the next financial year, analysts expect that the company will post earnings of $6.43 per share, with EPS estimates ranging from $6.25 to $6.64. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Accenture PLC.
Accenture PLC (NYSE:ACN) last issued its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.52. The company had revenue of $8.87 billion during the quarter, compared to the consensus estimate of $8.82 billion. Accenture PLC had a return on equity of 43.96% and a net margin of 9.92%. Accenture PLC’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the business posted $1.41 earnings per share.
Several research firms recently issued reports on ACN. Berenberg Bank set a $140.00 price objective on Accenture PLC and gave the company a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Wednesday, September 6th. Cowen and Company reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Accenture PLC in a research report on Friday, July 28th. BidaskClub lowered shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $138.00 target price (up from $132.00) on shares of Accenture PLC in a research note on Wednesday, June 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $131.53.
Accenture PLC (NYSE:ACN) traded up 1.88% during mid-day trading on Monday, reaching $136.23. The company’s stock had a trading volume of 1,667,247 shares. The firm has a market cap of $84.19 billion, a PE ratio of 24.12 and a beta of 1.11. The company has a 50-day moving average price of $129.47 and a 200-day moving average price of $124.34. Accenture PLC has a 12-month low of $108.83 and a 12-month high of $136.26.
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In other Accenture PLC news, General Counsel Chad T. Jerdee sold 3,200 shares of the stock in a transaction on Monday, June 26th. The stock was sold at an average price of $122.97, for a total value of $393,504.00. Following the completion of the sale, the general counsel now owns 18,566 shares in the company, valued at approximately $2,283,061.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard Lumb sold 2,200 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $129.26, for a total value of $284,372.00. Following the completion of the sale, the insider now owns 119,013 shares of the company’s stock, valued at approximately $15,383,620.38. The disclosure for this sale can be found here. Insiders sold a total of 79,817 shares of company stock valued at $9,920,929 in the last quarter. 0.21% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. Ropes Wealth Advisors LLC increased its stake in Accenture PLC by 0.5% in the 1st quarter. Ropes Wealth Advisors LLC now owns 1,412 shares of the information technology services provider’s stock worth $169,000 after buying an additional 7 shares in the last quarter. Blue Fin Capital Inc. boosted its holdings in shares of Accenture PLC by 0.3% during the 1st quarter. Blue Fin Capital Inc. now owns 4,400 shares of the information technology services provider’s stock valued at $527,000 after purchasing an additional 12 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of Accenture PLC by 0.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock valued at $362,000 after purchasing an additional 12 shares during the last quarter. Glenview Trust Co boosted its holdings in shares of Accenture PLC by 0.3% during the 1st quarter. Glenview Trust Co now owns 4,935 shares of the information technology services provider’s stock valued at $591,000 after purchasing an additional 15 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Accenture PLC by 2.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock valued at $117,000 after purchasing an additional 19 shares during the last quarter. Institutional investors and hedge funds own 77.80% of the company’s stock.
About Accenture PLC
Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.
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