Accenture (ACN) Set to Announce Earnings on Thursday

Accenture (NYSE:ACN) will post its quarterly earnings results before the market opens on Thursday, December 21st. Analysts expect Accenture to post earnings of $1.67 per share for the quarter. Accenture has set its FY18 guidance at $6.36-6.60 EPS.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. Accenture had a return on equity of 42.65% and a net margin of 9.37%. The company had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. During the same period in the previous year, the company posted $1.31 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts expect Accenture to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Accenture (NYSE:ACN) opened at $151.72 on Tuesday. Accenture has a one year low of $112.31 and a one year high of $153.75. The company has a market capitalization of $100,749.20, a P/E ratio of 25.83, a PEG ratio of 2.26 and a beta of 1.08.

Several research analysts have recently commented on the company. Cowen reiterated a “buy” rating and set a $165.00 target price on shares of Accenture in a research note on Thursday, December 14th. Deutsche Bank lifted their target price on Accenture to $165.00 in a research note on Monday, December 11th. Robert W. Baird restated a “hold” rating and issued a $155.00 price target on shares of Accenture in a research note on Thursday, December 7th. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a research note on Tuesday, November 28th. Finally, Evercore ISI boosted their price target on Accenture from $148.00 to $162.00 and gave the company a “reduce” rating in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $146.42.

In other Accenture news, CFO David Rowland sold 3,702 shares of Accenture stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $135.04, for a total value of $499,918.08. Following the completion of the transaction, the chief financial officer now directly owns 9,864 shares of the company’s stock, valued at approximately $1,332,034.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Pierre Nanterme sold 38,589 shares of Accenture stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $135.03, for a total value of $5,210,672.67. Following the completion of the transaction, the chief executive officer now directly owns 179,083 shares of the company’s stock, valued at $24,181,577.49. The disclosure for this sale can be found here. Insiders sold a total of 83,325 shares of company stock valued at $11,479,125 over the last ninety days. Insiders own 0.21% of the company’s stock.

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Accenture Company Profile

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.

Earnings History for Accenture (NYSE:ACN)

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