Accenture Plc (ACN) Posts Quarterly Earnings, Beats Estimates By $0.05 EPS
Accenture Plc (NYSE:ACN) issued its quarterly earnings data on Thursday. The company reported $1.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.21 by $0.05, StockRatingsNetwork.com reports. The company had revenue of $7.74 billion for the quarter, compared to the consensus estimate of $7.55 billion. During the same quarter last year, the company posted $1.14 earnings per share. Accenture Plc’s revenue was up 7.5% compared to the same quarter last year. Accenture Plc updated its FY14 guidance to $4.50-4.54 EPS.
A number of research firms have recently commented on ACN. Analysts at Morgan Stanley initiated coverage on shares of Accenture Plc in a research note on Wednesday, July 9th. They set an “equal weight” rating on the stock. On the ratings front, analysts at Societe Generale raised their price target on shares of Accenture Plc from $80.00 to $84.00 in a research note on Friday, June 27th. They now have a “hold” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Accenture Plc in a research note on Friday, June 27th. They now have a $86.00 price target on the stock. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $87.43.
In other Accenture Plc news, General Counsel Julie Spellman Sweet sold 3,574 shares of Accenture Plc stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $80.41, for a total value of $287,385.34. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Accenture Plc (NYSE:ACN) traded up 0.32% during mid-day trading on Monday, hitting $80.635. 1,333,519 shares of the company’s stock traded hands. Accenture Plc has a one year low of $69.78 and a one year high of $85.88. The stock’s 50-day moving average is $81.46 and its 200-day moving average is $81.08. The company has a market cap of $50.900 billion and a P/E ratio of 19.55.
Accenture plc (NYSE:ACN) is engaged in providing management consulting, technology and outsourcing services.
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