Accenture Plc (ACN) Expected to Post Earnings of $1.51 Per Share
Brokerages expect Accenture Plc (NYSE:ACN) to post $1.51 earnings per share (EPS) for the current quarter, according to Zacks. Eleven analysts have made estimates for Accenture Plc’s earnings, with the lowest EPS estimate coming in at $1.44 and the highest estimate coming in at $1.56. Accenture Plc reported earnings of $1.41 per share during the same quarter last year, which indicates a positive year over year growth rate of 7.1%. The company is expected to issue its next quarterly earnings report on Thursday, June 22nd.
According to Zacks, analysts expect that Accenture Plc will report full-year earnings of $5.86 per share for the current year, with EPS estimates ranging from $5.82 to $5.92. For the next year, analysts expect that the company will report earnings of $6.39 per share, with EPS estimates ranging from $6.25 to $6.47. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Accenture Plc.
Accenture Plc (NYSE:ACN) last posted its quarterly earnings results on Thursday, March 23rd. The information technology services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.03. Accenture Plc had a return on equity of 46.99% and a net margin of 12.34%. The company had revenue of $8.32 billion during the quarter, compared to analysts’ expectations of $8.34 billion. During the same quarter in the previous year, the firm earned $1.34 EPS. Accenture Plc’s revenue was up 4.7% on a year-over-year basis.
Several analysts recently issued reports on ACN shares. Zacks Investment Research cut Accenture Plc from a “hold” rating to a “sell” rating in a research note on Wednesday, March 1st. Wedbush reaffirmed a “top pick” rating and set a $135.00 price objective on shares of Accenture Plc in a research report on Monday, March 20th. Cantor Fitzgerald reiterated an “overweight” rating and set a $135.00 target price on shares of Accenture Plc in a report on Tuesday, March 21st. Stifel Nicolaus boosted their price objective on shares of Accenture Plc from $128.00 to $138.00 and gave the stock a “buy” rating in a report on Tuesday, March 21st. Finally, BMO Capital Markets reiterated a “hold” rating and set a $123.00 target price on shares of Accenture Plc in a research note on Thursday, March 23rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $128.16.
Shares of Accenture Plc (NYSE:ACN) traded up 0.67% during midday trading on Thursday, reaching $122.77. The company had a trading volume of 609,382 shares. The company has a market capitalization of $76.13 billion, a PE ratio of 20.45 and a beta of 1.17. The company has a 50 day moving average of $119.60 and a 200 day moving average of $119.53. Accenture Plc has a one year low of $108.66 and a one year high of $126.53.
The firm also recently announced a semiannual dividend, which was paid on Monday, May 15th. Investors of record on Thursday, April 13th were paid a dividend of $1.21 per share. This is an increase from Accenture Plc’s previous semiannual dividend of $1.02. This represents a yield of 2.03%. The ex-dividend date was Tuesday, April 11th. Accenture Plc’s dividend payout ratio is presently 35.85%.
In other Accenture Plc news, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, March 28th. The shares were sold at an average price of $120.00, for a total transaction of $264,000.00. Following the completion of the transaction, the insider now owns 123,545 shares in the company, valued at approximately $14,825,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Pierre Nanterme sold 39,499 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of $120.75, for a total transaction of $4,769,504.25. Following the transaction, the chief executive officer now owns 258,306 shares of the company’s stock, valued at approximately $31,190,449.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,626 shares of company stock worth $9,919,492. 0.21% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. OLD National Bancorp IN boosted its position in shares of Accenture Plc by 1.4% in the third quarter. OLD National Bancorp IN now owns 15,320 shares of the information technology services provider’s stock valued at $1,872,000 after buying an additional 210 shares during the last quarter. Quantitative Investment Management LLC boosted its position in shares of Accenture Plc by 53.7% in the third quarter. Quantitative Investment Management LLC now owns 86,200 shares of the information technology services provider’s stock valued at $10,531,000 after buying an additional 30,100 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of Accenture Plc by 4.5% in the third quarter. Ballentine Partners LLC now owns 4,861 shares of the information technology services provider’s stock valued at $592,000 after buying an additional 208 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Accenture Plc by 0.3% in the third quarter. Arizona State Retirement System now owns 207,700 shares of the information technology services provider’s stock valued at $25,375,000 after buying an additional 600 shares during the last quarter. Finally, South Texas Money Management Ltd. bought a new position in shares of Accenture Plc during the third quarter valued at about $208,000. Institutional investors and hedge funds own 77.38% of the company’s stock.
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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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