Brokerages expect Accenture PLC (NYSE:ACN) to post $8.96 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have made estimates for Accenture PLC’s earnings. The highest sales estimate is $9.02 billion and the lowest is $8.90 billion. Accenture PLC reported sales of $8.49 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.5%. The business is scheduled to issue its next quarterly earnings report on Thursday, October 5th.

According to Zacks, analysts expect that Accenture PLC will report full-year sales of $8.96 billion for the current financial year, with estimates ranging from $34.64 billion to $34.72 billion. For the next fiscal year, analysts expect that the business will post sales of $36.95 billion per share, with estimates ranging from $36.81 billion to $37.28 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Accenture PLC.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.52. The company had revenue of $8.87 billion for the quarter, compared to the consensus estimate of $8.82 billion. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.41 earnings per share.

Several brokerages have commented on ACN. Berenberg Bank set a $140.00 price objective on shares of Accenture PLC and gave the company a “buy” rating in a research note on Saturday, June 24th. Cowen and Company restated a “buy” rating and set a $135.00 price objective on shares of Accenture PLC in a research note on Friday, July 28th. BidaskClub cut shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Robert W. Baird reiterated a “neutral” rating and issued a $138.00 target price (up from $132.00) on shares of Accenture PLC in a research note on Wednesday, June 14th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $138.00 target price (up from $131.50) on shares of Accenture PLC in a research note on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $130.71.

Accenture PLC (ACN) opened at 130.20 on Monday. Accenture PLC has a 12 month low of $108.83 and a 12 month high of $130.67. The company has a market cap of $80.46 billion, a P/E ratio of 23.06 and a beta of 1.11. The company’s 50-day moving average is $126.05 and its 200-day moving average is $121.87.

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In other news, insider Gianfranco Casati sold 5,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $130.00, for a total transaction of $650,000.00. Following the completion of the sale, the insider now owns 56,014 shares of the company’s stock, valued at $7,281,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard Lumb sold 2,200 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $121.06, for a total transaction of $266,332.00. Following the sale, the insider now directly owns 121,710 shares of the company’s stock, valued at approximately $14,734,212.60. The disclosure for this sale can be found here. Insiders have sold 79,817 shares of company stock valued at $9,902,889 in the last ninety days. Insiders own 0.21% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Coconut Grove Bank raised its stake in Accenture PLC by 75.7% in the first quarter. Coconut Grove Bank now owns 845 shares of the information technology services provider’s stock worth $101,000 after buying an additional 364 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in Accenture PLC by 1.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 865 shares of the information technology services provider’s stock worth $104,000 after buying an additional 11 shares during the last quarter. Howe & Rusling Inc. raised its stake in Accenture PLC by 14.2% in the first quarter. Howe & Rusling Inc. now owns 908 shares of the information technology services provider’s stock worth $109,000 after buying an additional 113 shares during the last quarter. Bellwether Investment Group LLC raised its stake in Accenture PLC by 64.2% in the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after buying an additional 359 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in Accenture PLC by 2.0% in the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock worth $117,000 after buying an additional 19 shares during the last quarter. 77.44% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Accenture PLC (NYSE:ACN)

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