Wall Street analysts expect Accenture PLC (NYSE:ACN) to post $9.24 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Accenture’s earnings. The highest sales estimate is $9.32 billion and the lowest is $9.10 billion. Accenture posted sales of $8.52 billion during the same quarter last year, which suggests a positive year over year growth rate of 8.5%. The company is expected to announce its next quarterly earnings results before the market opens on Thursday, December 21st.

According to Zacks, analysts expect that Accenture will report full year sales of $9.24 billion for the current financial year, with estimates ranging from $37.28 billion to $38.40 billion. For the next financial year, analysts forecast that the firm will report sales of $40.41 billion per share, with estimates ranging from $39.68 billion to $41.02 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow Accenture.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The firm had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. Accenture had a net margin of 9.37% and a return on equity of 42.65%. Accenture’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 earnings per share.

A number of analysts have recently issued reports on ACN shares. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Monday, August 28th. Stifel Nicolaus lifted their price objective on shares of Accenture from $138.00 to $146.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. Bank of America started coverage on shares of Accenture in a research note on Tuesday, September 12th. They set a “buy” rating and a $150.00 price objective on the stock. Cowen reiterated a “buy” rating and set a $150.00 price objective (up previously from $135.00) on shares of Accenture in a research note on Tuesday, September 19th. Finally, Berenberg Bank reiterated a “buy” rating and set a $160.00 price objective on shares of Accenture in a research note on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $146.42.

Shares of Accenture (NYSE ACN) opened at $152.66 on Friday. The stock has a market cap of $98,810.00, a P/E ratio of 25.62, a PEG ratio of 2.24 and a beta of 1.08. Accenture has a 12 month low of $112.31 and a 12 month high of $152.90.

In other news, CEO Pierre Nanterme sold 38,589 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.03, for a total transaction of $5,210,672.67. Following the completion of the sale, the chief executive officer now owns 179,083 shares of the company’s stock, valued at $24,181,577.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard P. Clark sold 3,155 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $143.01, for a total transaction of $451,196.55. Following the sale, the insider now directly owns 5,533 shares of the company’s stock, valued at approximately $791,274.33. The disclosure for this sale can be found here. Insiders have sold 83,325 shares of company stock valued at $11,479,125 in the last three months. Corporate insiders own 0.21% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its holdings in Accenture by 2,531.4% in the second quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the information technology services provider’s stock worth $311,760,000 after purchasing an additional 2,424,888 shares during the period. Capital International Investors boosted its holdings in Accenture by 89.1% in the third quarter. Capital International Investors now owns 4,670,977 shares of the information technology services provider’s stock worth $630,909,000 after purchasing an additional 2,200,243 shares during the period. BT Investment Management Ltd acquired a new position in Accenture in the second quarter worth $220,158,000. BlackRock Inc. boosted its holdings in Accenture by 3.0% in the second quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock worth $5,028,772,000 after purchasing an additional 1,196,578 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Accenture by 2.3% in the second quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock worth $5,994,531,000 after purchasing an additional 1,088,676 shares during the period. 72.51% of the stock is owned by institutional investors and hedge funds.

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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.

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Earnings History and Estimates for Accenture (NYSE:ACN)

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