Q2 2018 Earnings Forecast for Accenture Plc Issued By Wedbush (ACN)

Accenture Plc (NYSE:ACN) – Stock analysts at Wedbush boosted their Q2 2018 EPS estimates for shares of Accenture in a research note issued on Monday. Wedbush analyst M. Katri now forecasts that the information technology services provider will post earnings per share of $1.49 for the quarter, up from their prior estimate of $1.48. Wedbush also issued estimates for Accenture’s Q1 2019 earnings at $1.89 EPS and Q2 2019 earnings at $1.63 EPS.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.12. The firm had revenue of $9.52 billion for the quarter, compared to the consensus estimate of $9.25 billion. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.58 earnings per share.

ACN has been the topic of a number of other research reports. Cowen set a $150.00 price objective on shares of Accenture and gave the stock a “buy” rating in a report on Monday, October 23rd. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $145.00 price target on shares of Accenture in a report on Tuesday, December 26th. Pivotal Research set a $180.00 price target on shares of Accenture and gave the company a “buy” rating in a report on Thursday, December 28th. Zacks Investment Research raised shares of Accenture from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Tuesday, November 28th. Finally, Bank of America upped their price target on shares of Accenture from $150.00 to $171.00 in a report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $156.57.

Shares of Accenture (NYSE ACN) opened at $154.95 on Tuesday. The company has a market cap of $97,731.16, a PE ratio of 27.42, a P/E/G ratio of 2.31 and a beta of 1.05. Accenture has a fifty-two week low of $114.82 and a fifty-two week high of $162.60.

In other news, insider Gianfranco Casati sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $152.92, for a total value of $764,600.00. Following the completion of the transaction, the insider now owns 46,202 shares of the company’s stock, valued at $7,065,209.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Johan Deblaere sold 55,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $154.24, for a total transaction of $8,483,200.00. Following the completion of the transaction, the chief operating officer now directly owns 112,208 shares of the company’s stock, valued at approximately $17,306,961.92. The disclosure for this sale can be found here. In the last three months, insiders sold 115,249 shares of company stock valued at $17,795,548. Company insiders own 0.21% of the company’s stock.

Large investors have recently bought and sold shares of the company. Jacobi Capital Management LLC raised its position in shares of Accenture by 104.8% in the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after buying an additional 372 shares during the last quarter. Santori & Peters Inc. acquired a new position in Accenture during the fourth quarter worth approximately $181,000. Calton & Associates Inc. acquired a new position in Accenture during the fourth quarter worth approximately $209,000. Capital Investment Advisors LLC acquired a new position in Accenture during the fourth quarter worth approximately $201,000. Finally, Stonebridge Capital Management Inc. acquired a new position in Accenture during the fourth quarter worth approximately $212,000. 75.63% of the stock is owned by institutional investors and hedge funds.

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About Accenture

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 and Estimates for Accenture (NYSE:ACN)

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