Accenture Plc (ACN) Forecasted to Earn FY2018 Earnings of $6.69 Per Share

Accenture Plc (NYSE:ACN) – Research analysts at Wedbush issued their FY2018 earnings per share (EPS) estimates for shares of Accenture in a report issued on Monday. Wedbush analyst M. Katri expects that the information technology services provider will earn $6.69 per share for the year. Wedbush also issued estimates for Accenture’s Q4 2018 earnings at $1.67 EPS, Q4 2019 earnings at $1.82 EPS and FY2019 earnings at $7.25 EPS.

ACN has been the subject of a number of other reports. KeyCorp raised their target price on Accenture from $157.00 to $172.00 and gave the company an “overweight” rating in a research note on Saturday, December 30th. SunTrust Banks restated a “hold” rating and issued a $164.00 target price on shares of Accenture in a research note on Thursday, December 21st. Barclays raised their target price on Accenture from $135.00 to $152.00 and gave the company an “equal weight” rating in a research note on Friday, December 22nd. Cowen restated a “buy” rating and issued a $166.00 target price on shares of Accenture in a research note on Friday, December 22nd. Finally, Susquehanna Bancshares restated a “hold” rating and issued a $145.00 target price on shares of Accenture in a research note on Tuesday, December 26th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $156.57.

Shares of Accenture (ACN) traded down $0.36 during trading hours on Wednesday, hitting $156.48. The stock had a trading volume of 385,751 shares, compared to its average volume of 2,193,518. Accenture has a 52 week low of $114.82 and a 52 week high of $162.60. The firm has a market capitalization of $98,436.33, a price-to-earnings ratio of 27.76, a PEG ratio of 2.33 and a beta of 1.05.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.12. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The company had revenue of $9.52 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same period last year, the company posted $1.58 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. raised its position in shares of Accenture by 4.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 84,295 shares of the information technology services provider’s stock worth $12,905,000 after purchasing an additional 3,515 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of Accenture during the fourth quarter worth about $455,000. Profund Advisors LLC raised its position in shares of Accenture by 28.2% during the fourth quarter. Profund Advisors LLC now owns 21,224 shares of the information technology services provider’s stock worth $3,249,000 after purchasing an additional 4,665 shares during the period. Mosaic Family Wealth LLC raised its position in shares of Accenture by 60.9% during the fourth quarter. Mosaic Family Wealth LLC now owns 1,302 shares of the information technology services provider’s stock worth $199,000 after purchasing an additional 493 shares during the period. Finally, Moors & Cabot Inc. raised its position in shares of Accenture by 15.5% during the fourth quarter. Moors & Cabot Inc. now owns 26,713 shares of the information technology services provider’s stock worth $4,087,000 after purchasing an additional 3,575 shares during the period. 75.63% of the stock is currently owned by institutional investors.

In other news, insider Gianfranco Casati sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $152.92, for a total transaction of $764,600.00. Following the sale, the insider now owns 46,202 shares of the company’s stock, valued at $7,065,209.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Richard Lumb sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $155.34, for a total value of $310,680.00. Following the sale, the insider now directly owns 121,041 shares in the company, valued at approximately $18,802,508.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,249 shares of company stock worth $18,106,228. Company insiders own 0.21% of the company’s stock.

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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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