Accenture (NYSE:ACN) Releases FY19 Earnings Guidance

Accenture (NYSE:ACN) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $7.28-7.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.33.

A number of research analysts have recently commented on the company. Deutsche Bank set a $33.00 price target on Urban Outfitters and gave the company a hold rating in a research report on Monday, June 10th. UBS Group set a $170.00 target price on United Rentals and gave the stock a buy rating in a research note on Friday, June 28th. Berenberg Bank upgraded easyJet to a hold rating in a research note on Monday, April 1st. Cantor Fitzgerald upped their target price on Accenture from $185.00 to $199.00 and gave the stock an overweight rating in a research note on Friday, March 29th. Finally, Wells Fargo & Co restated a hold rating on shares of Medidata Solutions in a research note on Thursday, June 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $191.13.

Shares of NYSE:ACN traded up $2.96 during trading on Thursday, hitting $194.67. The stock had a trading volume of 1,862,461 shares, compared to its average volume of 1,912,339. Accenture has a 12 month low of $132.63 and a 12 month high of $194.67. The company has a market cap of $129.57 billion, a P/E ratio of 28.88, a PEG ratio of 2.53 and a beta of 1.05. The company has a fifty day moving average of $183.99.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, June 27th. The information technology services provider reported $1.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.04. The firm had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $11.03 billion. Accenture had a return on equity of 36.24% and a net margin of 10.93%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the business posted $1.79 EPS. Research analysts predict that Accenture will post 7.33 earnings per share for the current year.

In related news, CAO Richard P. Clark sold 6,266 shares of Accenture stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $177.78, for a total transaction of $1,113,969.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction on Monday, July 1st. The shares were sold at an average price of $186.35, for a total value of $372,700.00. Following the transaction, the insider now owns 77,240 shares in the company, valued at $14,393,674. The disclosure for this sale can be found here. Insiders have sold 65,823 shares of company stock worth $11,734,229 over the last quarter. 0.18% of the stock is owned by company insiders.

Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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Earnings History and Estimates for Accenture (NYSE:ACN)

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