$2.00 Earnings Per Share Expected for Accenture Plc (NYSE:ACN) This Quarter

Analysts expect that Accenture Plc (NYSE:ACN) will announce $2.00 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Accenture’s earnings, with the highest EPS estimate coming in at $2.06 and the lowest estimate coming in at $1.96. Accenture reported earnings of $1.96 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 2%. The firm is expected to announce its next earnings report on Thursday, December 19th.

According to Zacks, analysts expect that Accenture will report full-year earnings of $7.78 per share for the current year, with EPS estimates ranging from $7.75 to $7.81. For the next financial year, analysts anticipate that the business will report earnings of $8.50 per share, with EPS estimates ranging from $8.47 to $8.54. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Accenture.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, September 26th. The information technology services provider reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.03. Accenture had a return on equity of 34.30% and a net margin of 11.06%. The company had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.07 billion. During the same period in the previous year, the company posted $1.58 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Accenture from a “hold” rating to a “sell” rating and set a $214.00 target price on the stock. in a research note on Monday, September 9th. BMO Capital Markets set a $200.00 price target on Accenture and gave the stock a “hold” rating in a research report on Friday, September 27th. They noted that the move was a valuation call. Redburn Partners started coverage on Accenture in a research report on Monday, September 23rd. They set a “buy” rating and a $227.00 price target on the stock. ValuEngine downgraded Accenture from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, KeyCorp set a $208.00 price target on Accenture and gave the stock a “buy” rating in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. Accenture currently has a consensus rating of “Buy” and a consensus target price of $203.25.

In related news, insider Daniel T. London sold 5,421 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $185.69, for a total value of $1,006,625.49. Following the transaction, the insider now directly owns 31,698 shares of the company’s stock, valued at approximately $5,886,001.62. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Joel Unruch sold 804 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $186.68, for a total value of $150,090.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,014 shares of company stock worth $6,859,750. 0.18% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of ACN. Thomasville National Bank acquired a new stake in shares of Accenture in the 2nd quarter valued at approximately $208,000. Private Trust Co. NA raised its stake in Accenture by 1.6% during the 2nd quarter. Private Trust Co. NA now owns 3,642 shares of the information technology services provider’s stock worth $672,000 after acquiring an additional 57 shares in the last quarter. Swedbank raised its stake in Accenture by 3.6% during the 2nd quarter. Swedbank now owns 1,059,266 shares of the information technology services provider’s stock worth $195,721,000 after acquiring an additional 36,428 shares in the last quarter. Davis Rea LTD. raised its stake in Accenture by 1.9% during the 2nd quarter. Davis Rea LTD. now owns 31,794 shares of the information technology services provider’s stock worth $5,875,000 after acquiring an additional 583 shares in the last quarter. Finally, WINTON GROUP Ltd raised its stake in Accenture by 164.8% during the 2nd quarter. WINTON GROUP Ltd now owns 7,693 shares of the information technology services provider’s stock worth $1,421,000 after acquiring an additional 4,788 shares in the last quarter. 69.66% of the stock is currently owned by institutional investors.

Shares of NYSE:ACN traded up $0.56 during midday trading on Thursday, reaching $196.81. 1,901,544 shares of the company traded hands, compared to its average volume of 1,649,963. Accenture has a 12 month low of $132.63 and a 12 month high of $202.80. The firm has a market capitalization of $124.75 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03. The firm’s fifty day moving average price is $187.56 and its two-hundred day moving average price is $187.94.

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 17th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Wednesday, October 16th. Accenture’s payout ratio is 43.48%.

About Accenture

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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