Accenture (NYSE:ACN) Announces Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Accenture (NYSE:ACN) issued its earnings results on Thursday. The information technology services provider reported $1.91 EPS for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.19, MarketWatch Earnings reports. Accenture had a return on equity of 32.87% and a net margin of 11.13%. The company had revenue of $11.14 billion during the quarter, compared to the consensus estimate of $11.10 billion. During the same period in the previous year, the firm posted $1.73 earnings per share. Accenture’s quarterly revenue was up 6.6% compared to the same quarter last year.

NYSE ACN opened at $149.94 on Friday. Accenture has a 1-year low of $142.00 and a 1-year high of $216.39. The company has a current ratio of 1.38, a quick ratio of 1.39 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $100.75 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.99 and a beta of 1.08. The firm’s fifty day simple moving average is $193.28 and its 200-day simple moving average is $196.71.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 16th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.13%. The ex-dividend date is Wednesday, April 15th. Accenture’s dividend payout ratio (DPR) is currently 43.48%.

A number of equities analysts have commented on the company. Stifel Nicolaus lifted their target price on Accenture from $203.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Societe Generale upgraded Accenture from a “hold” rating to a “buy” rating in a research report on Tuesday, March 10th. Berenberg Bank assumed coverage on Accenture in a research report on Tuesday, January 21st. They set a “buy” rating and a $240.00 price objective for the company. BMO Capital Markets reiterated a “market perform” rating and set a $220.00 price objective on shares of Accenture in a research report on Friday, December 20th. Finally, Morgan Stanley reduced their price objective on Accenture from $240.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday, March 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $208.63.

In other news, insider John F. Walsh sold 6,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $209.21, for a total value of $1,255,260.00. Following the transaction, the insider now directly owns 26,344 shares of the company’s stock, valued at $5,511,428.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David Rowland sold 9,791 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $211.38, for a total transaction of $2,069,621.58. Following the completion of the transaction, the chairman now directly owns 25,153 shares in the company, valued at $5,316,841.14. The disclosure for this sale can be found here. Insiders sold 29,254 shares of company stock worth $6,151,795 over the last ninety days. 0.10% of the stock is currently 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.

Read More: How to calculate the intrinsic value of a stock

Earnings History for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.