Accenture (NYSE:ACN) Updates FY 2020 Pre-Market Earnings Guidance

Accenture (NYSE:ACN) issued an update on its FY 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share guidance of 7.57-7.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.58. The company issued revenue guidance of $44.728-45.16 billion, compared to the consensus revenue estimate of $44.27 billion.Accenture also updated its FY20 guidance to $7.57-7.70 EPS.

Accenture stock opened at $212.47 on Friday. The stock has a 50-day simple moving average of $198.16 and a 200 day simple moving average of $192.91. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.17. Accenture has a 12-month low of $137.15 and a 12-month high of $217.89. The stock has a market capitalization of $138.14 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 2.85 and a beta of 1.06.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, June 25th. The information technology services provider reported $1.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.06. Accenture had a return on equity of 32.04% and a net margin of 11.11%. The business had revenue of $10.99 billion during the quarter, compared to analysts’ expectations of $10.89 billion. During the same period in the previous year, the business posted $1.93 earnings per share. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Accenture will post 7.63 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 16th will be issued a $0.80 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.51%. Accenture’s dividend payout ratio is 43.48%.

A number of analysts recently commented on the company. Susquehanna Bancshares lifted their price objective on Accenture from $225.00 to $250.00 in a research report on Friday. Exane BNP Paribas lowered Accenture from an outperform rating to a neutral rating in a research report on Wednesday, June 3rd. Deutsche Bank lifted their price objective on Accenture from $215.00 to $245.00 and gave the stock a buy rating in a research report on Friday. Cowen lifted their price objective on Accenture from $175.00 to $210.00 and gave the stock an outperform rating in a research report on Friday, June 19th. Finally, Robert W. Baird lifted their price objective on Accenture from $216.00 to $222.00 and gave the stock a neutral rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $218.04.

In other news, insider Jean-Marc Ollagnier sold 4,499 shares of Accenture stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $175.21, for a total transaction of $788,269.79. Following the transaction, the insider now owns 180,110 shares in the company, valued at approximately $31,557,073.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Joel Unruch sold 855 shares of Accenture stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $175.18, for a total value of $149,778.90. Following the transaction, the general counsel now owns 24,689 shares in the company, valued at approximately $4,325,019.02. The disclosure for this sale can be found here. Insiders have sold a total of 23,221 shares of company stock worth $4,169,477 in the last quarter. 0.10% of the stock is currently owned by company insiders.

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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