Accenture (NYSE:ACN) announced its earnings results on Thursday. The information technology services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.06, MarketWatch Earnings reports. The company had revenue of $10.99 billion during the quarter, compared to analyst estimates of $10.89 billion. Accenture had a net margin of 11.11% and a return on equity of 32.04%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.93 earnings per share.
ACN stock opened at $212.47 on Friday. Accenture has a one year low of $137.15 and a one year high of $217.89. The company’s fifty day moving average price is $198.16 and its 200-day moving average price is $192.91. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $135.06 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 2.78 and a beta of 1.06.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 16th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Wednesday, July 15th. Accenture’s dividend payout ratio (DPR) is presently 43.48%.
ACN has been the subject of several recent research reports. Piper Sandler initiated coverage on shares of Accenture in a research report on Thursday, May 21st. They set a “neutral” rating and a $196.00 target price for the company. Robert W. Baird boosted their target price on shares of Accenture from $216.00 to $222.00 and gave the company a “neutral” rating in a research report on Friday. Wells Fargo & Co downgraded shares of Accenture from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $190.00 to $200.00 in a report on Thursday, June 18th. They noted that the move was a valuation call. UBS Group lifted their price target on shares of Accenture from $160.00 to $215.00 and gave the company a “neutral” rating in a report on Friday. Finally, Bank of America lifted their price target on shares of Accenture from $154.00 to $182.00 and gave the company an “underperform” rating in a report on Thursday, June 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the stock. Accenture has a consensus rating of “Buy” and a consensus target price of $218.04.
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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