Accenture (ACN) Announces Quarterly Earnings Results
Accenture (NYSE:ACN) released its quarterly earnings data on Thursday. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.02, MarketWatch Earnings reports. The firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $10.01 billion. Accenture had a return on equity of 42.01% and a net margin of 9.76%. Accenture’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 earnings per share. Accenture updated its FY19 guidance to $6.98-7.25 EPS.
ACN opened at $172.97 on Thursday. The firm has a market cap of $116.60 billion, a P/E ratio of 29.27, a P/E/G ratio of 2.32 and a beta of 0.97. Accenture has a 52 week low of $132.27 and a 52 week high of $175.64.
In related news, insider Richard Lumb sold 2,000 shares of the stock in a transaction on Monday, August 13th. The stock was sold at an average price of $160.86, for a total transaction of $321,720.00. Following the sale, the insider now owns 117,807 shares of the company’s stock, valued at $18,950,434.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Pierre Nanterme sold 32,376 shares of the stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $162.39, for a total value of $5,257,538.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 54,357 shares of company stock worth $8,865,112. Corporate insiders own 0.21% of the company’s stock.
Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.
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