Accenture (NYSE:ACN) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $6.98-7.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.28. The company issued revenue guidance of +5-8% to ~$41.6-42.8 billion, compared to the consensus revenue estimate of $42.11 billion.

Shares of Accenture stock opened at $172.97 on Thursday. The stock has a market capitalization of $116.60 billion, a P/E ratio of 29.27, a PEG ratio of 2.32 and a beta of 0.97. Accenture has a 1 year low of $132.27 and a 1 year high of $175.64.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.02. The company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $10.01 billion. Accenture had a net margin of 9.76% and a return on equity of 42.01%. Accenture’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.48 EPS. analysts expect that Accenture will post 6.71 earnings per share for the current year.

A number of equities analysts recently issued reports on ACN shares. Zacks Investment Research upgraded shares of Accenture from a sell rating to a hold rating in a research note on Tuesday. Stifel Nicolaus upped their price target on shares of Accenture from $170.00 to $179.00 and gave the stock a buy rating in a research note on Thursday, June 21st. Credit Suisse Group upped their price target on shares of Accenture from $151.00 to $160.00 and gave the stock a neutral rating in a research note on Friday, June 29th. BMO Capital Markets upped their price target on shares of Accenture to $170.00 and gave the stock a market perform rating in a research note on Friday, June 29th. Finally, Citigroup upped their price target on shares of Accenture from $163.00 to $172.00 and gave the stock a neutral rating in a research note on Tuesday, September 18th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $167.98.

In other news, COO Johan Deblaere sold 5,000 shares of the company’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $162.36, for a total transaction of $811,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard Lumb sold 2,000 shares of the company’s stock in a transaction dated Friday, July 20th. The shares were sold at an average price of $166.66, for a total transaction of $333,320.00. Following the sale, the insider now directly owns 118,561 shares of the company’s stock, valued at approximately $19,759,376.26. The disclosure for this sale can be found here. Insiders have sold a total of 54,357 shares of company stock valued at $8,865,112 in the last ninety days. Insiders own 0.21% of the company’s stock.

Accenture Company Profile

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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Earnings History and Estimates for Accenture (NYSE:ACN)

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