Accenture (ACN) to Release Earnings on Thursday
Accenture (NYSE:ACN) is scheduled to be releasing its earnings data before the market opens on Thursday, September 27th. Analysts expect Accenture to post earnings of $1.55 per share for the quarter. Accenture has set its FY18 guidance at $6.66-6.71 EPS.
Accenture (NYSE:ACN) last announced its earnings results on Thursday, June 28th. The information technology services provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.72 by $0.07. The firm had revenue of $10.32 billion for the quarter, compared to the consensus estimate of $10.04 billion. Accenture had a net margin of 9.76% and a return on equity of 42.01%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.52 EPS. On average, analysts expect Accenture to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Shares of ACN opened at $172.63 on Tuesday. The firm has a market capitalization of $117.52 billion, a P/E ratio of 29.22, a PEG ratio of 2.34 and a beta of 0.97. Accenture has a one year low of $132.27 and a one year high of $175.64.
Several brokerages recently commented on ACN. Deutsche Bank lifted their target price on shares of Accenture from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, September 20th. Bank of America lifted their target price on shares of Accenture from $174.00 to $175.00 and gave the stock a “neutral” rating in a report on Monday. Citigroup lifted their target price on shares of Accenture from $163.00 to $172.00 and gave the stock a “neutral” rating in a report on Tuesday, September 18th. Zacks Investment Research upgraded shares of Accenture from a “sell” rating to a “hold” rating in a report on Monday, September 17th. Finally, Wolfe Research began coverage on shares of Accenture in a report on Tuesday, July 17th. They issued an “underperform” rating on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $167.43.
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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