Accenture Plc (ACN) Forecasted to Earn FY2018 Earnings of $6.69 Per Share
Accenture Plc (NYSE:ACN) – Equities research analysts at Wedbush issued their FY2018 earnings per share (EPS) estimates for shares of Accenture in a research report issued on Monday. Wedbush analyst M. Katri forecasts that the information technology services provider will post earnings per share of $6.69 for the year. Wedbush also issued estimates for Accenture’s Q4 2018 earnings at $1.67 EPS, Q4 2019 earnings at $1.82 EPS and FY2019 earnings at $7.25 EPS.
Several other analysts also recently commented on ACN. Cowen set a $150.00 price objective on Accenture and gave the stock a “buy” rating in a research note on Monday, October 23rd. KeyCorp reissued a “buy” rating and issued a $149.00 price objective on shares of Accenture in a research note on Sunday, October 29th. Stifel Nicolaus reissued a “buy” rating and issued a $150.00 price objective on shares of Accenture in a research note on Friday, November 3rd. Pivotal Research initiated coverage on Accenture in a research note on Wednesday, November 8th. They issued a “buy” rating and a $165.00 price objective for the company. Finally, Evercore ISI increased their price objective on Accenture from $148.00 to $162.00 and gave the stock a “reduce” rating in a research note on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. Accenture currently has an average rating of “Hold” and an average target price of $156.57.
Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.67 by $0.12. The firm had revenue of $9.52 billion during the quarter, compared to the consensus estimate of $9.25 billion. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.58 earnings per share.
In other Accenture news, CFO David Rowland sold 3,102 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $161.21, for a total value of $500,073.42. Following the completion of the sale, the chief financial officer now directly owns 25,012 shares of the company’s stock, valued at $4,032,184.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard Lumb sold 2,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $155.34, for a total value of $310,680.00. Following the completion of the sale, the insider now directly owns 121,041 shares of the company’s stock, valued at $18,802,508.94. The disclosure for this sale can be found here. Insiders have sold 117,249 shares of company stock valued at $18,106,228 over the last ninety days. 0.21% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in ACN. Jacobi Capital Management LLC boosted its holdings in shares of Accenture by 104.8% in the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after acquiring an additional 372 shares during the period. Aevitas Wealth Management Inc. bought a new position in shares of Accenture in the fourth quarter worth $131,000. Santori & Peters Inc. bought a new position in shares of Accenture in the fourth quarter worth $181,000. Americafirst Capital Management LLC bought a new position in shares of Accenture in the third quarter worth $187,000. Finally, Ropes Wealth Advisors LLC boosted its holdings in shares of Accenture by 10.1% in the second quarter. Ropes Wealth Advisors LLC now owns 1,555 shares of the information technology services provider’s stock worth $192,000 after acquiring an additional 143 shares during the period. 75.63% of the stock is owned by institutional investors and hedge funds.
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Accenture Company Profile
Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.
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