Equities research analysts expect Accenture Plc (NYSE:ACN) to post $1.57 earnings per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Accenture’s earnings, with the highest EPS estimate coming in at $1.61 and the lowest estimate coming in at $1.53. Accenture reported earnings of $1.58 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 0.6%. The firm is scheduled to report its next quarterly earnings report before the market opens on Thursday, March 28th.

According to Zacks, analysts expect that Accenture will report full year earnings of $7.20 per share for the current financial year, with EPS estimates ranging from $7.13 to $7.33. For the next financial year, analysts anticipate that the firm will report earnings of $7.84 per share, with EPS estimates ranging from $7.72 to $8.10. Zacks’ EPS averages are an average based on a survey of research analysts that cover Accenture.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, December 20th. The information technology services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.12. Accenture had a return on equity of 40.31% and a net margin of 9.99%. The firm had revenue of $10.61 billion during the quarter, compared to analysts’ expectations of $10.54 billion. During the same period last year, the business posted $1.79 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year.

ACN has been the subject of several recent research reports. Zacks Investment Research cut Accenture from a “hold” rating to a “sell” rating in a research report on Wednesday, November 28th. Cantor Fitzgerald reiterated a “buy” rating and set a $193.00 price target on shares of Accenture in a research report on Thursday, December 13th. Citigroup reduced their price target on Accenture from $172.00 to $161.00 and set a “neutral” rating for the company in a research report on Wednesday, December 19th. KeyCorp reduced their price target on Accenture from $186.00 to $182.00 and set an “overweight” rating for the company in a research report on Wednesday, December 19th. Finally, Robert W. Baird reduced their price target on Accenture from $176.00 to $156.00 and set a “neutral” rating for the company in a research report on Friday, December 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company’s stock. Accenture currently has an average rating of “Buy” and a consensus price target of $173.84.

ACN stock traded down $0.54 during trading on Thursday, hitting $161.85. 1,654,900 shares of the company traded hands, compared to its average volume of 1,928,244. The stock has a market cap of $107.28 billion, a P/E ratio of 24.01, a P/E/G ratio of 2.17 and a beta of 1.10. Accenture has a 1 year low of $132.63 and a 1 year high of $175.64.

In other news, CEO Pierre Nanterme sold 37,846 shares of Accenture stock in a transaction that occurred on Monday, December 24th. The stock was sold at an average price of $135.16, for a total value of $5,115,265.36. Following the sale, the chief executive officer now directly owns 368,212 shares of the company’s stock, valued at $49,767,533.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $155.88, for a total value of $311,760.00. Following the completion of the sale, the insider now directly owns 131,024 shares in the company, valued at $20,424,021.12. The disclosure for this sale can be found here. Insiders sold 61,033 shares of company stock valued at $8,466,177 over the last 90 days. Company insiders own 0.18% of the company’s stock.

Several large investors have recently modified their holdings of the company. Rehmann Capital Advisory Group boosted its stake in Accenture by 1.2% during the fourth quarter. Rehmann Capital Advisory Group now owns 5,582 shares of the information technology services provider’s stock worth $787,000 after buying an additional 67 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Accenture by 15.6% during the fourth quarter. Global Retirement Partners LLC now owns 496 shares of the information technology services provider’s stock worth $70,000 after buying an additional 67 shares during the last quarter. South State Corp boosted its stake in Accenture by 0.9% during the fourth quarter. South State Corp now owns 7,531 shares of the information technology services provider’s stock worth $1,062,000 after buying an additional 69 shares during the last quarter. WealthTrust Arizona LLC boosted its stake in Accenture by 25.1% during the fourth quarter. WealthTrust Arizona LLC now owns 359 shares of the information technology services provider’s stock worth $51,000 after buying an additional 72 shares during the last quarter. Finally, Granite Investment Advisors LLC boosted its stake in Accenture by 0.3% during the fourth quarter. Granite Investment Advisors LLC now owns 23,544 shares of the information technology services provider’s stock worth $3,320,000 after buying an additional 73 shares during the last quarter. 70.19% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Accenture (NYSE:ACN)

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