FY2020 EPS Estimates for Accenture Plc Decreased by Analyst (NYSE:ACN)
Accenture Plc (NYSE:ACN) – Investment analysts at Wedbush decreased their FY2020 earnings estimates for Accenture in a research note issued to investors on Thursday, June 25th. Wedbush analyst M. Katri now forecasts that the information technology services provider will earn $7.65 per share for the year, down from their previous forecast of $7.70. Wedbush has a “Outperform” rating on the stock. Wedbush also issued estimates for Accenture’s Q4 2020 earnings at $1.75 EPS, Q1 2021 earnings at $2.14 EPS, Q2 2021 earnings at $1.88 EPS, Q3 2021 earnings at $2.16 EPS, Q4 2021 earnings at $2.01 EPS and FY2021 earnings at $8.19 EPS.
Accenture (NYSE:ACN) last released its earnings results on Thursday, June 25th. The information technology services provider reported $1.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.06. Accenture had a return on equity of 32.04% and a net margin of 11.11%. The firm had revenue of $10.99 billion for the quarter, compared to analysts’ expectations of $10.89 billion. During the same quarter in the previous year, the business posted $1.93 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis.
Accenture stock opened at $212.72 on Monday. Accenture has a 12-month low of $137.15 and a 12-month high of $217.89. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average price is $199.62 and its two-hundred day moving average price is $193.06. The stock has a market cap of $134.08 billion, a PE ratio of 27.84, a P/E/G ratio of 2.78 and a beta of 1.06.
Several large investors have recently modified their holdings of ACN. Victory Capital Management Inc. raised its stake in shares of Accenture by 15.4% during the 4th quarter. Victory Capital Management Inc. now owns 58,517 shares of the information technology services provider’s stock valued at $12,322,000 after buying an additional 7,804 shares during the last quarter. Chicago Equity Partners LLC boosted its holdings in shares of Accenture by 49.5% during the 4th quarter. Chicago Equity Partners LLC now owns 4,200 shares of the information technology services provider’s stock worth $884,000 after purchasing an additional 1,390 shares during the last quarter. Mutual Advisors LLC acquired a new position in shares of Accenture during the 4th quarter worth approximately $203,000. KBC Group NV boosted its holdings in shares of Accenture by 26.1% during the 4th quarter. KBC Group NV now owns 205,162 shares of the information technology services provider’s stock worth $43,201,000 after purchasing an additional 42,525 shares during the last quarter. Finally, Blue Chip Partners Inc. acquired a new position in shares of Accenture during the 4th quarter worth approximately $145,000. 73.64% of the stock is currently owned by institutional investors.
In other Accenture news, insider Jean-Marc Ollagnier sold 4,499 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $175.21, for a total value of $788,269.79. Following the transaction, the insider now directly owns 180,110 shares of the company’s stock, valued at $31,557,073.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Johan Deblaere sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $175.26, for a total value of $525,780.00. Following the completion of the transaction, the chief operating officer now directly owns 62,269 shares in the company, valued at $10,913,264.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,221 shares of company stock worth $4,169,477. Insiders own 0.10% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 16th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.50%. The ex-dividend date is Wednesday, July 15th. Accenture’s dividend payout ratio (DPR) is presently 43.48%.
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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