Q1 2018 EPS Estimates for Accenture PLC Boosted by Analyst (ACN)
Accenture PLC (NYSE:ACN) – Analysts at Wedbush raised their Q1 2018 EPS estimates for shares of Accenture PLC in a research report issued to clients and investors on Thursday. Wedbush analyst M. Katri now forecasts that the information technology services provider will post earnings of $1.66 per share for the quarter, up from their prior estimate of $1.64. Wedbush also issued estimates for Accenture PLC’s Q4 2018 earnings at $1.71 EPS, FY2018 earnings at $6.51 EPS, Q1 2019 earnings at $1.69 EPS, Q2 2019 earnings at $1.54 EPS, Q3 2019 earnings at $1.85 EPS and FY2019 earnings at $7.05 EPS.
Several other analysts have also commented on ACN. Berenberg Bank set a $140.00 price objective on Accenture PLC and gave the stock a “buy” rating in a report on Saturday, June 24th. SunTrust Banks, Inc. set a $130.00 target price on shares of Accenture PLC and gave the stock a “hold” rating in a report on Sunday. UBS AG cut shares of Accenture PLC from a “positive” rating to a “neutral” rating in a research note on Tuesday. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $144.00 price target on shares of Accenture PLC in a research note on Tuesday. Finally, Cowen and Company reiterated a “buy” rating and set a $135.00 target price on shares of Accenture PLC in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $140.38.
Shares of Accenture PLC (NYSE:ACN) traded down 0.83% during trading on Monday, reaching $134.31. The company’s stock had a trading volume of 1,251,135 shares. The stock’s 50 day moving average is $132.82 and its 200 day moving average is $125.81. The firm has a market cap of $82.94 billion, a P/E ratio of 24.68 and a beta of 1.08. Accenture PLC has a one year low of $112.31 and a one year high of $138.70.
Accenture PLC (NYSE:ACN) last released its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The firm had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter in the prior year, the company posted $1.31 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis.
A number of large investors have recently made changes to their positions in the stock. Bath Savings Trust Co lifted its holdings in Accenture PLC by 1.7% in the third quarter. Bath Savings Trust Co now owns 31,375 shares of the information technology services provider’s stock valued at $4,237,000 after acquiring an additional 530 shares during the period. Intl Fcstone Inc. purchased a new stake in shares of Accenture PLC in the 2nd quarter worth about $1,876,000. Toronto Dominion Bank boosted its position in shares of Accenture PLC by 25.0% in the 2nd quarter. Toronto Dominion Bank now owns 210,091 shares of the information technology services provider’s stock worth $25,979,000 after buying an additional 42,063 shares in the last quarter. Rikoon Group LLC purchased a new stake in shares of Accenture PLC in the 2nd quarter worth about $521,000. Finally, Cetera Investment Advisers boosted its position in shares of Accenture PLC by 5.2% in the 2nd quarter. Cetera Investment Advisers now owns 4,558 shares of the information technology services provider’s stock worth $562,000 after buying an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.
In other news, insider Ellyn Shook sold 4,400 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $125.00, for a total value of $550,000.00. Following the transaction, the insider now owns 37,344 shares of the company’s stock, valued at $4,668,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $127.51, for a total value of $280,522.00. Following the completion of the transaction, the insider now directly owns 119,942 shares in the company, valued at approximately $15,293,804.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,582 shares of company stock valued at $2,634,573. Insiders own 0.21% of the company’s stock.
The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be given a $1.33 dividend. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture PLC’s dividend payout ratio (DPR) is presently 44.49%.
Accenture PLC 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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