Zacks: Brokerages Anticipate Accenture PLC (ACN) to Post $1.66 EPS
Brokerages expect Accenture PLC (NYSE:ACN) to announce earnings per share (EPS) of $1.66 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Accenture PLC’s earnings. The lowest EPS estimate is $1.61 and the highest is $1.76. Accenture PLC posted earnings of $1.58 per share in the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The business is expected to issue its next quarterly earnings report on Wednesday, December 20th.
According to Zacks, analysts expect that Accenture PLC will report full-year earnings of $6.54 per share for the current year, with EPS estimates ranging from $6.44 to $6.69. For the next fiscal year, analysts forecast that the firm will post earnings of $7.10 per share, with EPS estimates ranging from $6.97 to $7.22. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Accenture PLC.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.01. The firm had revenue of $9.15 billion during the quarter, compared to analyst estimates of $9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $1.31 earnings per share.
ACN has been the subject of several recent research reports. Stifel Nicolaus increased their price target on Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Wednesday, September 6th. BidaskClub cut Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Cowen and Company reissued a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research note on Friday, July 28th. Finally, Berenberg Bank set a $140.00 price target on Accenture PLC and gave the company a “buy” rating in a research note on Saturday, June 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Accenture PLC presently has a consensus rating of “Buy” and a consensus price target of $138.41.
Shares of Accenture PLC (ACN) traded down 0.92% during mid-day trading on Friday, reaching $135.07. The company had a trading volume of 3,311,992 shares. The firm’s 50-day moving average price is $130.89 and its 200 day moving average price is $124.97. Accenture PLC has a 52-week low of $109.50 and a 52-week high of $138.15. The company has a market cap of $83.41 billion, a price-to-earnings ratio of 24.83 and a beta of 1.11. Accenture PLC also saw some unusual options trading on Wednesday. Stock investors acquired 8,998 put options on the stock. This is an increase of approximately 570% compared to the average daily volume of 1,342 put options.
The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be given a $1.33 dividend. This represents a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s dividend payout ratio is currently 44.49%.
In other news, insider Gianfranco Casati sold 5,000 shares of Accenture PLC stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $130.00, for a total value of $650,000.00. Following the completion of the transaction, the insider now directly owns 56,014 shares in the company, valued at $7,281,820. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Richard Lumb sold 2,200 shares of Accenture PLC stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $129.26, for a total value of $284,372.00. Following the completion of the transaction, the insider now owns 119,013 shares of the company’s stock, valued at $15,383,620.38. The disclosure for this sale can be found here. Insiders sold 20,582 shares of company stock valued at $2,634,573 over the last three months. Company insiders own 0.21% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ropes Wealth Advisors LLC grew its position in shares of Accenture PLC by 0.5% in the first quarter. Ropes Wealth Advisors LLC now owns 1,412 shares of the information technology services provider’s stock valued at $169,000 after purchasing an additional 7 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in shares of Accenture PLC by 0.4% in the second quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock valued at $362,000 after purchasing an additional 12 shares in the last quarter. Glenview Trust Co grew its position in shares of Accenture PLC by 0.3% in the first quarter. Glenview Trust Co now owns 4,935 shares of the information technology services provider’s stock valued at $591,000 after purchasing an additional 15 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Accenture PLC by 2.0% in the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock valued at $117,000 after purchasing an additional 19 shares in the last quarter. Finally, AlphaMark Advisors LLC grew its position in shares of Accenture PLC by 0.9% in the second quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock valued at $287,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 77.73% of the company’s stock.
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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