Accenture (NYSE:ACN) is scheduled to release its earnings data before the market opens on Thursday, December 21st. Analysts expect Accenture to post earnings of $1.67 per share for the quarter. Accenture has set its FY18 guidance at $6.36-6.60 EPS.
Accenture (NYSE:ACN) last issued its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion during the quarter, compared to analysts’ expectations of $9.01 billion. Accenture had a net margin of 9.37% and a return on equity of 42.65%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.31 earnings per share. On average, analysts expect Accenture to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Accenture (NYSE:ACN) opened at $151.42 on Thursday. The stock has a market cap of $99,449.07, a PE ratio of 25.50, a price-to-earnings-growth ratio of 2.23 and a beta of 1.08. Accenture has a twelve month low of $112.31 and a twelve month high of $152.80.
The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th were issued a $1.33 dividend. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a yield of 1.97%. Accenture’s dividend payout ratio (DPR) is presently 48.90%.
Several brokerages have issued reports on ACN. Berenberg Bank reaffirmed a “buy” rating and issued a $160.00 target price on shares of Accenture in a report on Thursday, September 21st. Cowen reissued a “buy” rating and set a $150.00 price objective (up from $135.00) on shares of Accenture in a report on Tuesday, September 19th. Societe Generale cut shares of Accenture from a “buy” rating to a “hold” rating and set a $144.00 price objective for the company. in a report on Thursday, September 28th. Susquehanna Bancshares reissued a “neutral” rating and set a $144.00 price objective on shares of Accenture in a report on Tuesday, October 3rd. Finally, KeyCorp reissued a “buy” rating and set a $135.00 price objective on shares of Accenture in a report on Friday, September 22nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $145.77.
In related news, CFO David Rowland sold 3,702 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.04, for a total transaction of $499,918.08. Following the completion of the sale, the chief financial officer now directly owns 9,864 shares in the company, valued at $1,332,034.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.06, for a total transaction of $297,132.00. Following the sale, the insider now owns 118,085 shares of the company’s stock, valued at $15,948,560.10. The disclosure for this sale can be found here. Insiders have sold 83,325 shares of company stock valued at $11,479,125 over the last 90 days. 0.21% of the stock is currently owned by company insiders.
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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