Wall Street brokerages expect Accenture Plc (NYSE:ACN) to report $9.30 billion in sales for the current quarter, according to Zacks. Nine analysts have made estimates for Accenture’s earnings, with estimates ranging from $9.23 billion to $9.40 billion. Accenture posted sales of $8.32 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 11.8%. The firm is scheduled to announce its next quarterly earnings report on Thursday, March 22nd.
On average, analysts expect that Accenture will report full year sales of $9.30 billion for the current fiscal year, with estimates ranging from $37.70 billion to $38.62 billion. For the next financial year, analysts forecast that the company will post sales of $40.81 billion per share, with estimates ranging from $40.36 billion to $41.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Accenture.
Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.12. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The firm had revenue of $9.52 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis.
ACN has been the topic of a number of recent analyst reports. Robert W. Baird reiterated a “hold” rating and set a $155.00 price target on shares of Accenture in a report on Thursday, December 7th. Royal Bank of Canada increased their price target on shares of Accenture from $145.00 to $148.00 and gave the company an “outperform” rating in a report on Friday, September 29th. Pivotal Research set a $180.00 price target on shares of Accenture and gave the company a “buy” rating in a report on Wednesday, January 3rd. KeyCorp reiterated a “buy” rating and set a $149.00 price target on shares of Accenture in a report on Thursday, September 28th. Finally, Societe Generale cut shares of Accenture from a “buy” rating to a “hold” rating and set a $144.00 price target on the stock. in a report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $156.57.
Shares of Accenture (NYSE:ACN) opened at $160.94 on Friday. Accenture has a fifty-two week low of $112.31 and a fifty-two week high of $161.08. The company has a market cap of $103,180.00, a P/E ratio of 28.54, a PEG ratio of 2.41 and a beta of 1.08.
In other Accenture news, CAO Richard P. Clark sold 1,433 shares of the stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $158.37, for a total value of $226,944.21. Following the transaction, the chief accounting officer now directly owns 8,932 shares in the company, valued at $1,414,560.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ellyn Shook sold 4,375 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $159.25, for a total transaction of $696,718.75. Following the completion of the transaction, the insider now owns 41,595 shares in the company, valued at $6,624,003.75. The disclosure for this sale can be found here. Insiders sold 84,291 shares of company stock worth $12,602,974 over the last quarter. Insiders own 0.21% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of Accenture during the 2nd quarter valued at $533,000. Jacobi Capital Management LLC raised its position in shares of Accenture by 104.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after purchasing an additional 372 shares during the period. TCI Wealth Advisors Inc. raised its position in shares of Accenture by 23.4% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 162 shares during the period. Manchester Capital Management LLC raised its position in shares of Accenture by 7.0% during the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after purchasing an additional 60 shares during the period. Finally, Captrust Financial Advisors bought a new stake in shares of Accenture during the 2nd quarter valued at $129,000. Institutional investors and hedge funds own 75.28% of the company’s stock.
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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