Accenture (NYSE:ACN) Issues FY 2022 Earnings Guidance

Accenture (NYSE:ACN) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $9.900-$10.180 for the period, compared to the Thomson Reuters consensus estimate of $9.870. The company issued revenue guidance of $56.60 billion-$58.11 billion, compared to the consensus revenue estimate of $55.59 billion.Accenture also updated its Q1 2022 guidance to EPS.

ACN stock opened at $345.80 on Thursday. The stock’s 50 day simple moving average is $332.75 and its 200 day simple moving average is $308.06. Accenture has a fifty-two week low of $212.45 and a fifty-two week high of $350.76. The company has a market cap of $219.46 billion, a P/E ratio of 38.68, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Wednesday, September 22nd. The information technology services provider reported $2.20 EPS for the quarter, beating the Zacks’ consensus estimate of $2.19 by $0.01. The company had revenue of $13.42 billion during the quarter, compared to the consensus estimate of $13.42 billion. Accenture had a return on equity of 28.94% and a net margin of 12.06%. Accenture’s revenue was up 23.8% on a year-over-year basis. During the same period last year, the business posted $1.70 earnings per share. Equities analysts predict that Accenture will post 8.79 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 15th. Shareholders of record on Thursday, October 14th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.12%. This is a positive change from Accenture’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, October 13th. Accenture’s dividend payout ratio is 52.01%.

Accenture declared that its Board of Directors has authorized a stock repurchase plan on Thursday, September 23rd that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the information technology services provider to purchase up to 1.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Several equities analysts have weighed in on the company. Citigroup increased their price objective on Accenture from $340.00 to $390.00 and gave the company a buy rating in a report on Friday, September 24th. increased their price objective on Accenture from $310.00 to $340.00 and gave the company a buy rating in a report on Friday, June 25th. Piper Sandler raised their price target on Accenture from $302.00 to $354.00 and gave the stock a neutral rating in a report on Friday, September 24th. Robert W. Baird reaffirmed a hold rating on shares of Accenture in a report on Sunday, September 19th. Finally, Barclays raised their price target on Accenture from $335.00 to $384.00 and gave the stock an overweight rating in a report on Monday, September 27th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of $352.42.

In other news, COO Johan Deblaere sold 3,000 shares of Accenture stock in a transaction dated Friday, October 15th. The stock was sold at an average price of $340.84, for a total value of $1,022,520.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jean-Marc Ollagnier sold 581 shares of Accenture stock in a transaction dated Monday, September 27th. The stock was sold at an average price of $334.78, for a total value of $194,507.18. The disclosure for this sale can be found here. Insiders have sold 13,323 shares of company stock worth $4,472,984 in the last 90 days. Company insiders own 0.07% of the company’s stock.

An institutional investor recently bought a new position in Accenture stock. OLD Mission Capital LLC acquired a new stake in shares of Accenture plc (NYSE:ACN) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 986 shares of the information technology services provider’s stock, valued at approximately $223,000. Institutional investors own 73.20% of the company’s stock.

Accenture Company Profile

Accenture Plc engages in the provision of management consulting, technology, and outsourcing services. It operates through the following segments: Communications, Media, and Technology; Financial Services; Health and Public Service; Products; Resources; and Other. The Communications, Media, and Technology segment serves communications, media, high-tech, and software and platform companies through acceleration and delivery of digital transformation, development of comprehensive and industry-specific solutions, and enhance efficiency and business results.

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Earnings History and Estimates for Accenture (NYSE:ACN)

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