Analysts Expect Accenture Plc (ACN) Will Announce Earnings of $1.71 Per Share

Analysts expect Accenture Plc (NYSE:ACN) to post earnings per share (EPS) of $1.71 for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Accenture’s earnings. The lowest EPS estimate is $1.66 and the highest is $1.76. Accenture posted earnings of $1.52 per share during the same quarter last year, which suggests a positive year over year growth rate of 12.5%. The business is expected to issue its next earnings report on Thursday, June 28th.

On average, analysts expect that Accenture will report full year earnings of $6.68 per share for the current financial year, with EPS estimates ranging from $6.55 to $6.75. For the next fiscal year, analysts forecast that the firm will post earnings of $7.27 per share, with EPS estimates ranging from $7.04 to $7.43. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Accenture.

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Accenture (NYSE:ACN) last announced its earnings results on Thursday, March 22nd. The information technology services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.31 billion. Accenture had a return on equity of 41.50% and a net margin of 9.18%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 earnings per share.

A number of brokerages recently commented on ACN. KeyCorp upped their target price on Accenture from $172.00 to $181.00 and gave the company a “positive” rating in a report on Monday, March 19th. Pivotal Research restated a “buy” rating and set a $180.00 target price on shares of Accenture in a report on Wednesday. Sanford C. Bernstein began coverage on Accenture in a report on Wednesday, March 28th. They set an “outperform” rating and a $180.00 target price for the company. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $172.00 target price for the company in a report on Wednesday, December 27th. Finally, Morgan Stanley upgraded Accenture from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $159.00 to $140.00 in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $161.80.

In other news, CEO Pierre Nanterme sold 36,858 shares of the stock in a transaction on Monday, March 26th. The stock was sold at an average price of $150.80, for a total value of $5,558,186.40. Following the sale, the chief executive officer now directly owns 357,405 shares of the company’s stock, valued at $53,896,674. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jean-Marc Ollagnier sold 1,637 shares of the stock in a transaction on Monday, March 26th. The shares were sold at an average price of $150.87, for a total value of $246,974.19. Following the sale, the insider now directly owns 186,112 shares in the company, valued at $28,078,717.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,825 shares of company stock worth $17,162,566. Insiders own 0.21% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Chemical Bank boosted its position in shares of Accenture by 5.3% during the fourth quarter. Chemical Bank now owns 33,990 shares of the information technology services provider’s stock valued at $5,204,000 after buying an additional 1,700 shares during the last quarter. Wagner Wealth Management LLC purchased a new stake in shares of Accenture during the fourth quarter valued at $179,000. Colonial Trust Advisors boosted its position in shares of Accenture by 39.2% during the fourth quarter. Colonial Trust Advisors now owns 46,129 shares of the information technology services provider’s stock valued at $7,062,000 after buying an additional 12,992 shares during the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of Accenture by 6.0% during the fourth quarter. Xact Kapitalforvaltning AB now owns 129,257 shares of the information technology services provider’s stock valued at $19,788,000 after buying an additional 7,343 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Accenture by 3.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 266,793 shares of the information technology services provider’s stock valued at $40,843,000 after buying an additional 8,660 shares during the last quarter. 75.59% of the stock is currently owned by institutional investors.

Shares of Accenture stock opened at $148.40 on Thursday. The company has a market cap of $96,594.02, a P/E ratio of 25.11, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04. Accenture has a 52 week low of $114.82 and a 52 week high of $165.58.

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Accenture 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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Earnings History and Estimates for Accenture (NYSE:ACN)

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