$2.23 Earnings Per Share Expected for Accenture plc (NYSE:ACN) This Quarter

Equities analysts expect Accenture plc (NYSE:ACN) to report earnings of $2.23 per share for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Accenture’s earnings, with the highest EPS estimate coming in at $2.30 and the lowest estimate coming in at $2.15. Accenture reported earnings of $1.90 per share during the same quarter last year, which would indicate a positive year over year growth rate of 17.4%. The business is scheduled to issue its next quarterly earnings results on Thursday, June 24th.

According to Zacks, analysts expect that Accenture will report full-year earnings of $8.48 per share for the current financial year, with EPS estimates ranging from $8.41 to $8.56. For the next year, analysts anticipate that the company will report earnings of $9.37 per share, with EPS estimates ranging from $9.12 to $9.92. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Accenture.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Wednesday, March 17th. The information technology services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.13. Accenture had a net margin of 11.74% and a return on equity of 29.32%. The business had revenue of $12.09 billion during the quarter, compared to analysts’ expectations of $11.83 billion. During the same period last year, the firm posted $1.91 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis.

ACN has been the topic of several research reports. Piper Sandler upped their price target on Accenture from $210.00 to $282.00 and gave the company a “neutral” rating in a report on Friday, December 18th. JPMorgan Chase & Co. lifted their price target on Accenture from $252.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, December 11th. BMO Capital Markets upped their price objective on shares of Accenture from $292.00 to $302.00 and gave the company a “market perform” rating in a research note on Thursday, March 25th. Smith Barney Citigroup boosted their price target on shares of Accenture from $265.00 to $303.00 in a report on Friday, December 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Accenture from $278.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. Accenture presently has an average rating of “Buy” and a consensus price target of $267.96.

In related news, CAO Richard P. Clark sold 3,115 shares of the company’s stock in a transaction on Tuesday, January 19th. The stock was sold at an average price of $255.85, for a total value of $796,972.75. Following the completion of the transaction, the chief accounting officer now directly owns 18,705 shares in the company, valued at $4,785,674.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Johan Deblaere sold 8,000 shares of the firm’s stock in a transaction on Friday, March 26th. The stock was sold at an average price of $280.00, for a total value of $2,240,000.00. Following the completion of the transaction, the chief operating officer now directly owns 52,579 shares of the company’s stock, valued at $14,722,120. The disclosure for this sale can be found here. Insiders have sold 39,482 shares of company stock valued at $10,186,569 in the last ninety days. 0.07% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of ACN. Treasurer of the State of North Carolina lifted its holdings in shares of Accenture by 0.4% during the fourth quarter. Treasurer of the State of North Carolina now owns 268,695 shares of the information technology services provider’s stock valued at $70,186,000 after acquiring an additional 1,000 shares during the period. Intrepid Capital Management Inc. boosted its position in Accenture by 37.0% in the fourth quarter. Intrepid Capital Management Inc. now owns 12,595 shares of the information technology services provider’s stock valued at $3,290,000 after buying an additional 3,404 shares in the last quarter. Sompo Asset Management Co. Ltd. grew its stake in Accenture by 8.4% during the fourth quarter. Sompo Asset Management Co. Ltd. now owns 42,060 shares of the information technology services provider’s stock worth $10,986,000 after buying an additional 3,270 shares during the last quarter. Gateway Investment Advisers LLC increased its holdings in shares of Accenture by 23.3% during the fourth quarter. Gateway Investment Advisers LLC now owns 11,229 shares of the information technology services provider’s stock worth $2,933,000 after buying an additional 2,121 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Accenture by 2.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 29,506 shares of the information technology services provider’s stock worth $7,706,000 after acquiring an additional 720 shares in the last quarter. 70.99% of the stock is owned by hedge funds and other institutional investors.

Shares of ACN stock traded up $2.22 during mid-day trading on Thursday, hitting $284.79. 6,190 shares of the stock traded hands, compared to its average volume of 2,154,414. The firm has a market cap of $181.17 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 3.09 and a beta of 1.08. The company’s 50-day simple moving average is $263.45 and its 200-day simple moving average is $248.56. Accenture has a twelve month low of $165.07 and a twelve month high of $283.63.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 14th. Shareholders of record on Thursday, April 15th will be given a $0.88 dividend. The ex-dividend date is Wednesday, April 14th. This represents a $3.52 annualized dividend and a yield of 1.24%. Accenture’s dividend payout ratio is 47.18%.

Accenture Company Profile

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company also provides outsourcing services. It serves communications, media, high tech, software, and platform companies; banking, capital market, and insurance industries; and consumer goods, retail, travel services, industrial, and life science industries, as well as clients in health, public service, chemicals and natural resources, energy, and utilities sectors.

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Earnings History and Estimates for Accenture (NYSE:ACN)

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