Accenture PLC (ACN) Expected to Post Q1 2017 Earnings of $1.49 Per Share
Accenture PLC (NYSE:ACN) – Equities research analysts at SunTrust Banks increased their Q1 2017 earnings estimates for shares of Accenture PLC in a report released on Friday. SunTrust Banks analyst F. Atkins now forecasts that the firm will post earnings of $1.49 per share for the quarter, up from their prior estimate of $1.47. SunTrust Banks also issued estimates for Accenture PLC’s Q2 2017 earnings at $1.30 EPS, Q3 2017 earnings at $1.57 EPS, Q4 2017 earnings at $1.54 EPS, FY2017 earnings at $5.90 EPS, Q1 2018 earnings at $1.64 EPS, Q4 2018 earnings at $1.68 EPS and FY2018 earnings at $6.50 EPS.
A number of other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Accenture PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Accenture PLC in a research note on Monday, July 18th. Citigroup Inc. upped their price objective on shares of Accenture PLC from $115.50 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, September 28th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Accenture PLC in a research note on Tuesday, July 19th. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $120.00 price objective on shares of Accenture PLC in a research note on Wednesday, September 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $123.45.
Shares of Accenture PLC (NYSE:ACN) opened at 122.17 on Monday. The firm has a 50-day moving average of $113.85 and a 200 day moving average of $114.57. Accenture PLC has a 52 week low of $91.40 and a 52 week high of $124.96. The firm has a market capitalization of $76.06 billion, a price-to-earnings ratio of 20.65 and a beta of 1.24.
Accenture PLC (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 29th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.01. Accenture PLC had a net margin of 12.00% and a return on equity of 47.07%. The firm had revenue of $8.49 billion for the quarter. During the same quarter in the previous year, the firm posted $1.15 earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis.
In other Accenture PLC news, insider Richard P. Clark sold 876 shares of Accenture PLC stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $113.43, for a total transaction of $99,364.68. Following the completion of the sale, the insider now directly owns 16,396 shares in the company, valued at $1,859,798.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Richard Lumb sold 1,250 shares of Accenture PLC stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $113.12, for a total transaction of $141,400.00. Following the sale, the insider now owns 125,647 shares of the company’s stock, valued at $14,213,188.64. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. FMR LLC raised its stake in shares of Accenture PLC by 39.4% in the second quarter. FMR LLC now owns 12,730,924 shares of the company’s stock valued at $1,442,286,000 after buying an additional 3,595,128 shares during the last quarter. WCM Investment Management CA bought a new stake in shares of Accenture PLC during the second quarter valued at about $223,849,000. Emerald Acquisition Ltd. bought a new stake in shares of Accenture PLC during the second quarter valued at about $175,381,000. Janus Capital Management LLC raised its stake in shares of Accenture PLC by 59.8% in the second quarter. Janus Capital Management LLC now owns 3,670,692 shares of the company’s stock valued at $415,853,000 after buying an additional 1,373,714 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Accenture PLC during the second quarter valued at about $116,516,000. Institutional investors and hedge funds own 77.18% of the company’s stock.
About Accenture PLC
Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Company’s business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Company’s segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources.
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