Accenture (ACN) Issues FY18 Earnings Guidance
Accenture (NYSE:ACN) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $6.48-6.66 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.56.
A number of research firms have recently issued reports on ACN. Cowen reissued a buy rating and issued a $165.00 target price on shares of Accenture in a report on Thursday, December 14th. Deutsche Bank boosted their target price on Accenture to $165.00 in a report on Monday, December 11th. Robert W. Baird reissued a hold rating and issued a $155.00 target price on shares of Accenture in a report on Thursday, December 7th. Zacks Investment Research raised Accenture from a hold rating to a buy rating and set a $165.00 target price on the stock in a report on Tuesday, November 28th. Finally, Evercore ISI boosted their target price on Accenture from $148.00 to $162.00 and gave the company a reduce rating in a report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Accenture presently has an average rating of Buy and an average target price of $146.42.
Accenture (NYSE:ACN) opened at $151.75 on Thursday. Accenture has a twelve month low of $112.31 and a twelve month high of $153.75. The firm has a market capitalization of $100,458.81, a price-to-earnings ratio of 25.76, a P/E/G ratio of 2.25 and a beta of 1.08.
In other Accenture news, insider Richard P. Clark sold 3,155 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $143.01, for a total transaction of $451,196.55. Following the sale, the insider now directly owns 5,533 shares in the company, valued at $791,274.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gianfranco Casati sold 20,380 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $142.72, for a total value of $2,908,633.60. Following the sale, the insider now owns 51,014 shares in the company, valued at $7,280,718.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,325 shares of company stock worth $11,479,125. 0.21% of the stock is owned by company insiders.
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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