Wall Street brokerages expect Accenture Plc (NYSE:ACN) to report earnings per share of $1.49 for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for Accenture’s earnings, with estimates ranging from $1.47 to $1.53. Accenture reported earnings per share of $1.33 in the same quarter last year, which would indicate a positive year over year growth rate of 12%. The business is expected to issue its next quarterly earnings report on Thursday, March 22nd.

According to Zacks, analysts expect that Accenture will report full-year earnings of $6.64 per share for the current year, with EPS estimates ranging from $6.55 to $6.67. For the next financial year, analysts anticipate that the company will report earnings of $7.20 per share, with EPS estimates ranging from $7.00 to $7.39. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Accenture.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.12. The company had revenue of $9.52 billion for the quarter, compared to analysts’ expectations of $9.25 billion. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.58 earnings per share.

Several analysts have recently weighed in on ACN shares. Zacks Investment Research cut Accenture from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Cowen restated a “buy” rating and set a $150.00 price target (up from $135.00) on shares of Accenture in a report on Tuesday, September 19th. Berenberg Bank restated a “buy” rating and set a $160.00 price target on shares of Accenture in a report on Thursday, September 21st. KeyCorp restated a “buy” rating and set a $135.00 price target on shares of Accenture in a report on Friday, September 22nd. Finally, Morgan Stanley boosted their price target on Accenture from $132.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, September 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $156.57.

In other Accenture news, insider ‘T Noordende Alexander M. Van sold 6,500 shares of the stock in a transaction that occurred on Monday, January 1st. The stock was sold at an average price of $153.48, for a total transaction of $997,620.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Richard P. Clark sold 1,433 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $158.37, for a total value of $226,944.21. Following the transaction, the chief accounting officer now owns 8,932 shares in the company, valued at $1,414,560.84. The disclosure for this sale can be found here. Insiders have sold a total of 82,116 shares of company stock worth $12,211,924 over the last 90 days. Company insiders own 0.21% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Accenture by 2.3% during the second quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock worth $5,994,531,000 after purchasing an additional 1,088,676 shares during the period. BlackRock Inc. raised its position in shares of Accenture by 3.0% during the second quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock worth $5,028,772,000 after purchasing an additional 1,196,578 shares during the period. Capital Research Global Investors raised its position in shares of Accenture by 2.2% during the second quarter. Capital Research Global Investors now owns 28,501,643 shares of the information technology services provider’s stock worth $3,525,083,000 after purchasing an additional 605,156 shares during the period. Northern Trust Corp raised its position in shares of Accenture by 0.8% during the second quarter. Northern Trust Corp now owns 9,476,570 shares of the information technology services provider’s stock worth $1,172,063,000 after purchasing an additional 70,740 shares during the period. Finally, Independent Franchise Partners LLP raised its position in shares of Accenture by 3.7% during the third quarter. Independent Franchise Partners LLP now owns 6,293,362 shares of the information technology services provider’s stock worth $850,044,000 after purchasing an additional 222,828 shares during the period. Hedge funds and other institutional investors own 75.28% of the company’s stock.

Accenture (NYSE ACN) traded up $2.22 during trading hours on Wednesday, hitting $160.18. The stock had a trading volume of 725,622 shares, compared to its average volume of 2,266,330. The company has a market capitalization of $102,480.00, a PE ratio of 28.40, a P/E/G ratio of 2.41 and a beta of 1.08. Accenture has a 52 week low of $112.31 and a 52 week high of $160.63.

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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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