Analysts expect that Accenture Plc (NYSE:ACN) will post earnings of $1.55 per share for the current quarter, according to Zacks. Nine analysts have provided estimates for Accenture’s earnings. The lowest EPS estimate is $1.54 and the highest is $1.60. Accenture reported earnings of $1.48 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 4.7%. The business is scheduled to issue its next earnings report before the market opens on Thursday, September 27th.

On average, analysts expect that Accenture will report full-year earnings of $6.71 per share for the current fiscal year, with EPS estimates ranging from $6.70 to $6.76. For the next fiscal year, analysts anticipate that the firm will report earnings of $7.20 per share, with EPS estimates ranging from $7.00 to $7.44. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Accenture.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, June 28th. The information technology services provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.72 by $0.07. The business had revenue of $10.32 billion for the quarter, compared to the consensus estimate of $10.04 billion. Accenture had a return on equity of 42.01% and a net margin of 9.76%. The company’s revenue was up 16.3% on a year-over-year basis. During the same period last year, the business posted $1.52 EPS.

Several equities research analysts recently commented on ACN shares. Stifel Nicolaus raised their target price on Accenture from $170.00 to $179.00 and gave the company a “buy” rating in a report on Thursday, June 21st. BMO Capital Markets raised their target price on Accenture to $170.00 and gave the company a “market perform” rating in a report on Friday, June 29th. Credit Suisse Group raised their target price on Accenture from $151.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, June 29th. Pivotal Research set a $180.00 target price on Accenture and gave the company a “buy” rating in a report on Monday, June 11th. Finally, Citigroup raised their target price on Accenture from $159.00 to $163.00 and gave the company a “neutral” rating in a report on Friday, June 29th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company. Accenture presently has a consensus rating of “Hold” and an average target price of $162.11.

Shares of NYSE:ACN opened at $168.63 on Tuesday. The stock has a market cap of $113.12 billion, a P/E ratio of 25.25, a P/E/G ratio of 2.42 and a beta of 0.96. Accenture has a one year low of $128.29 and a one year high of $169.92.

In other Accenture news, General Counsel Chad T. Jerdee sold 1,141 shares of Accenture stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $162.30, for a total transaction of $185,184.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Pierre Nanterme sold 32,376 shares of Accenture stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $162.39, for a total value of $5,257,538.64. The disclosure for this sale can be found here. Insiders have sold a total of 54,357 shares of company stock worth $8,865,112 over the last 90 days. 0.21% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of ACN. Summit Trail Advisors LLC increased its holdings in Accenture by 14,894.9% during the 1st quarter. Summit Trail Advisors LLC now owns 5,129,307 shares of the information technology services provider’s stock worth $5,129,000 after purchasing an additional 5,095,100 shares during the last quarter. BlackRock Inc. grew its position in shares of Accenture by 7.2% in the 1st quarter. BlackRock Inc. now owns 42,348,766 shares of the information technology services provider’s stock worth $6,500,537,000 after acquiring an additional 2,861,472 shares in the last quarter. Charles Schwab Investment Advisory Inc. acquired a new position in shares of Accenture in the 2nd quarter worth approximately $270,434,000. Robeco Institutional Asset Management B.V. grew its position in shares of Accenture by 656.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 957,614 shares of the information technology services provider’s stock worth $146,994,000 after acquiring an additional 830,948 shares in the last quarter. Finally, Findlay Park Partners LLP grew its position in shares of Accenture by 18.3% in the 2nd quarter. Findlay Park Partners LLP now owns 3,384,829 shares of the information technology services provider’s stock worth $553,724,000 after acquiring an additional 524,190 shares in the last quarter. Institutional investors own 70.50% of the company’s stock.

Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

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Earnings History and Estimates for Accenture (NYSE:ACN)

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