Accenture Plc (NYSE:ACN) Expected to Post Earnings of $1.71 Per Share
Wall Street analysts expect Accenture Plc (NYSE:ACN) to post earnings per share of $1.71 for the current quarter, according to Zacks. Eight analysts have issued estimates for Accenture’s earnings, with estimates ranging from $1.69 to $1.73. Accenture reported earnings per share of $1.58 during the same quarter last year, which would indicate a positive year over year growth rate of 8.2%. The business is scheduled to issue its next earnings report on Thursday, September 26th.
According to Zacks, analysts expect that Accenture will report full year earnings of $7.33 per share for the current year, with EPS estimates ranging from $7.30 to $7.35. For the next fiscal year, analysts expect that the company will post earnings of $7.97 per share, with EPS estimates ranging from $7.88 to $8.10. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Accenture.
Accenture (NYSE:ACN) last released its earnings results on Thursday, June 27th. The information technology services provider reported $1.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.04. Accenture had a net margin of 10.93% and a return on equity of 36.24%. The company had revenue of $11.10 billion for the quarter, compared to analyst estimates of $11.03 billion. During the same quarter last year, the firm earned $1.79 EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year.
In other news, insider Daniel T. London sold 2,283 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $188.03, for a total value of $429,272.49. Following the completion of the sale, the insider now directly owns 27,294 shares of the company’s stock, valued at approximately $5,132,090.82. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Chad T. Jerdee sold 3,247 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $186.34, for a total transaction of $605,045.98. Following the completion of the sale, the general counsel now directly owns 13,271 shares of the company’s stock, valued at $2,472,918.14. The disclosure for this sale can be found here. In the last three months, insiders sold 22,760 shares of company stock worth $4,353,328. Insiders own 0.18% of the company’s stock.
Large investors have recently bought and sold shares of the company. Transamerica Financial Advisors Inc. purchased a new position in Accenture during the 2nd quarter valued at about $641,000. Chartwell Investment Partners LLC raised its holdings in Accenture by 77.4% in the second quarter. Chartwell Investment Partners LLC now owns 48,116 shares of the information technology services provider’s stock worth $8,890,000 after buying an additional 20,991 shares during the last quarter. Colony Group LLC raised its holdings in Accenture by 8.8% in the second quarter. Colony Group LLC now owns 96,069 shares of the information technology services provider’s stock worth $17,751,000 after buying an additional 7,750 shares during the last quarter. TPI Fund Managers Ltd purchased a new position in Accenture in the second quarter worth about $4,653,000. Finally, University of Notre Dame DU Lac purchased a new position in Accenture in the second quarter worth about $9,126,000. 69.77% of the stock is owned by hedge funds and other institutional investors.
Shares of ACN stock traded up $1.53 on Wednesday, hitting $195.73. 876,795 shares of the company’s stock traded hands, compared to its average volume of 1,871,656. Accenture has a one year low of $132.63 and a one year high of $197.47. The company’s fifty day simple moving average is $193.14 and its 200 day simple moving average is $178.17. The stock has a market capitalization of $129.84 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 2.55 and a beta of 1.04.
Accenture Company Profile
Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.
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