Accenture (ACN) Set to Announce Quarterly Earnings on Thursday

Accenture (NYSE:ACNGet Free Report) will be releasing its earnings data before the market opens on Thursday, June 20th. Analysts expect Accenture to post earnings of $3.14 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Accenture (NYSE:ACNGet Free Report) last issued its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.11. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The business had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $15.85 billion. During the same period in the previous year, the company posted $2.69 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts expect Accenture to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Accenture Price Performance

NYSE ACN opened at $285.34 on Wednesday. The business has a fifty day moving average price of $302.44 and a two-hundred day moving average price of $338.04. Accenture has a fifty-two week low of $278.69 and a fifty-two week high of $387.51. The stock has a market capitalization of $191.39 billion, a PE ratio of 25.87, a PEG ratio of 3.12 and a beta of 1.22.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th were paid a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a yield of 1.81%. The ex-dividend date was Wednesday, April 10th. Accenture’s payout ratio is presently 46.78%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ACN. Stifel Nicolaus lowered their price target on shares of Accenture from $395.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, June 12th. Susquehanna reissued a “neutral” rating and set a $360.00 price objective (down previously from $400.00) on shares of Accenture in a research report on Thursday, March 21st. StockNews.com cut shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Piper Sandler Companies dropped their target price on shares of Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Barclays decreased their price target on shares of Accenture from $390.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $360.50.

Check Out Our Latest Stock Analysis on ACN

Insider Buying and Selling at Accenture

In other Accenture news, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the transaction, the insider now owns 13,699 shares in the company, valued at $4,208,606.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the transaction, the insider now owns 13,699 shares in the company, valued at $4,208,606.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kathleen R. Mcclure sold 4,500 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $316.00, for a total transaction of $1,422,000.00. Following the transaction, the chief financial officer now owns 42,781 shares in the company, valued at approximately $13,518,796. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,083 shares of company stock worth $8,959,325. 0.07% of the stock is currently owned by company insiders.

About Accenture

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Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.

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Earnings History for Accenture (NYSE:ACN)

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