Accenture (ACN) to Release Earnings on Thursday

Accenture (NYSE:ACN) is set to release its earnings data before the market opens on Thursday, September 27th. Analysts expect Accenture to post earnings of $1.55 per share for the quarter. Accenture has set its FY18 guidance at $6.66-6.71 EPS.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 28th. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.07. The firm had revenue of $10.32 billion for the quarter, compared to analyst estimates of $10.04 billion. Accenture had a net margin of 9.76% and a return on equity of 42.01%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.52 earnings per share. On average, analysts expect Accenture to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Accenture stock opened at $172.63 on Tuesday. The company has a market capitalization of $117.52 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 2.34 and a beta of 0.97. Accenture has a 1 year low of $132.27 and a 1 year high of $175.64.

Several research firms have issued reports on ACN. Cantor Fitzgerald lifted their price target on shares of Accenture from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, June 29th. Deutsche Bank lifted their price target on shares of Accenture from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, September 20th. BMO Capital Markets lifted their price target on shares of Accenture to $170.00 and gave the stock a “market perform” rating in a research report on Friday, June 29th. Citigroup lifted their price target on shares of Accenture from $159.00 to $163.00 and gave the stock a “neutral” rating in a research report on Friday, June 29th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $79.00 price objective on shares of Accenture in a research note on Friday, June 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $167.43.

In other Accenture news, insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction on Friday, July 20th. The shares were sold at an average price of $166.66, for a total transaction of $333,320.00. Following the completion of the sale, the insider now owns 118,561 shares of the company’s stock, valued at approximately $19,759,376.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ellyn Shook sold 4,375 shares of Accenture stock in a transaction on Monday, July 16th. The shares were sold at an average price of $168.02, for a total transaction of $735,087.50. Following the sale, the insider now directly owns 31,707 shares of the company’s stock, valued at approximately $5,327,410.14. The disclosure for this sale can be found here. Insiders sold a total of 54,357 shares of company stock valued at $8,865,112 in the last ninety days. Company insiders own 0.21% 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.

Further Reading: Outstanding Shares and The Effect on Share Price

Earnings History for Accenture (NYSE:ACN)

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