Accenture (ACN) Issues FY19 Earnings Guidance

Accenture (NYSE:ACN) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $6.98-7.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.28. The company issued revenue guidance of +5-8% to ~$41.6-42.8 billion, compared to the consensus revenue estimate of $42.11 billion.

Shares of Accenture stock opened at $172.97 on Thursday. Accenture has a 1 year low of $132.27 and a 1 year high of $175.64. The company has a market cap of $116.60 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 2.32 and a beta of 0.97.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.02. Accenture had a net margin of 9.76% and a return on equity of 42.01%. The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same period in the previous year, the business posted $1.48 earnings per share. Accenture’s revenue for the quarter was up 10.9% on a year-over-year basis. equities research analysts anticipate that Accenture will post 6.71 EPS for the current year.

Several equities research analysts have issued reports on ACN shares. Zacks Investment Research lowered shares of Accenture from a buy rating to a hold rating in a research report on Tuesday, June 5th. Pivotal Research set a $180.00 target price on shares of Accenture and gave the company a buy rating in a research report on Tuesday, June 5th. UBS Group upgraded shares of Accenture from a neutral rating to a positive rating in a report on Tuesday, June 19th. Susquehanna Bancshares upgraded shares of Accenture from a neutral rating to a positive rating and boosted their price objective for the stock from $165.00 to $190.00 in a report on Tuesday, June 19th. Finally, Stifel Nicolaus boosted their price objective on shares of Accenture from $170.00 to $179.00 and gave the stock a buy rating in a report on Thursday, June 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. Accenture currently has a consensus rating of Hold and an average target price of $167.98.

In related news, COO Johan Deblaere sold 5,000 shares of Accenture stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $162.36, for a total value of $811,800.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Daniel T. London sold 1,930 shares of Accenture stock in a transaction on Monday, August 6th. The stock was sold at an average price of $160.36, for a total transaction of $309,494.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,357 shares of company stock worth $8,865,112. 0.21% of the stock is owned by insiders.

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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