Accenture (NYSE:ACN) is scheduled to post its quarterly earnings results before the market opens on Thursday, December 20th. Analysts expect Accenture to post earnings of $1.84 per share for the quarter. Accenture has set its FY19 guidance at $6.98-7.25 EPS.
Accenture (NYSE:ACN) last posted its earnings results on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.02. The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $10.01 billion. Accenture had a net margin of 9.76% and a return on equity of 41.92%. Accenture’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.48 EPS. On average, analysts expect Accenture to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
NYSE:ACN opened at $158.62 on Thursday. The stock has a market capitalization of $104.59 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 2.11 and a beta of 1.01. Accenture has a 1-year low of $146.05 and a 1-year high of $175.64.
The company also recently announced a semiannual dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, October 18th were issued a $1.46 dividend. This represents a yield of 1.68%. This is a positive change from Accenture’s previous semiannual dividend of $1.21. The ex-dividend date of this dividend was Wednesday, October 17th. Accenture’s payout ratio is presently 43.32%.
In other news, COO Johan Deblaere sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $173.43, for a total value of $867,150.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Pierre Nanterme sold 30,117 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $173.45, for a total transaction of $5,223,793.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,717 shares of company stock worth $13,041,890. Company insiders own 0.21% of the company’s stock.
Several equities analysts have weighed in on the stock. UBS Group set a $180.00 target price on shares of Accenture and gave the company a “hold” rating in a report on Wednesday, September 26th. Zacks Investment Research lowered shares of Accenture from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. SunTrust Banks boosted their target price on shares of Accenture to $178.00 and gave the company a “hold” rating in a report on Monday, October 1st. Deutsche Bank boosted their target price on shares of Accenture from $170.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, September 20th. Finally, Berenberg Bank upgraded shares of Accenture to a “buy” rating and set a $190.00 target price on the stock in a report on Thursday, September 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the stock. Accenture currently has a consensus rating of “Buy” and a consensus price target of $177.02.
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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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