Accenture Plc (ACN) Scheduled to Post Quarterly Earnings on Thursday
Accenture Plc (NYSE:ACN) is scheduled to post its quarterly earnings results before the market opens on Thursday, March 23rd. Analysts expect Accenture Plc to post earnings of $1.30 per share for the quarter. Accenture Plc has set its FY17 guidance at $5.64-5.87 EPS.
Accenture Plc (NYSE:ACN) last issued its quarterly earnings data on Wednesday, December 21st. The company reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.09. Accenture Plc had a return on equity of 46.99% and a net margin of 12.34%. The company had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.59 billion. During the same period in the previous year, the firm posted $1.28 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts expect Accenture Plc to post $5.87 EPS for the current fiscal year and $6.41 EPS for the next fiscal year.
Shares of Accenture Plc (NYSE:ACN) opened at 124.39 on Tuesday. Accenture Plc has a 52 week low of $107.14 and a 52 week high of $125.72. The firm’s 50-day moving average price is $120.41 and its 200 day moving average price is $117.98. The company has a market capitalization of $77.45 billion, a PE ratio of 18.41 and a beta of 1.17.
Your IP Address:
In other news, insider Richard Lumb sold 4,400 shares of Accenture Plc stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $120.00, for a total transaction of $528,000.00. Following the sale, the insider now owns 124,475 shares of the company’s stock, valued at approximately $14,937,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Johan Deblaere sold 5,000 shares of Accenture Plc stock in a transaction that occurred on Friday, December 23rd. The shares were sold at an average price of $117.64, for a total transaction of $588,200.00. Following the sale, the chief operating officer now directly owns 132,328 shares in the company, valued at approximately $15,567,065.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,386 shares of company stock worth $2,283,155. Corporate insiders own 0.21% of the company’s stock.
A number of equities research analysts have recently commented on ACN shares. Zacks Investment Research upgraded Accenture Plc from a “sell” rating to a “hold” rating in a research report on Tuesday, March 14th. Berenberg Bank reaffirmed a “buy” rating and issued a $140.00 price target on shares of Accenture Plc in a research note on Sunday, January 8th. Vetr raised shares of Accenture Plc from a “buy” rating to a “strong-buy” rating and set a $130.68 price target on the stock in a research note on Tuesday, January 3rd. Cantor Fitzgerald set a $139.00 price target on shares of Accenture Plc and gave the company a “buy” rating in a research note on Tuesday, December 13th. Finally, Barclays PLC decreased their price target on shares of Accenture Plc from $128.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 22nd. Eleven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $126.71.
About Accenture Plc
Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.
Receive News & Ratings for Accenture Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture Plc and related companies with MarketBeat.com's FREE daily email newsletter.