Analysts Anticipate Accenture Plc (ACN) Will Post Earnings of $1.84 Per Share
Analysts expect that Accenture Plc (NYSE:ACN) will announce earnings of $1.84 per share for the current quarter, according to Zacks. Six analysts have provided estimates for Accenture’s earnings. The highest EPS estimate is $1.88 and the lowest is $1.82. Accenture posted earnings per share of $1.79 during the same quarter last year, which would indicate a positive year over year growth rate of 2.8%. The firm is scheduled to report its next earnings results before the market opens on Thursday, December 20th.
According to Zacks, analysts expect that Accenture will report full-year earnings of $7.21 per share for the current financial year, with EPS estimates ranging from $7.15 to $7.42. For the next fiscal year, analysts expect that the business will post earnings of $7.90 per share, with EPS estimates ranging from $7.74 to $8.30. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Accenture.
Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.02. The firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $10.01 billion. Accenture had a net margin of 9.76% and a return on equity of 41.92%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 earnings per share.
In related news, insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $163.51, for a total transaction of $327,020.00. Following the sale, the insider now directly owns 126,104 shares in the company, valued at approximately $20,619,265.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Chad T. Jerdee sold 2,441 shares of Accenture stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $156.59, for a total transaction of $382,236.19. Following the sale, the general counsel now owns 14,288 shares in the company, valued at $2,237,357.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,717 shares of company stock worth $13,041,890. 0.21% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. WP Advisors LLC bought a new position in Accenture during the 2nd quarter worth approximately $106,000. MUFG Securities EMEA plc bought a new position in Accenture during the 2nd quarter worth approximately $118,000. Fort L.P. bought a new position in Accenture during the 2nd quarter worth approximately $124,000. Valeo Financial Advisors LLC raised its holdings in Accenture by 48.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,010 shares of the information technology services provider’s stock worth $162,000 after purchasing an additional 329 shares during the last quarter. Finally, Providence Capital Advisors LLC raised its holdings in Accenture by 2,784.6% during the 3rd quarter. Providence Capital Advisors LLC now owns 1,125 shares of the information technology services provider’s stock worth $191,000 after purchasing an additional 1,086 shares during the last quarter. Institutional investors and hedge funds own 71.49% of the company’s stock.
Shares of Accenture stock opened at $160.29 on Monday. The stock has a market cap of $107.90 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 2.18 and a beta of 1.01. Accenture has a 12-month low of $143.68 and a 12-month high of $175.64.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, October 18th will be given a dividend of $1.46 per share. The ex-dividend date is Wednesday, October 17th. This is an increase from Accenture’s previous semiannual dividend of $1.21. This represents a yield of 1.68%. Accenture’s dividend payout ratio (DPR) is currently 43.32%.
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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