Accenture Plc (ACN) Expected to Announce Quarterly Sales of $10.47 Billion
Equities research analysts expect that Accenture Plc (NYSE:ACN) will report sales of $10.47 billion for the current quarter, Zacks reports. Six analysts have made estimates for Accenture’s earnings. The highest sales estimate is $10.57 billion and the lowest is $10.19 billion. Accenture posted sales of $9.52 billion in the same quarter last year, which suggests a positive year over year growth rate of 10%. The firm is expected to report its next earnings report before the market opens on Thursday, December 20th.
According to Zacks, analysts expect that Accenture will report full year sales of $42.72 billion for the current fiscal year, with estimates ranging from $41.50 billion to $43.42 billion. For the next fiscal year, analysts forecast that the business will post sales of $45.54 billion, with estimates ranging from $44.17 billion to $46.84 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Accenture.
Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.02. Accenture had a net margin of 9.76% and a return on equity of 41.92%. The business had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $10.01 billion. During the same period last year, the business earned $1.48 EPS. The company’s revenue was up 10.9% compared to the same quarter last year.
In related news, CEO Pierre Nanterme sold 30,117 shares of Accenture stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $173.45, for a total value of $5,223,793.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $163.51, for a total transaction of $327,020.00. Following the completion of the sale, the insider now owns 126,104 shares of the company’s stock, valued at $20,619,265.04. The disclosure for this sale can be found here. Insiders sold a total of 78,717 shares of company stock valued at $13,041,890 over the last quarter. 0.21% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in ACN. WP Advisors LLC acquired a new stake in Accenture during the 2nd quarter valued at approximately $106,000. MUFG Securities EMEA plc acquired a new stake in Accenture during the 2nd quarter valued at approximately $118,000. Fort L.P. acquired a new stake in Accenture during the 2nd quarter valued at approximately $124,000. Valeo Financial Advisors LLC lifted its stake 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 valued at $162,000 after acquiring an additional 329 shares during the period. Finally, Providence Capital Advisors LLC lifted its stake 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 valued at $191,000 after acquiring an additional 1,086 shares during the period. Institutional investors own 71.18% of the company’s stock.
Shares of NYSE:ACN traded down $1.92 during trading on Wednesday, reaching $156.98. The stock had a trading volume of 2,525,535 shares, compared to its average volume of 2,196,920. Accenture has a one year low of $145.23 and a one year high of $175.64. The stock has a market capitalization of $108.12 billion, a P/E ratio of 23.29, a P/E/G ratio of 2.19 and a beta of 1.01.
The business also recently announced a semiannual dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, October 18th were paid a $1.46 dividend. The ex-dividend date of this dividend was Wednesday, October 17th. This is a boost from Accenture’s previous semiannual dividend of $1.21. This represents a yield of 1.68%. Accenture’s dividend payout ratio (DPR) is 43.32%.
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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