Accenture (NYSE:ACN) Issues Earnings Results, Beats Estimates By $0.04 EPS

Accenture (NYSE:ACN) announced its quarterly earnings results on Thursday. The information technology services provider reported $1.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.04, Briefing.com reports. Accenture had a return on equity of 37.43% and a net margin of 10.93%. The company had revenue of $11.10 billion during the quarter, compared to analyst estimates of $11.03 billion. During the same quarter in the previous year, the firm posted $1.79 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis.

ACN opened at $184.77 on Friday. Accenture has a one year low of $132.63 and a one year high of $187.31. The stock has a fifty day moving average price of $180.62. The company has a market cap of $124.16 billion, a P/E ratio of 27.41, a PEG ratio of 2.45 and a beta of 1.08.

ACN has been the subject of a number of analyst reports. Bank of America lowered Accenture from a “buy” rating to a “neutral” rating in a research report on Friday, May 3rd. They noted that the move was a valuation call. Zacks Investment Research lowered Accenture from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Cantor Fitzgerald boosted their price target on Accenture from $185.00 to $199.00 and gave the stock an “overweight” rating in a research report on Friday, March 29th. UBS Group set a $190.00 price target on Accenture and gave the stock a “hold” rating in a research report on Friday. Finally, Citigroup boosted their price target on Accenture from $169.00 to $194.00 and gave the stock a “buy” rating in a research report on Friday, March 29th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $191.13.

In other news, insider Richard Lumb sold 18,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $181.19, for a total value of $3,261,420.00. Following the sale, the insider now owns 95,215 shares of the company’s stock, valued at approximately $17,252,005.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Richard P. Clark sold 6,266 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $177.78, for a total value of $1,113,969.48. The disclosure for this sale can be found here. Insiders sold a total of 65,919 shares of company stock worth $11,695,852 in the last three months. Company insiders own 0.18% of the company’s stock.

About Accenture

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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Earnings History for Accenture (NYSE:ACN)

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