Accenture (NYSE:ACN) Releases FY19 Earnings Guidance

Accenture (NYSE:ACN) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $7.28-7.35 for the period, compared to the Thomson Reuters consensus estimate of $7.33.

Shares of ACN opened at $196.21 on Friday. The stock has a market cap of $131.85 billion, a price-to-earnings ratio of 29.11, a P/E/G ratio of 2.59 and a beta of 1.05. The business has a fifty day moving average price of $184.34. Accenture has a twelve month low of $132.63 and a twelve month high of $196.23.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, June 27th. The information technology services provider reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.04. The business had revenue of $11.10 billion for the quarter, compared to analyst estimates of $11.03 billion. Accenture had a return on equity of 36.24% and a net margin of 10.93%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company posted $1.79 EPS. Equities research analysts expect that Accenture will post 7.33 earnings per share for the current fiscal year.

ACN has been the topic of several research reports. Berenberg Bank raised easyJet to a hold rating in a research report on Monday, April 1st. Credit Suisse Group set a $180.00 target price on Accenture and gave the stock a hold rating in a research report on Friday, June 28th. Zacks Investment Research lowered Garrett Motion from a hold rating to a sell rating in a research report on Wednesday, March 20th. SunTrust Banks increased their target price on Accenture to $180.00 and gave the stock a hold rating in a research report on Friday, March 29th. They noted that the move was a valuation call. Finally, ValuEngine raised The Western Union from a sell rating to a hold rating in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $191.13.

In other Accenture news, insider Richard Lumb sold 18,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $172.82, for a total value of $3,110,760.00. Following the transaction, the insider now directly owns 90,536 shares of the company’s stock, valued at $15,646,431.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider ‘T Noordende Alexander M. Van sold 8,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $177.78, for a total value of $1,422,240.00. Following the sale, the insider now owns 116,753 shares of the company’s stock, valued at $20,756,348.34. The disclosure for this sale can be found here. Insiders sold 65,823 shares of company stock worth $11,734,229 over the last three months. 0.18% of the stock is currently owned by corporate insiders.

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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Earnings History and Estimates for Accenture (NYSE:ACN)

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