Brokerages Anticipate Accenture PLC (ACN) Will Announce Quarterly Sales of $9.24 Billion

Wall Street brokerages forecast that Accenture PLC (NYSE:ACN) will report $9.24 billion in sales for the current fiscal quarter, according to Zacks. Ten analysts have made estimates for Accenture PLC’s earnings. The highest sales estimate is $9.32 billion and the lowest is $9.10 billion. Accenture PLC reported sales of $8.52 billion in the same quarter last year, which indicates a positive year over year growth rate of 8.5%. The business is scheduled to report its next quarterly earnings report on Wednesday, December 20th.

On average, analysts expect that Accenture PLC will report full-year sales of $9.24 billion for the current year, with estimates ranging from $37.28 billion to $38.40 billion. For the next financial year, analysts anticipate that the firm will report sales of $40.41 billion per share, with estimates ranging from $39.68 billion to $41.02 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Accenture PLC.

Accenture PLC (NYSE:ACN) last released its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion during the quarter, compared to analysts’ expectations of $9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.31 EPS.

Several research firms have recently issued reports on ACN. Stifel Nicolaus reaffirmed a “buy” rating and set a $150.00 price objective on shares of Accenture PLC in a research report on Friday, November 3rd. Pivotal Research started coverage on Accenture PLC in a research report on Wednesday, November 8th. They set a “buy” rating and a $165.00 price objective for the company. KeyCorp reissued a “buy” rating and issued a $149.00 target price on shares of Accenture PLC in a report on Sunday, October 29th. Cowen and Company set a $150.00 target price on Accenture PLC and gave the company a “buy” rating in a report on Monday, October 23rd. Finally, Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $142.89.

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In other news, insider Richard P. Clark sold 3,155 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $143.01, for a total transaction of $451,196.55. Following the completion of the transaction, the insider now directly owns 5,533 shares of the company’s stock, valued at approximately $791,274.33. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Pierre Nanterme sold 38,589 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.03, for a total value of $5,210,672.67. Following the transaction, the chief executive officer now directly owns 179,083 shares of the company’s stock, valued at $24,181,577.49. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,325 shares of company stock valued at $11,479,125. Company insiders own 0.21% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACN. Jacobi Capital Management LLC grew its holdings in shares of Accenture PLC by 104.8% in the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after acquiring an additional 372 shares during the period. TCI Wealth Advisors Inc. grew its holdings in shares of Accenture PLC by 23.4% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after acquiring an additional 162 shares during the period. Bellwether Investment Group LLC grew its holdings in shares of Accenture PLC by 64.2% in the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after acquiring an additional 359 shares during the period. Manchester Capital Management LLC grew its holdings in shares of Accenture PLC by 7.0% in the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after acquiring an additional 60 shares during the period. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Accenture PLC in the 1st quarter worth approximately $122,000. Institutional investors and hedge funds own 77.73% of the company’s stock.

Accenture PLC (NYSE:ACN) opened at $143.92 on Tuesday. The stock has a market capitalization of $94,961.36, a PE ratio of 24.35, a PEG ratio of 2.13 and a beta of 1.08. Accenture PLC has a 1 year low of $112.31 and a 1 year high of $145.00.

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be paid a dividend of $1.33 per share. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s dividend payout ratio (DPR) is 48.90%.

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.

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Earnings History and Estimates for Accenture PLC (NYSE:ACN)

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