Accenture (NYSE:ACN) Issues FY19 Earnings Guidance

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

A number of research firms have issued reports on ACN. BMO Capital Markets lowered their price target on Methanex from $70.00 to $65.00 and set an outperform rating for the company in a research report on Friday, June 28th. UBS Group set a $170.00 price target on United Rentals and gave the company a buy rating in a research report on Friday, June 28th. SunTrust Banks boosted their price target on Accenture to $180.00 and gave the company a hold rating in a research report on Friday, March 29th. They noted that the move was a valuation call. Bank of America set a $7.00 price target on CannTrust and gave the company a buy rating in a research report on Thursday, June 20th. Finally, Wells Fargo & Co reissued a hold rating on shares of Medidata Solutions in a research report on Thursday, June 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. Accenture presently has a consensus rating of Buy and an average target price of $191.13.

Shares of NYSE ACN traded up $2.96 on Thursday, hitting $194.67. The company had a trading volume of 1,862,461 shares, compared to its average volume of 1,912,339. Accenture has a 12-month low of $132.63 and a 12-month high of $194.67. The company has a 50 day moving average price of $183.99. The firm has a market cap of $129.57 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 2.53 and a beta of 1.05.

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 Thomson Reuters’ consensus estimate of $1.89 by $0.04. Accenture had a return on equity of 36.24% and a net margin of 10.93%. The company had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $11.03 billion. During the same quarter in the prior year, the business earned $1.79 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. As a group, equities research analysts predict that Accenture will post 7.33 EPS for the current fiscal year.

In other news, insider ‘T Noordende Alexander M. Van sold 8,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $177.78, for a total value of $1,422,240.00. Following the completion of the sale, the insider now owns 116,753 shares of the company’s stock, valued at $20,756,348.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard Lumb sold 2,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $186.35, for a total value of $372,700.00. Following the completion of the sale, the insider now directly owns 77,240 shares of the company’s stock, valued at approximately $14,393,674. The disclosure for this sale can be found here. Insiders sold 65,823 shares of company stock valued at $11,734,229 in the last ninety days. 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 and Estimates for Accenture (NYSE:ACN)

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