Accenture (NYSE:ACN) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $7.28-7.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.31. Accenture also updated its FY 2019 guidance to $7.28-7.35 EPS.
ACN opened at $184.77 on Friday. The firm’s 50 day simple moving average is $180.62. The company has a market cap of $124.16 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 2.45 and a beta of 1.08. Accenture has a one year low of $132.63 and a one year high of $187.31.
Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, June 27th. The information technology services provider reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. The business had revenue of $11.10 billion during the quarter, compared to analyst estimates of $11.03 billion. Accenture had a return on equity of 37.43% and a net margin of 10.93%. Accenture’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.79 EPS. On average, research analysts expect that Accenture will post 7.33 EPS for the current year.
A number of research analysts have commented on ACN shares. Berenberg Bank reaffirmed a buy rating and set a $190.00 price target on shares of Accenture in a research report on Monday, April 1st. ValuEngine raised Accenture from a hold rating to a buy rating in a research report on Friday, March 22nd. Citigroup increased their target price on Accenture from $169.00 to $194.00 and gave the stock a buy rating in a research report on Friday, March 29th. Deutsche Bank increased their target price on Accenture from $180.00 to $190.00 and gave the stock a buy rating in a research report on Monday, June 10th. Finally, UBS Group set a $180.00 target price on Accenture and gave the stock a hold rating in a research report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. Accenture presently has an average rating of Buy and an average target price of $191.13.
In related news, General Counsel Chad T. Jerdee sold 2,441 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $177.77, for a total transaction of $433,936.57. Following the completion of the transaction, the general counsel now owns 13,381 shares of the company’s stock, valued at approximately $2,378,740.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Richard Lumb sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were 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 approximately $15,646,431.52. The disclosure for this sale can be found here. Insiders sold a total of 65,919 shares of company stock valued at $11,695,852 in the last three months. Corporate insiders own 0.18% of the company’s stock.
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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