Accenture (ACN) Projected to Post Earnings on Thursday

Accenture (NYSE:ACN - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Thursday, March 20th. Analysts expect Accenture to post earnings of $2.84 per share and revenue of $16.64 billion for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.16. The business had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.27 earnings per share. On average, analysts expect Accenture to post $13 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Accenture Stock Down 1.1 %

Shares of NYSE ACN opened at $324.25 on Thursday. The company has a market cap of $202.91 billion, a P/E ratio of 27.20, a PEG ratio of 3.23 and a beta of 1.24. The firm has a 50-day simple moving average of $364.36 and a two-hundred day simple moving average of $358.39. Accenture has a 1 year low of $278.69 and a 1 year high of $398.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47.

Analyst Ratings Changes

A number of equities analysts have recently commented on ACN shares. StockNews.com lowered shares of Accenture from a "buy" rating to a "hold" rating in a research report on Tuesday. UBS Group raised their target price on shares of Accenture from $450.00 to $455.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. Jefferies Financial Group reduced their target price on shares of Accenture from $385.00 to $355.00 and set a "hold" rating on the stock in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price objective on shares of Accenture from $370.00 to $396.00 and gave the company an "overweight" rating in a report on Monday, December 16th. Finally, Morgan Stanley lifted their price objective on shares of Accenture from $335.00 to $380.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $388.96.

Remove Ads

Insider Activity at Accenture

In related news, CAO Melissa A. Burgum sold 232 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total transaction of $91,514.72. Following the completion of the sale, the chief accounting officer now owns 8,915 shares of the company's stock, valued at approximately $3,516,610.90. This represents a 2.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela Beatty sold 375 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.50, for a total transaction of $134,437.50. Following the sale, the insider now directly owns 5,149 shares of the company's stock, valued at approximately $1,845,916.50. This represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,280 shares of company stock valued at $8,316,190. Corporate insiders own 0.02% of the company's stock.

Hedge Funds Weigh In On Accenture

A hedge fund recently raised its stake in Accenture stock. Brighton Jones LLC boosted its holdings in shares of Accenture plc (NYSE:ACN - Free Report) by 36.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,438 shares of the information technology services provider's stock after buying an additional 4,905 shares during the quarter. Brighton Jones LLC's holdings in Accenture were worth $6,486,000 as of its most recent SEC filing. Institutional investors and hedge funds own 75.14% of the company's stock.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.