Q3 2017 Earnings Estimate for Accenture Plc (ACN) Issued By Wedbush

Accenture Plc (NYSE:ACN) – Analysts at Wedbush dropped their Q3 2017 EPS estimates for shares of Accenture Plc in a research report issued on Thursday, according to Zacks Investment Research. Wedbush analyst M. Katri now forecasts that the information technology services provider will earn $1.54 per share for the quarter, down from their prior estimate of $1.55. Wedbush has a “Outperform” rating and a $135.00 price target on the stock. Wedbush also issued estimates for Accenture Plc’s Q4 2017 earnings at $1.44 EPS.

Other research analysts have also issued research reports about the company. Credit Suisse Group AG set a $124.00 price objective on Accenture Plc and gave the company a “hold” rating in a report on Sunday, December 25th. Cantor Fitzgerald set a $135.00 price target on Accenture Plc and gave the stock a “buy” rating in a report on Sunday, December 25th. Goldman Sachs Group Inc lowered Accenture Plc from a “neutral” rating to a “sell” rating and set a $110.00 price target on the stock. in a report on Monday, April 3rd. BMO Capital Markets reiterated a “hold” rating and set a $123.00 price target on shares of Accenture Plc in a report on Thursday, March 23rd. Finally, Cowen and Company reiterated an “outperform” rating and set a $131.00 price target on shares of Accenture Plc in a report on Monday, March 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Accenture Plc has a consensus rating of “Buy” and a consensus price target of $128.08.

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

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Accenture Plc (NYSE:ACN) traded up 0.02% during trading on Friday, hitting $119.23. 2,526,293 shares of the company were exchanged. The firm’s 50 day moving average price is $120.75 and its 200-day moving average price is $118.84. The stock has a market capitalization of $73.93 billion, a PE ratio of 19.86 and a beta of 1.17. Accenture Plc has a 1-year low of $108.66 and a 1-year high of $126.53.

Accenture Plc (NYSE:ACN) last posted its quarterly earnings data on Thursday, March 23rd. The information technology services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.03. The company had revenue of $8.32 billion for the quarter, compared to the consensus estimate of $8.34 billion. Accenture Plc had a net margin of 12.34% and a return on equity of 46.99%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.34 earnings per share.

Large investors have recently modified their holdings of the stock. Farmers & Merchants Investments Inc. boosted its stake in shares of Accenture Plc by 1.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 865 shares of the information technology services provider’s stock worth $104,000 after buying an additional 11 shares in the last quarter. Ledyard National Bank boosted its stake in shares of Accenture Plc by 0.7% in the third quarter. Ledyard National Bank now owns 2,089 shares of the information technology services provider’s stock worth $255,000 after buying an additional 15 shares in the last quarter. Meristem LLP boosted its stake in shares of Accenture Plc by 0.9% in the third quarter. Meristem LLP now owns 2,085 shares of the information technology services provider’s stock worth $255,000 after buying an additional 18 shares in the last quarter. Vaughan David Investments Inc. IL boosted its stake in shares of Accenture Plc by 1.0% in the third quarter. Vaughan David Investments Inc. IL now owns 1,857 shares of the information technology services provider’s stock worth $227,000 after buying an additional 19 shares in the last quarter. Finally, Peoples Financial Services CORP. boosted its stake in shares of Accenture Plc by 1.3% in the third quarter. Peoples Financial Services CORP. now owns 1,823 shares of the information technology services provider’s stock worth $223,000 after buying an additional 23 shares in the last quarter. Institutional investors own 77.38% of the company’s stock.

In other Accenture Plc news, CEO Pierre Nanterme sold 39,499 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of $120.75, for a total value of $4,769,504.25. Following the completion of the sale, the chief executive officer now owns 258,306 shares in the company, valued at $31,190,449.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Daniel T. London sold 697 shares of the business’s stock in a transaction that occurred on Thursday, April 6th. The shares were sold at an average price of $117.29, for a total value of $81,751.13. Following the completion of the sale, the insider now owns 27,179 shares of the company’s stock, valued at approximately $3,187,824.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,204 shares of company stock valued at $9,388,743. 0.21% of the stock is owned by company insiders.

The firm also recently announced a semiannual dividend, which will be paid on Monday, May 15th. Investors of record on Thursday, April 13th will be paid a dividend of $1.21 per share. This is a boost from Accenture Plc’s previous semiannual dividend of $1.02. The ex-dividend date is Tuesday, April 11th. This represents a yield of 2.03%. Accenture Plc’s payout ratio is presently 35.85%.

Accenture Plc Company Profile

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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