Accenture (NYSE:ACN) Issues FY20 Earnings Guidance

Accenture (NYSE:ACN) updated its FY20 earnings guidance on Monday. The company provided EPS guidance of $7.66-7.84 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.86. The company issued revenue guidance of $45.81-46.68 billion, compared to the consensus revenue estimate of $46.09 billion.

A number of research analysts have weighed in on the stock. Wells Fargo & Co raised their price objective on shares of Accenture from $225.00 to $230.00 and gave the company an outperform rating in a research note on Thursday, January 9th. Cantor Fitzgerald set a $215.00 price objective on shares of Accenture and gave the company a buy rating in a research note on Friday, September 27th. Barclays assumed coverage on shares of Accenture in a research note on Friday, September 20th. They issued an overweight rating and a $228.00 price objective on the stock. Robert W. Baird raised their price objective on shares of Accenture from $212.00 to $214.00 and gave the company a neutral rating in a research note on Friday, December 20th. Finally, Argus raised their price objective on shares of Accenture from $220.00 to $235.00 and gave the company a buy rating in a research note on Thursday, December 26th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $212.18.

Shares of ACN stock opened at $207.26 on Thursday. The firm has a 50-day moving average of $206.43 and a 200-day moving average of $195.49. The company has a market cap of $132.05 billion, a P/E ratio of 28.16, a P/E/G ratio of 2.57 and a beta of 1.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.39 and a quick ratio of 1.39. Accenture has a one year low of $147.24 and a one year high of $213.25.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, December 19th. The information technology services provider reported $2.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.10. The company had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $11.15 billion. Accenture had a net margin of 11.06% and a return on equity of 33.35%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.96 earnings per share. As a group, research analysts expect that Accenture will post 7.82 earnings per share for the current fiscal year.

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a yield of 1.5%. Accenture’s dividend payout ratio (DPR) is presently 43.48%.

In related news, insider Ellyn Shook sold 4,688 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $183.65, for a total transaction of $860,951.20. Following the completion of the sale, the insider now owns 27,271 shares in the company, valued at $5,008,319.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 12,961 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $185.69, for a total transaction of $2,406,728.09. Following the sale, the chief executive officer now owns 22,702 shares of the company’s stock, valued at approximately $4,215,534.38. The disclosure for this sale can be found here. Insiders have sold 37,014 shares of company stock valued at $6,859,750 in the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Accenture Company Profile

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.

Read More: Risk Tolerance

Earnings History and Estimates for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.