Zacks: analysts expect Accenture PLC (ACN) to publish quarterly sales of $ 9.24 billion – tech2.org

Zacks: analysts expect Accenture PLC (ACN) to publish quarterly sales of $ 9.24 billion



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  Accenture PLC logo "title =" Accenture PLC logo "clbad =" companylogo "/> Wall Street brokerages forecast that Accenture PLC (NYSE: ACN) will report sales of $ 9.24 billion for the current quarter, according to Zacks Investment Research, Ten badysts have provided estimates for Accenture PLC's earnings, the lowest sales calculation is $ 9.10 billion and the highest is $ 9.32 billion, and the badyst expects Accenture PLC to report total annual sales of $ 9.24 billion for the current year, with estimates ranging from $ 37.28 billion to $ 38.40 billion For the next year, badysts forecast that the company will report sales of $ 40.41 billion per share, with estimates which range between $ 39.68 billion and $ 41.02 billion Zacks Investment Research s Average ales are an average based on a survey of research companies that follow Accenture PLC. 19659002] Accenture PLC (NYSE: ACN) last published its quarterly earnings results on Thursday, September 28. The information technology service provider reported $ 1.48 of earnings per share (EPS) for the quarter, exceeding the consensus estimate of $ 1.47 for $ 0.01. The business had revenues of $ 9.15 billion for the quarter, compared to badysts' expectations of $ 9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The company's quarterly revenues grew by 7.8% compared to the same quarter last year. During the same quarter of last year, the company made profits of $ 1.31 per share. </p>
<p>  ACN has been the subject of several recent research reports. Cowen and Company reiterated a "buy" rating and issued a target price of $ 135.00 on shares of Accenture PLC in a report on Friday, July 28. BidaskClub reduced Accenture PLC from a "strong buy" rating to a "buy" rating in a research note on Friday, July 28. Zacks Investment Research elevated Accenture PLC from a "suspension" rating to a "purchase" rating and set a target price of $ 145.00 on the share in a research note on Monday, August 28. Stifel Nicolaus raised his target price at Accenture PLC from $ 138.00 to $ 146.00 and awarded the company a "buy" rating on a research note on Thursday, September 7. Finally, Bank of America Corporation began coverage of Accenture PLC in a research note on Tuesday, September 12. They issued a "buy" rating and a target price of $ 150.00 in the stock. Two investment badysts have rated the stock with a sale rating, nine have badigned a wait rating, fourteen have issued a purchase rating and one has badigned a strong purchase rating to the stock. The company currently has a consensus rating of "Buy" and an average price of $ 143.73. </p>
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Accenture PLC (NYSE ACN) was negotiated $ 1.59 during trading on Tuesday, reaching $ 145.45. The company had a trading volume of 2,557,132 shares, compared to its average volume of 2,140,427. The company has a market capitalization of $ 94,270.00, a PE ratio of 24.53, a price-earnings-growth ratio of 2.15 and a beta of 1.08. Accenture PLC has a minimum of fifty-two weeks of $ 112.31 and a maximum of fifty-two weeks of $ 147.28.

The company also recently announced a semi-annual dividend, which was paid on Wednesday, November 15. The shareholders registered on Thursday, October 19, were paid a dividend of $ 1.33 per share. The ex dividend date of this dividend was Wednesday, October 18. This represents a dividend yield of 1.97%. The dividend payment rate of Accenture PLC is currently 48.90%.

In other news, CEO Pierre Nanterme sold 38,589 shares of Accenture PLC shares in a transaction that took place on Monday, October 2. The stock was sold at an average price of $ 135.03, for a total transaction of $ 5,210,672.67. After the completion of the transaction, the chief executive is now the direct owner of 179,083 shares of the company, valued at approximately $ 24,181,577.49. The sale was disclosed in a presentation before the Securities and Exchange Commission, which can be accessed through this hyperlink. In addition, CFO David Rowland sold 3,702 shares of Accenture PLC in a transaction that took place on Monday, October 2. The stock was sold at an average price of $ 135.04, for a total value of $ 499,918.08. After the transaction, the CFO now holds 9,864 shares of the company, valued at $ 1,332,034.56. The disclosure of this sale can be found here. The initiates have sold a total of 83,325 shares of the company valued at $ 11,479,125 in the last quarter. 0.21% of the shares are currently owned by people close to the company.

Institutional investors and hedge funds have recently added or reduced their equity holdings. Vantage Financial Partners Ltd. Inc. purchased a new stake in Accenture PLC in the second quarter for a value of $ 533,000. Jacobi Capital Management LLC increased its stake in Accenture PLC by 104.8% in the third quarter. Jacobi Capital Management LLC now owns 727 shares of information technology services provider valued at $ 100,000 after buying 372 additional shares during the period. TCI Wealth Advisors Inc. increased its stake in Accenture PLC by 23.4% in the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider's stock valued at $ 106,000 after buying 162 additional shares during the period. Bellwether Investment Group LLC increased its stake in Accenture PLC by 64.2% in the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider's stock valued at $ 110,000 after buying 359 additional shares during the period. Finally, Manchester Capital Management LLC increased its stake in Accenture PLC by 7.0% in the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider's stock valued at $ 114,000 after buying 60 additional shares during the period. Institutional investors and hedge funds hold 77.73% of the company's shares.

About Accenture PLC

Accenture plc is a professional services company serving customers in various industries and 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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  ] Earnings and estimates history for Accenture PLC (NYSE: ACN) "title =" Earnings and estimates history for Accenture PLC (NYSE: ACN) "/> </p>
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