Accenture (NYSE:ACN) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $7.28-7.35 for the period, compared to the Thomson Reuters consensus estimate of $7.33.

Shares of NYSE:ACN opened at $196.21 on Friday. The stock has a market cap of $131.85 billion, a P/E ratio of 29.11, a PEG ratio of 2.57 and a beta of 1.05. Accenture has a twelve month low of $132.63 and a twelve month high of $196.23. The business’s 50 day moving average is $184.34.

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 the consensus estimate of $1.89 by $0.04. Accenture had a net margin of 10.93% and a return on equity of 36.24%. The firm had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $11.03 billion. During the same quarter in the prior year, the firm earned $1.79 EPS. Accenture’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, sell-side analysts predict that Accenture will post 7.33 earnings per share for the current fiscal year.

Several analysts recently commented on ACN shares. Berenberg Bank upgraded shares of easyJet to a hold rating in a research report on Monday, April 1st. UBS Group set a $170.00 price target on shares of United Rentals and gave the company a buy rating in a research report on Friday, June 28th. KeyCorp upped their price target on shares of Accenture from $173.00 to $195.00 and gave the company an overweight rating in a research report on Friday, March 29th. William Blair reiterated an outperform rating on shares of Accenture in a research report on Friday, March 29th. Finally, Citigroup set a $5.00 price target on shares of Forum Energy Technologies and gave the company a buy rating in a research report on Thursday, June 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $191.13.

In other Accenture news, CAO Richard P. Clark sold 6,266 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $177.78, for a total transaction of $1,113,969.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard Lumb sold 2,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $186.35, for a total transaction of $372,700.00. Following the transaction, the insider now owns 77,240 shares of the company’s stock, valued at approximately $14,393,674. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,823 shares of company stock valued at $11,734,229. 0.18% of the stock is owned by 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.

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Earnings History and Estimates for Accenture (NYSE:ACN)

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