Accenture (NYSE:ACN) Releases FY19 Earnings Guidance
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.
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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