Accenture (NYSE:ACN) Releases Earnings Results, Beats Estimates By $0.01 EPS

by · The Cerbat Gem

Accenture (NYSE:ACN – Get Free Report) announced its quarterly earnings results on Thursday. The information technology services provider reported $2.79 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.01, Briefing.com reports. The firm had revenue of $16.41 billion during the quarter, compared to analysts’ expectations of $16.37 billion. Accenture had a net margin of 10.79% and a return on equity of 27.48%. Accenture’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.71 earnings per share. Accenture updated its Q1 2025 guidance to EPS and its FY 2025 guidance to 12.550-12.910 EPS.

Accenture Trading Down 1.7 %

Shares of NYSE ACN opened at $349.70 on Friday. The company has a market cap of $219.15 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 3.69 and a beta of 1.24. The stock’s 50 day simple moving average is $333.92 and its 200 day simple moving average is $321.23. Accenture has a 12-month low of $278.69 and a 12-month high of $387.51.

Accenture Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 10th will be paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.69%. This is an increase from Accenture’s previous quarterly dividend of $1.29. The ex-dividend date is Thursday, October 10th. Accenture’s dividend payout ratio (DPR) is 47.25%.

Insiders Place Their Bets

In related news, CFO Kathleen R. Mcclure sold 3,000 shares of Accenture stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $309.22, for a total value of $927,660.00. Following the sale, the chief financial officer now directly owns 40,070 shares in the company, valued at approximately $12,390,445.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Kathleen R. Mcclure sold 3,000 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $309.22, for a total transaction of $927,660.00. Following the transaction, the chief financial officer now directly owns 40,070 shares of the company’s stock, valued at $12,390,445.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Julie Spellman Sweet sold 3,776 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $309.05, for a total transaction of $1,166,972.80. Following the transaction, the chief executive officer now owns 11,819 shares in the company, valued at approximately $3,652,661.95. The disclosure for this sale can be found here. Insiders have sold 21,421 shares of company stock valued at $6,912,635 over the last three months. Company insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

ACN has been the subject of several research reports. Piper Sandler Companies reissued a “neutral” rating and issued a $329.00 target price on shares of Accenture in a research report on Friday, September 20th. Citigroup raised their price objective on shares of Accenture from $350.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. dropped their price objective on shares of Accenture from $376.00 to $370.00 and set an “overweight” rating on the stock in a research note on Tuesday. TD Cowen lifted their target price on shares of Accenture from $293.00 to $321.00 and gave the company a “hold” rating in a report on Thursday, September 12th. Finally, BMO Capital Markets raised their price objective on shares of Accenture from $380.00 to $390.00 and gave the company a “market perform” rating in a research report on Friday. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $364.64.

Read Our Latest Research Report on ACN

Accenture declared that its board has approved a stock buyback plan on Thursday, September 26th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the information technology services provider to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

About Accenture

(Get Free Report)

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.

Featured Articles