Q3 2024 EPS Estimates for Accenture plc (NYSE:ACN) Lowered by Analyst

Accenture plc (NYSE:ACN - Free Report) - Investment analysts at Zacks Research decreased their Q3 2024 EPS estimates for Accenture in a report issued on Wednesday, April 10th. Zacks Research analyst R. Department now expects that the information technology services provider will earn $3.07 per share for the quarter, down from their prior forecast of $3.28. The consensus estimate for Accenture's current full-year earnings is $12.10 per share. Zacks Research also issued estimates for Accenture's Q4 2024 earnings at $2.87 EPS, FY2024 earnings at $12.09 EPS, Q1 2025 earnings at $3.22 EPS, Q2 2025 earnings at $2.81 EPS, Q3 2025 earnings at $3.13 EPS, Q4 2025 earnings at $3.41 EPS, FY2025 earnings at $12.56 EPS, Q1 2026 earnings at $3.49 EPS, Q2 2026 earnings at $3.24 EPS and FY2026 earnings at $13.33 EPS.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.11. The firm had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The business's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $2.69 earnings per share.

A number of other research analysts have also recently commented on the stock. Stifel Nicolaus increased their target price on shares of Accenture from $363.00 to $395.00 and gave the stock a "buy" rating in a report on Monday, March 18th. BNP Paribas raised shares of Accenture from a "neutral" rating to an "outperform" rating and set a $440.00 target price for the company in a report on Wednesday, January 17th. Citigroup dropped their target price on shares of Accenture from $430.00 to $400.00 and set a "buy" rating for the company in a report on Friday, March 22nd. Bank of America increased their target price on shares of Accenture from $379.00 to $419.00 and gave the stock a "buy" rating in a report on Thursday, March 7th. Finally, Mizuho restated a "buy" rating and issued a $398.00 price target (down from $426.00) on shares of Accenture in a research report on Friday, March 22nd. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Accenture currently has an average rating of "Moderate Buy" and a consensus target price of $387.00.

Accenture Trading Down 3.0 %

Accenture stock traded down $9.72 during trading hours on Friday, reaching $315.47. 4,207,383 shares of the stock were exchanged, compared to its average volume of 2,346,677. The company has a market cap of $211.60 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 3.07 and a beta of 1.19. Accenture has a twelve month low of $261.68 and a twelve month high of $387.51. The stock has a 50 day moving average of $361.70 and a two-hundred day moving average of $341.61.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Chilton Capital Management LLC lifted its position in shares of Accenture by 180.0% during the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider's stock valued at $25,000 after purchasing an additional 45 shares in the last quarter. DiNuzzo Private Wealth Inc. bought a new position in shares of Accenture during the fourth quarter valued at about $27,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of Accenture during the fourth quarter valued at about $29,000. Atwood & Palmer Inc. lifted its position in shares of Accenture by 214.8% during the first quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 58 shares in the last quarter. Finally, Main Street Group LTD bought a new position in shares of Accenture during the fourth quarter valued at about $31,000. 75.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO John F. Walsh sold 8,000 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the transaction, the chief operating officer now directly owns 17,877 shares of the company's stock, valued at $5,937,488.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Accenture news, CEO Jean-Marc Ollagnier sold 6,250 shares of the firm's stock in a transaction on Friday, January 19th. The shares were sold at an average price of $362.77, for a total value of $2,267,312.50. Following the transaction, the chief executive officer now directly owns 167,831 shares of the company's stock, valued at $60,884,051.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John F. Walsh sold 8,000 shares of the firm's stock in a transaction on Monday, March 25th. The shares were sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the completion of the transaction, the chief operating officer now directly owns 17,877 shares in the company, valued at $5,937,488.01. The disclosure for this sale can be found here. Insiders have sold a total of 31,000 shares of company stock valued at $11,146,998 over the last ninety days. 0.07% of the stock is owned by corporate insiders.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be paid a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture's dividend payout ratio is presently 46.78%.

Accenture Company Profile

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.