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

by · The Markets Daily

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

Accenture Stock Performance

Shares of Accenture stock traded down $6.11 during midday trading on Friday, hitting $349.70. 2,575,382 shares of the company traded hands, compared to its average volume of 2,782,510. The stock has a market cap of $219.15 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 3.69 and a beta of 1.24. The firm’s fifty day moving average price is $333.92 and its 200-day moving average price is $321.23. Accenture has a 12 month low of $278.69 and a 12 month high of $387.51.

Accenture Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 10th will be paid a dividend of $1.48 per share. This is an increase from Accenture’s previous quarterly dividend of $1.29. The ex-dividend date is Thursday, October 10th. This represents a $5.92 annualized dividend and a yield of 1.69%. Accenture’s payout ratio is presently 47.25%.

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

Insider Buying and Selling at Accenture

In other news, CFO Kathleen R. Mcclure sold 3,000 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $309.22, for a total transaction of $927,660.00. Following the completion of the transaction, the chief financial officer now directly owns 40,070 shares in the company, valued at $12,390,445.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Kathleen R. Mcclure sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $309.22, for a total value of $927,660.00. Following the completion of the transaction, the chief financial officer now owns 40,070 shares of the company’s stock, valued at $12,390,445.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $329.82, for a total transaction of $1,649,100.00. Following the sale, the insider now directly owns 8,989 shares in the company, valued at $2,964,751.98. The disclosure for this sale can be found here. Insiders have sold 21,421 shares of company stock worth $6,912,635 over the last quarter. Corporate insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ACN shares. BMO Capital Markets increased their price objective on shares of Accenture from $380.00 to $390.00 and gave the stock a “market perform” rating in a research report on Friday. Susquehanna increased their target price on Accenture from $350.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday. Mizuho boosted their price target on Accenture from $352.00 to $365.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Royal Bank of Canada increased their price objective on shares of Accenture from $377.00 to $389.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, UBS Group lifted their target price on Accenture from $400.00 to $415.00 and gave the company a “buy” rating in a research report on Friday. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and a consensus target price of $364.64.

Read Our Latest Analysis on Accenture

Accenture Company Profile

(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.

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