Accenture (NYSE:ACN – Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 12.430-12.790 for the period, compared to the consensus earnings per share estimate of 12.740. The company issued revenue guidance of $67.5 billion-$69.4 billion, compared to the consensus revenue estimate of $68.5 billion. Accenture also updated its FY25 guidance to $12.43-12.79 EPS.
Analysts Set New Price Targets
ACN has been the topic of a number of recent research reports. Citigroup upped their target price 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. Susquehanna increased their price target on shares of Accenture from $350.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, September 27th. JPMorgan Chase & Co. lifted their price objective on Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday. BMO Capital Markets boosted their target price on shares of Accenture from $380.00 to $390.00 and gave the company a “market perform” rating in a research note on Friday, September 27th. Finally, Royal Bank of Canada upped their price objective on Accenture from $377.00 to $389.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $374.82.
Get Our Latest Research Report on ACN
Accenture Stock Performance
Accenture (NYSE:ACN – Get Free Report) last announced its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. Accenture had a net margin of 11.20% and a return on equity of 26.83%. The firm had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $17.15 billion. During the same quarter last year, the firm earned $3.27 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities analysts predict that Accenture will post 12.74 EPS for the current fiscal year.
Accenture Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.59%. Accenture’s dividend payout ratio is presently 51.79%.
Accenture announced that its Board of Directors has authorized a stock buyback plan on Thursday, September 26th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the information technology services provider to buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
Insider Transactions at Accenture
In other Accenture news, CEO Ryoji Sekido sold 3,191 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $343.70, for a total transaction of $1,096,746.70. Following the transaction, the chief executive officer now directly owns 6 shares in the company, valued at $2,062.20. This trade represents a 99.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Angela Beatty sold 673 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $372.18, for a total transaction of $250,477.14. Following the transaction, the insider now owns 5,650 shares in the company, valued at approximately $2,102,817. The trade was a 10.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,298 shares of company stock worth $13,372,661. 0.07% of the stock is currently owned by insiders.
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.
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