Accenture (NYSE:ACN – Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 12.550-12.910 for the period, compared to the consensus estimate of 12.850. The company issued revenue guidance of $66.8 billion-$68.8 billion, compared to the consensus revenue estimate of $68.7 billion. Accenture also updated its Q1 2025 guidance to EPS.
Analyst Ratings Changes
Several brokerages have weighed in on ACN. Susquehanna upped their price objective on shares of Accenture from $350.00 to $360.00 and gave the stock a neutral rating in a research note on Friday. StockNews.com raised Accenture from a hold rating to a buy rating in a report on Friday. TD Cowen increased their target price on Accenture from $293.00 to $321.00 and gave the stock a hold rating in a report on Thursday, September 12th. Robert W. Baird upped their price target on shares of Accenture from $350.00 to $370.00 and gave the stock a neutral rating in a research report on Friday. Finally, Bank of America raised their price objective on shares of Accenture from $365.00 to $388.00 and gave the company a buy rating in a research report on Friday. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $364.64.
Accenture Price Performance
Accenture (NYSE:ACN – Get Free Report) last posted its earnings results on Thursday, September 26th. The information technology services provider reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.01. The firm had revenue of $16.41 billion for 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%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.71 earnings per share. As a group, research analysts anticipate that Accenture will post 11.95 earnings per share for the current year.
Accenture Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 10th will be given a dividend of $1.48 per share. This is a positive change from Accenture’s previous quarterly dividend of $1.29. This represents a $5.92 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, October 10th. Accenture’s dividend payout ratio is 47.25%.
Accenture announced that its board has authorized a share repurchase plan on Thursday, September 26th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to buy up to 1.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
Insider Activity
In other Accenture news, General Counsel Joel Unruch sold 8,145 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $331.05, for a total value of $2,696,402.25. Following the transaction, the general counsel now directly owns 22,849 shares of the company’s stock, valued at approximately $7,564,161.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Kathleen R. Mcclure sold 3,000 shares of Accenture stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $309.22, for a total value of $927,660.00. Following the completion of the sale, the chief financial officer now directly owns 40,070 shares in the company, valued at $12,390,445.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Joel Unruch sold 8,145 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $331.05, for a total value of $2,696,402.25. Following the sale, the general counsel now directly owns 22,849 shares in the company, valued at approximately $7,564,161.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,421 shares of company stock valued at $6,912,635. 0.07% of the stock is owned by insiders.
About Accenture
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 Stories
- Five stocks we like better than Accenture
- Election Stocks: How Elections Affect the Stock Market
- CarMax’s Impressive Rally: What Investors Should Watch Next
- How to Invest in Insurance Companies: A Guide
- MarketBeat Week in Review – 9/23 – 9/27
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Wake Up to This Biotech Stock That Still Has Big Potential Upside
Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.