Accenture (NYSE:ACN) Issues FY25 Earnings Guidance

Accenture (NYSE:ACN) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $12.55-12.79 for the period, compared to the consensus EPS estimate of $12.73. Accenture also updated its FY 2025 guidance to 12.550-12.790 EPS.

Accenture Trading Up 0.1 %

NYSE:ACN opened at $324.52 on Thursday. The firm has a market capitalization of $203.08 billion, a P/E ratio of 27.22, a P/E/G ratio of 3.23 and a beta of 1.24. The business has a 50 day simple moving average of $361.19 and a 200 day simple moving average of $357.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. Accenture has a 12-month low of $278.69 and a 12-month high of $398.35.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.02). The firm had revenue of $16.70 billion for the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.77 EPS. Equities research analysts predict that Accenture will post 12.73 EPS for the current year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 10th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.82%. Accenture’s dividend payout ratio is currently 49.66%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ACN shares. Jefferies Financial Group reduced their price objective on shares of Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Morgan Stanley dropped their price target on Accenture from $380.00 to $372.00 and set an “equal weight” rating on the stock in a research note on Monday. Mizuho reduced their price objective on shares of Accenture from $428.00 to $398.00 and set an “outperform” rating for the company in a research note on Wednesday. Stifel Nicolaus dropped their target price on shares of Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group upgraded shares of Accenture from a “neutral” rating to a “buy” rating and upped their price target for the company from $370.00 to $420.00 in a research report on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $384.45.

Insiders Place Their Bets

In related news, CAO Melissa A. Burgum sold 232 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total transaction of $91,514.72. Following the completion of the sale, the chief accounting officer now directly owns 8,915 shares of the company’s stock, valued at approximately $3,516,610.90. This represents a 2.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Angie Y. Park sold 685 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $354.38, for a total transaction of $242,750.30. Following the sale, the chief financial officer now owns 8,674 shares of the company’s stock, valued at $3,073,892.12. This trade represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,280 shares of company stock valued at $8,316,190 over the last ninety days. Corporate insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On Accenture

A hedge fund recently raised its stake in Accenture stock. Brighton Jones LLC lifted its position in shares of Accenture plc (NYSE:ACN) by 36.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,438 shares of the information technology services provider’s stock after purchasing an additional 4,905 shares during the quarter. Brighton Jones LLC’s holdings in Accenture were worth $6,486,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 75.14% of the company’s stock.

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.