Wall Street analysts predict that Accenture Plc (NYSE:ACN) will announce $11.08 billion in sales for the current quarter, Zacks reports. Eight analysts have made estimates for Accenture’s earnings. The highest sales estimate is $11.13 billion and the lowest is $11.03 billion. Accenture reported sales of $10.15 billion in the same quarter last year, which indicates a positive year over year growth rate of 9.2%. The business is scheduled to issue its next quarterly earnings report before the market opens on Thursday, September 26th.

According to Zacks, analysts expect that Accenture will report full year sales of $43.24 billion for the current financial year, with estimates ranging from $43.19 billion to $43.29 billion. For the next year, analysts expect that the business will report sales of $46.13 billion, with estimates ranging from $45.68 billion to $46.48 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Accenture.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, June 27th. The information technology services provider reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. Accenture had a net margin of 10.93% and a return on equity of 36.24%. The business had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $11.03 billion. During the same period last year, the firm posted $1.79 earnings per share. Accenture’s quarterly revenue was up 3.8% on a year-over-year basis.

Several research analysts have recently issued reports on ACN shares. Zacks Investment Research lowered Accenture from a “hold” rating to a “sell” rating and set a $214.00 target price for the company. in a research report on Monday. UBS Group set a $190.00 price target on Accenture and gave the stock a “hold” rating in a research note on Friday, June 28th. Wells Fargo & Co increased their price objective on Accenture from $193.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Argus raised their price objective on Accenture to $220.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, Credit Suisse Group set a $180.00 target price on shares of Accenture and gave the company a “hold” rating in a report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $196.63.

In other news, CEO David Rowland sold 2,255 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $194.03, for a total value of $437,537.65. Following the sale, the chief executive officer now directly owns 25,078 shares of the company’s stock, valued at $4,865,884.34. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Daniel T. London sold 2,283 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $188.03, for a total value of $429,272.49. Following the transaction, the insider now owns 27,294 shares of the company’s stock, valued at $5,132,090.82. The disclosure for this sale can be found here. Insiders have sold 22,760 shares of company stock valued at $4,353,328 in the last quarter. 0.18% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Farmers National Bank raised its position in Accenture by 6.2% in the 2nd quarter. Farmers National Bank now owns 924 shares of the information technology services provider’s stock worth $171,000 after buying an additional 54 shares during the last quarter. Mitchell Capital Management Co. lifted its position in Accenture by 1.4% during the first quarter. Mitchell Capital Management Co. now owns 4,140 shares of the information technology services provider’s stock valued at $729,000 after purchasing an additional 56 shares during the period. Private Trust Co. NA lifted its position in Accenture by 1.6% during the second quarter. Private Trust Co. NA now owns 3,642 shares of the information technology services provider’s stock valued at $672,000 after purchasing an additional 57 shares during the period. Modera Wealth Management LLC boosted its holdings in Accenture by 1.5% in the second quarter. Modera Wealth Management LLC now owns 3,891 shares of the information technology services provider’s stock worth $719,000 after purchasing an additional 57 shares during the last quarter. Finally, Enterprise Bank & Trust Co boosted its holdings in Accenture by 0.7% in the second quarter. Enterprise Bank & Trust Co now owns 9,780 shares of the information technology services provider’s stock worth $1,807,000 after purchasing an additional 65 shares during the last quarter. 69.88% of the stock is currently owned by institutional investors.

Shares of ACN stock traded up $1.71 during midday trading on Friday, reaching $191.37. 2,364,472 shares of the stock were exchanged, compared to its average volume of 1,880,892. Accenture has a 1 year low of $132.63 and a 1 year high of $202.80. The company’s 50 day moving average is $194.48 and its two-hundred day moving average is $182.26. The firm has a market cap of $130.92 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 2.37 and a beta of 1.04.

About Accenture

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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