Stock Update (NYSE:ACN): Accenture Raises Full-Year Earnings Outlook On Strong Bookings

[at Investor’s Business Daily] – Accenture (ACN) early Thursday reported in-line fiscal Q3 earnings and revenue that rose 8.4%, topping estimates. The global tech consulting and services company hiked its full-year profit outlook but … Read more on this. Accenture plc (ACN) , valued at $73.45B, opened at $118.54. Looking at today’s market, ACN one day range is $116.50 to $118.54 and has traded between $88.43 and $120.78 over the past 12 months. Accenture (ACN) shares are currently priced at 22.37x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.21x earnings multiple for the same period. The company pays shareholders $2.20 per share in dividend income per year, for a current yield of 1.85%. According to a consensus of 24 analysts, the earnings estimate of $1.41 per share would be $0.11 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $5.32 which would be a $0.50 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $8.34 Billion. If reported, that would be a 7.34% increase over the year-ago quarter. In terms of ratings, Cantor Fitzgerald Initiated ACN at Buy (Oct 16, 2015). Previously, Argus upgraded ACN from Hold to Buy. Investors should keep in mind is that the average price target is $120.94, which is 2.02% above where the stock opened this morning. See more in (NYSE:ACN) Similar Articles: Company Update: Accenture plc (NYSE:ACN) – Accenture Named Technology Advisory House of the Year by Energy Risk Magazine Stock Update: Accenture plc (NYSE:ACN) – Accenture (ACN) Stock Up on Second Quarter Earnings Company Update: Accenture plc (NYSE:ACN) – Accenture Survives Software Sag Of ’16; Stock Flirts With Record