Post-Earnings Research Coverage - Accenture
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LONDON, September 29, 2014 /PRNewswire/ --
Investor-Edge.com has issued free post-earnings research coverage on Accenture PLC (NYSE: ACN). The company reported its fourth quarter and full-year financial results on September 24, 2014. During Q4 FY14 and for FY14, Accenture PLC's net revenues grew 10% and 5% in US dollars, respectively, on Y-o-Y basis. Further, the company's diluted EPS for Q4 FY14 increased $0.07 from the previous year, while for FY14, diluted EPS decreased by $0.41 from FY13. Our free coverage report can be accessed at:
http://www.investor-edge.com/register
Earnings Overview
During Q4 FY14, Accenture's net revenue increased to $7.78 billion from $7.09 billion in the previous year quarter, reflecting a Y-o-Y increase of 8% in local currency. The company's reported quarter's revenue surpassed its guided range of $7.45 billion to $7.70 billion. The net income attributable to Accenture PLC during the reported quarter grew to $701.02 million, from $671.00 million in the previous year quarter. On a per share basis, the company's earnings increased to $1.08 per diluted share from $1.01, in Q4 FY13. Accenture's New Bookings stood at $8.3 billion, reflecting a 1% positive foreign-exchange impact compared with Q4 FY13. The free research on ACN can be downloaded as in PDF format at:
http://www.Investor-Edge.com/ACNFreeReport
For full year 2014, the company's net revenues increased to $30.00 billion from $28.56 billion in FY13, a Y-o-Y increase of 5% in local currency. The reported period's net revenue surpassed Bloomberg analysts' expectations of $29.8 billion. Further, Accenture's New Bookings reached a new annual record of at $35.88 billion, reflecting a Y-o-Y increase of 8% in both US dollars and local currency. For FY14, net income attributable to Accenture PLC stood at $2.94 billion, compared with $3.28 billion in FY13. On a per share basis, the company's earnings declined to $4.52 per diluted share from $4.93, in FY13. The Bloomberg analysts' had expected net income attributable to Accenture PLC of $3.01 billion or $4.53 per share, in FY14.
Pierre Nanterme, Chairman and CEO of Accenture, stated that he is pleased with the company's financial results for Q4 FY14 and for the full FY14. He mentioned that the company's very strong revenue growth of 8% for the fourth quarter was broad-based across the dimensions of its business, and on top of the company's strong revenue growth in the third quarter, enabled the company to deliver an excellent second half of the year. He added that for the full fiscal year, Accenture again increased market share and delivered record new bookings, grew EPS faster than revenues, generated strong free cash flow, and returned $3.8 billion in cash to its shareholders. Sign up and read the free analyst's notes on ACN at:
http://www.Investor-Edge.com/ACN-29092014
According to Mr. Nanterme, the company's growth strategy is clearly resonating with the needs of its clients, which are the world's leading companies. He added that Accenture is investing to further strengthen its industry expertise as well as to differentiate its capabilities-including in strategy, digital, technology, and operations. Accenture's CEO also stated that the company has momentum in its business, and he is confident about the company's ability to continue driving sustainable, profitable growth and delivering value for its shareholders.
Accenture's Board of Directors announced a semi-annual cash dividend of $1.02 per share, an increase of $0.09 per share, over its previous semi-annual dividend, declared in March 2014.
In its outlook for Q1 FY15, the company's expects net revenues to be in the range of $7.55 billion to $7.80 billion. The company's guidance assumes a foreign-exchange impact of negative 2% compared with Q1 FY14. Further, for FY15, the company projects net revenue growth to be in the range of 4% to 7% in local currency and diluted EPS to be in the range of $4.74 to $4.88. Visit Investor-Edge and access the latest research on ACN at:
http://www.Investor-Edge.com/ACNEarningsCoverage
Stock Performance
On the day of earnings release, September 24, 2014, Accenture PLC's stock advanced 0.75%, ending the session at $80.20. The stock fell by 1.52% on the following day, although, on the last close, Friday, September 26, 2014, the stock finished at $79.29, which was 0.39% above its previous day's closing price. A total of 2.91 million shares were traded, slightly above its three months average volume of 2.59 million shares. Over the previous three trading sessions and over the last one month, the company's shares have declined 0.39% and 2.14%, respectively. Moreover, the stock has lost 3.56% from the beginning of 2014. Shares in Accenture PLC are trading below their 50-day and 200-day moving averages of $80.13 and $80.68, respectively. Furthermore, the stock traded at a PE ratio of 18.05 and has a Relative Strength Index (RSI) of 42.60.
Sneak Peek to Corporate Insider Trading
In the last one month, Accenture PLC has reported nine trading transactions by nine insiders. On September 01, 2014, Mr. Jaime Ardila, Director at Accenture PLC, sold 1,037 shares of the company for $83,914 at a price of $80.92 per share. In addition, on September 05, 2014, eight other insiders of the company purchased a total of 2,333 shares of Accenture PLC, worth $190,769.40, at an average price of $81.77 per share. Complimentary in-depth research on ACN is available at:
http://www.Investor-Edge.com/ACNInsiderTrading
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