Accenture PLC Stock Buy Recommendation Reiterated (ACN)
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- The revenue growth came in higher than the industry average of 6.8%. Since the same quarter one year prior, revenues slightly increased by 6.0%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- ACN's debt-to-equity ratio is very low at 0.00 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.36, which illustrates the ability to avoid short-term cash problems.
- Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. When compared to other companies in the IT Services industry and the overall market, ACCENTURE PLC's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
- ACCENTURE PLC has improved earnings per share by 10.8% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, ACCENTURE PLC increased its bottom line by earning $3.40 versus $2.66 in the prior year. This year, the market expects an improvement in earnings ($3.84 versus $3.40).
- The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the IT Services industry average. The net income increased by 9.7% when compared to the same quarter one year prior, going from $628.01 million to $689.22 million.
--Written by a member of TheStreet Ratings Staff.
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