logo
Plus   Neg
Share
Email

Accenture Guides FY20 EPS Below Estimates; Boosts Dividend 10% - Quick Facts

While reporting financial results for the fourth quarter and fiscal 2019 on Thursday, Accenture Plc (ACN) initiated earnings and revenue growth outlook for the full-year 2020.

For fiscal 2020, the company now expects earnings in a range of $7.62 to $7.84 per share on revenue growth of 5.0 to 8.0 percent in local currency.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.96 per share on revenue growth of 6.7 percent to $46.13 billion for the year. Analysts' estimates typically exclude special items.

Additionally, Accenture also expects revenues for the first quarter of fiscal 2020 to be in the range of $10.9 billion to $11.2 billion, 5 percent to 8 percent growth in local currency. The street is looking for revenues of $11.26 billion for the quarter.

Julie Sweet, Accenture's chief executive officer, said, "As we look ahead to fiscal 2020, we will continue to be laser-focused on creating value for our clients, being a magnet for the best people in the industry and maximizing shareholder value."

As previously disclosed, the company is moving from a semi-annual to a quarterly schedule for dividend payments in fiscal 2020.

Accenture's Board of Directors has declared a quarterly cash dividend of $0.80 per share, payable on November 15, 2019 to shareholders of record at the close of business on October 17, 2019. The new quarterly dividend represents a 10 percent increase over the equivalent quarterly rate of fiscal 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Kylie Cosmetics and Kylie Skin is set for a growth after the cosmetics company launched by Kylie Jenner in 2015 sold a major majority stake to beauty conglomerate Coty for $600 million. Jenner, who has been maintaining the full ownership of the company since its launch, sold 51 percent stake in Kylie... FedEx Corp. Chairman and CEO Fred Smith issued a challenge to the New York Times for publishing a "distorted and factually incorrect" story regarding corporate tax payments by the package delivery giant. The New York Times reported on Sunday that FedEx had made a major push for a reduction in corporate taxes when Donald Trump won the presidential election. A new study showed that foot traffic at Starbucks stores declined after the coffee giant changed to an 'open bathroom' policy. According to the study, store attendance per month at Starbuck stores declined 6.8 percent, relative to nearby restaurants and cafes, after the company made changes to its bathroom policy. In May 2018, Starbucks announced a new bathroom policy.
RELATED NEWS
Follow RTT
>