logo
Plus   Neg
Share
Email

Accenture Narrows FY20 Outlook Range; Boosts Dividend 10% - Quick Facts

While reporting financial results for the third quarter on Thursday, Accenture Plc (ACN) narrowed its earnings and revenue growth guidance for the full-year 2020 and provided revenue guidance for the fourth quarter.

For fiscal 2020, the company now expects earnings in a range of $7.57 to $7.70 per share on revenue growth of 3.5 to 4.5 percent in local currency.

Previously, the company projected earnings in the range of $7.48 to $7.70 per share on revenue growth of 3 to 6 percent in local currency.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.58 per share on revenue growth of 2.4 percent to $44.27 billion for the year. Analysts' estimates typically exclude special items.

For the fourth quarter, Accenture expects revenues to be in the range of $10.6 billion to $11.0 billion, reflecting the company's assumption of a negative 1.0 percent foreign-exchange impact compared with the fourth quarter of fiscal 2019. The Street is looking for revenues of $10.88 billion for the quarter.

Accenture also declared a 10 percent higher quarterly cash dividend of $0.80 per share, payable on August 14, 2020 to shareholders of record at the close of business on July 16, 2020.

As previously disclosed, the company has moved from a semi-annual to a quarterly schedule for dividend payments in the first quarter of fiscal 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Nestle Prepared Foods, part of Swiss food and beverage giant Nestle SA, has recalled around 762,615 pounds of not-ready-to-eat or NRTE pepperoni hot pockets as it might be contaminated with extraneous materials including glass and hard plastic, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS said. Lake Champlain Chocolates or LCC has recalled select LCC milk chocolate products citing the possible presence of foreign objects, mainly brittle plastic pieces, according to the U.S. Food and Drug Administration. The affected products include Hazelnut Five Star Bar; Fruit & Nut Five Star Bar; Almond Five Star Bar; Granola Five Star Bar... A public health alert has been issued for ready-to-eat or RTE beef jerky products by the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The warning is given due to misbranding and the presence of undeclared anchovies, a known allergen. A recall was not requested because the products are not currently available for sale to consumers.
Follow RTT