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
United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets. GHSW, LLC. is recalling Trader Joe's Southwest Style Sweet Potato Sauté Bowl citing undeclared milk and egg allergens in the dressing, according to the Food and Drug Administration. The recall was initiated after it was discovered that the dressing in the bowl contains milk and egg, but are not declared on the label. California Gov. Gavin Newsom signed an executive order on Wednesday that bans the sale of new gasoline-powered vehicles in the state by 2035. With this, California plans to phase out the sale of all gasoline-powered vehicles and to drastically reduce demand for fossil fuel in its fight against climate change. The order directs the California Air Resources Board to develop a plan.
Follow RTT