logo
Plus   Neg
Share
Email

Accenture Raises FY19 Outlook; Boosts Semi-annual Dividend 10% - Quick Facts

While reporting financial results for the second quarter on Thursday, Accenture Plc (ACN) raised its business outlook for the full-year 2019 and provided revenue guidance for the third quarter.

For fiscal 2019, the company now expects earnings in a range of $7.18 to $7.32 per share on revenue growth of 6.5 to 8.5 percent in local currency.

Previously, the company projected earnings in the range of $7.01 to $7.25 per share on revenue growth of 6 to 8 percent in local currency.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.23 per share on revenue growth of 8.4 percent to $42.9 billion for the year. Analysts' estimates typically exclude special items.

For the third quarter, Accenture expects revenues to be in the range of $10.80 billion to $11.10 billion, 5.5 percent to 8.5 percent growth in local currency, reflecting the company's assumption of a negative 4.5 percent foreign-exchange impact compared with the third quarter of fiscal 2018.

The Street is looking for revenue growth of 7.1 percent to $11.05 billion for the quarter.

Accenture also declared a 10 percent higher semi-annual cash dividend of $1.46 per share, payable on May 15, 2019 to shareholders of record at the close of business on April 11, 2019.

As previously disclosed, the company plans to begin paying dividends on a quarterly basis in the first quarter of fiscal 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
While reporting financial results for the second quarter, Johnson & Johnson (JNJ) on Tuesday maintained its adjusted earnings forecast for the full year 2019, while raising sales outlook. For fiscal 2019, the company maintained its outlook for adjusted earnings in the range of $8.53 to $8.63 per share.... Canada's new regulations that provide extra protection for airline passengers will kick in Monday, July 15. The new rules from the Canada Transportation Agency, which has received severe backlash from industry and consumer advocates, requires airlines to compensate passengers up to $2,400 if they... California-based Fieldsource Food Systems Inc. has recalled about 13,000 pounds of diced beef and chicken products due to misbranding and undeclared allergens. The company says the product contain wheat, a known allergen, but is not declared on the product label. The uncooked, marinated, diced beef...
Follow RTT