Accenture Trims FY22 EPS Outlook; Raises Dividend 10% - Update
(RTTNews) - While reporting financial results for the third quarter on Thursday, professional services company Accenture Plc (ACN) trims its earnings outlook for the full-year 2022 and also provided revenue outlook for the fourth quarter.
For fiscal 2022, the company now expects earnings in a range of $10.61 to $10.70 per share on revenue growth of 25.5 to 26.5 percent in local currency.
Previously, the company projected earnings in a range of $10.61 to $10.81 per share on revenue growth of 24 to 26 percent in local currency.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $10.28 per share on revenue growth of 31.10 percent to $58.77 billion for the year. Analysts' estimates typically exclude special items.
For the fourth quarter, the company projects revenues in the range of $15.0 billion to $15.5 billion, 20% to 24% growth in local currency, reflecting the company's assumption of a negative 8% foreign-exchange impact compared with the fourth quarter of fiscal 2021. The street is looking for revenues of $14.83 billion for the quarter.
The company said it still expects to return at least $6.5 billion in cash to shareholders through dividends and share repurchases.
Accenture's Board of Directors has declared a 10% higher quarterly cash dividend of $0.97 per share, payable on August 15, 2022 to shareholders of record at the close of business on July 14, 2022.
Accenture Acquires Cientra For Undisclosed Terms
Accenture To Acquire Brazilian Creative Agency SOKO For Undisclosed Terms
Accenture Raises FY23 Adj. EPS Outlook; Boosts Dividend 15% - Update
Accenture Raises FY23 EPS Outlook; Boosts Dividend 15% - Update
Accenture Guides FY23 EPS Below Estimates; Raises Dividend 15%
Yen Falls After BoJ Rate Decision
French GDP Growth Accelerates Unexpectedly
