Amdocs (DOX) Issues Q1 Earnings Guidance

Amdocs (NASDAQ:DOX) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of $0.95-$1.01 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.06. The company issued revenue guidance of $990-$1.03 billion, compared to the consensus revenue estimate of $1.02 billion.Amdocs also updated its FY 2019 guidance to $4.15-4.31 EPS.

Several research firms have issued reports on DOX. BidaskClub downgraded shares of Amdocs from a sell rating to a strong sell rating in a research note on Thursday, August 30th. Zacks Investment Research upgraded shares of Amdocs from a sell rating to a hold rating in a research note on Monday, August 20th. Citigroup decreased their target price on shares of Amdocs from $79.00 to $77.00 and set a buy rating for the company in a research note on Thursday, August 2nd. Robert W. Baird restated a hold rating and issued a $72.00 target price on shares of Amdocs in a research note on Thursday, August 2nd. Finally, Barclays set a $73.00 target price on shares of Amdocs and gave the company a hold rating in a research note on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $72.60.

Shares of DOX stock traded up $2.45 on Friday, hitting $66.79. The stock had a trading volume of 2,333,505 shares, compared to its average volume of 825,702. The company has a market capitalization of $9.23 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 1.87 and a beta of 0.52. Amdocs has a 52-week low of $60.50 and a 52-week high of $71.72.

Amdocs (NASDAQ:DOX) last announced its earnings results on Thursday, November 8th. The technology company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.02). The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1 billion. Amdocs had a net margin of 10.56% and a return on equity of 15.00%. Amdocs’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 earnings per share. As a group, research analysts forecast that Amdocs will post 4.05 EPS for the current fiscal year.

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About Amdocs

Amdocs Limited, through its subsidiaries, provides software and services solutions to the communications, entertainment, pay TV, and media industry service providers worldwide. The company offers customer experience and monetization solutions that allow its customers to contextual and personalize interactions.

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Earnings History and Estimates for Amdocs (NASDAQ:DOX)

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