Amdocs (NASDAQ:DOX) Issues Q4 2019 Earnings Guidance

Amdocs (NASDAQ:DOX) issued an update on its fourth quarter 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.04-1.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.13. The company issued revenue guidance of $1.015-1.055 billion, compared to the consensus revenue estimate of $1.03 billion.Amdocs also updated its FY 2019 guidance to $4.28-4.34 EPS.

Several brokerages have recently weighed in on DOX. TheStreet raised Amdocs from a c+ rating to a b- rating in a research note on Tuesday, June 4th. BidaskClub upgraded Amdocs from a hold rating to a buy rating in a report on Saturday. Zacks Investment Research lowered Amdocs from a buy rating to a hold rating and set a $67.00 target price on the stock. in a report on Tuesday, July 16th. JPMorgan Chase & Co. raised their target price on Amdocs from $67.00 to $75.00 and gave the company a neutral rating in a report on Thursday. Finally, ValuEngine upgraded Amdocs from a sell rating to a hold rating in a report on Wednesday, May 15th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $71.00.

DOX stock traded up $0.18 during mid-day trading on Friday, hitting $64.28. 625,866 shares of the stock were exchanged, compared to its average volume of 557,110. The firm’s fifty day simple moving average is $63.02. Amdocs has a 12 month low of $52.60 and a 12 month high of $67.57. The company has a market cap of $8.66 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.82 and a beta of 0.41.

Amdocs (NASDAQ:DOX) last released its earnings results on Wednesday, August 7th. The technology company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. Amdocs had a return on equity of 15.73% and a net margin of 9.90%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company posted $1.03 EPS. Amdocs’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities analysts anticipate that Amdocs will post 4.01 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, September 30th will be paid a $0.285 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.14 annualized dividend and a dividend yield of 1.77%. Amdocs’s payout ratio is currently 30.48%.

Amdocs Company Profile

Amdocs Limited, through its subsidiaries, provides software and services to the communications, pay TV, entertainment, and media industry service providers worldwide. The company offers amdocsONE a line of services designed for various stages of a service provider's lifecycle, including planning, delivery, implementation, and ongoing support, as well as consumer experience and monetization, media and digital, enterprise and connected society, service-driven network, and services and agile operation solutions.

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Earnings History and Estimates for Amdocs (NASDAQ:DOX)

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