$1.07 EPS Expected for Amdocs Limited (NASDAQ:DOX) This Quarter

Brokerages predict that Amdocs Limited (NASDAQ:DOX) will post earnings of $1.07 per share for the current quarter, according to Zacks. Four analysts have made estimates for Amdocs’ earnings, with estimates ranging from $1.07 to $1.08. Amdocs reported earnings of $0.99 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.1%. The firm is expected to report its next quarterly earnings report on Thursday, November 14th.

On average, analysts expect that Amdocs will report full-year earnings of $4.31 per share for the current year, with EPS estimates ranging from $4.30 to $4.34. For the next fiscal year, analysts expect that the firm will report earnings of $4.56 per share, with EPS estimates ranging from $4.48 to $4.65. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Amdocs.

Amdocs (NASDAQ:DOX) last released its quarterly earnings data 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. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. Amdocs had a return on equity of 15.73% and a net margin of 9.90%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share.

A number of research firms have recently weighed in on DOX. ValuEngine raised Amdocs from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Zacks Investment Research lowered Amdocs from a “buy” rating to a “hold” rating and set a $67.00 price objective for the company. in a research note on Tuesday, July 16th. JPMorgan Chase & Co. upped their target price on Amdocs from $67.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. BidaskClub upgraded Amdocs from a “hold” rating to a “buy” rating in a report on Saturday, August 10th. Finally, TheStreet upgraded Amdocs from a “c+” rating to a “b-” rating in a report on Tuesday, June 4th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Amdocs currently has a consensus rating of “Hold” and an average target price of $71.00.

Shares of NASDAQ:DOX traded up $0.37 during trading on Thursday, reaching $63.37. 390,216 shares of the company traded hands, compared to its average volume of 951,887. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 1.85 and a beta of 0.41. Amdocs has a 52-week low of $52.60 and a 52-week high of $67.57. The business’s fifty day moving average is $63.22 and its 200-day moving average is $58.37.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, September 30th will be issued a dividend of $0.285 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.80%. Amdocs’s dividend payout ratio is presently 30.48%.

Several institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. raised its holdings in Amdocs by 1.6% in the first quarter. Assenagon Asset Management S.A. now owns 13,100 shares of the technology company’s stock worth $709,000 after purchasing an additional 200 shares in the last quarter. Robecosam AG raised its holdings in Amdocs by 10.5% in the second quarter. Robecosam AG now owns 2,100 shares of the technology company’s stock worth $130,000 after purchasing an additional 200 shares in the last quarter. ETRADE Capital Management LLC raised its holdings in Amdocs by 2.8% in the second quarter. ETRADE Capital Management LLC now owns 10,199 shares of the technology company’s stock worth $633,000 after purchasing an additional 279 shares in the last quarter. O Shares Investment Advisers LLC raised its holdings in Amdocs by 3.0% in the first quarter. O Shares Investment Advisers LLC now owns 9,590 shares of the technology company’s stock worth $519,000 after purchasing an additional 280 shares in the last quarter. Finally, Farr Miller & Washington LLC DC raised its holdings in Amdocs by 3.9% in the second quarter. Farr Miller & Washington LLC DC now owns 8,520 shares of the technology company’s stock worth $529,000 after purchasing an additional 320 shares in the last quarter. Institutional investors own 90.70% of the company’s stock.

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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