Amdocs (NASDAQ:DOX) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.28-4.34 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.28. The company issued revenue guidance of $4.070233088-4.109981458 billion, compared to the consensus revenue estimate of $4.09 billion.Amdocs also updated its Q4 2019 guidance to $1.04-1.10 EPS.
A number of equities analysts have commented on the company. ValuEngine raised Amdocs from a sell rating to a hold rating in a research note on Wednesday, May 15th. TheStreet raised Amdocs from a c+ rating to a b- rating in a research note on Tuesday, June 4th. JPMorgan Chase & Co. boosted their price objective on Amdocs from $67.00 to $75.00 and gave the stock a neutral rating in a research note on Thursday. BidaskClub raised Amdocs from a hold rating to a buy rating in a research note on Saturday. Finally, Zacks Investment Research lowered Amdocs from a buy rating to a hold rating and set a $67.00 price objective on the stock. in a research note on Tuesday, July 16th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Amdocs has an average rating of Hold and an average price target of $71.00.
Amdocs stock traded up $0.18 on Friday, reaching $64.28. The company’s stock had a trading volume of 625,866 shares, compared to its average volume of 557,110. The stock has a market capitalization of $8.66 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.82 and a beta of 0.41. The company’s fifty day moving average is $63.02. Amdocs has a twelve month low of $52.60 and a twelve month high of $67.57.
Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.19 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that Amdocs will post 4.01 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, September 27th. Amdocs’s dividend payout ratio (DPR) is presently 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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