Analysts predict that Amdocs Limited (NASDAQ:DOX) will announce $0.95 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for Amdocs’ earnings, with estimates ranging from $0.94 to $0.97. Amdocs posted earnings per share of $0.94 in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.1%. The firm is expected to announce its next earnings report after the market closes on Tuesday, May 8th.
On average, analysts expect that Amdocs will report full year earnings of $4.04 per share for the current fiscal year, with EPS estimates ranging from $4.03 to $4.05. For the next financial year, analysts forecast that the business will report earnings of $4.32 per share, with EPS estimates ranging from $4.22 to $4.42. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Amdocs.
Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.17. Amdocs had a return on equity of 15.13% and a net margin of 11.72%. The company had revenue of $977.70 million for the quarter, compared to analysts’ expectations of $979.13 million. During the same period in the previous year, the firm earned $0.90 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year.
Several analysts have recently issued reports on DOX shares. Zacks Investment Research raised Amdocs from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. Jefferies Group raised Amdocs from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $71.37 to $60.20 in a report on Monday, March 19th. ValuEngine raised Amdocs from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. BidaskClub raised Amdocs from a “strong sell” rating to a “sell” rating in a report on Thursday, January 18th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $77.00 price objective on shares of Amdocs in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Amdocs currently has a consensus rating of “Hold” and a consensus target price of $69.60.
Several institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in shares of Amdocs by 3.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 22,490 shares of the technology company’s stock worth $1,447,000 after acquiring an additional 835 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Amdocs by 2.3% during the 4th quarter. Mackenzie Financial Corp now owns 37,379 shares of the technology company’s stock valued at $2,448,000 after buying an additional 839 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in Amdocs by 18.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 5,435 shares of the technology company’s stock valued at $356,000 after buying an additional 860 shares during the period. Greenleaf Trust raised its holdings in Amdocs by 1.7% during the 4th quarter. Greenleaf Trust now owns 53,868 shares of the technology company’s stock valued at $3,527,000 after buying an additional 886 shares during the period. Finally, Pzena Investment Management LLC raised its holdings in Amdocs by 18.1% during the 4th quarter. Pzena Investment Management LLC now owns 6,773 shares of the technology company’s stock valued at $443,000 after buying an additional 1,036 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ DOX opened at $66.08 on Friday. Amdocs has a 12 month low of $60.30 and a 12 month high of $71.72. The company has a market capitalization of $9,477.39, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 2.24 and a beta of 0.54.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Friday, March 30th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.51%. This is a boost from Amdocs’s previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, March 28th. Amdocs’s dividend payout ratio is 28.17%.
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Amdocs Company Profile
Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers. The Company develops, implements and manages software and services associated with business support systems (BSS), operational support systems (OSS) and network operations to enable service providers to introduce new products and services, process orders, monetize data, support new business models and enhance their understanding of their customers.
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