Equities analysts forecast that Amdocs Limited (NASDAQ:DOX) will post earnings of $0.99 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Amdocs’ earnings, with estimates ranging from $0.98 to $1.01. Amdocs posted earnings of $1.06 per share in the same quarter last year, which indicates a negative year over year growth rate of 6.6%. The business is expected to report its next earnings report on Tuesday, January 29th.
According to Zacks, analysts expect that Amdocs will report full year earnings of $4.21 per share for the current financial year, with EPS estimates ranging from $4.19 to $4.25. For the next year, analysts expect that the business will post earnings of $4.48 per share, with EPS estimates ranging from $4.42 to $4.56. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Amdocs.
Amdocs (NASDAQ:DOX) last posted its earnings results on Thursday, November 8th. The technology company reported $0.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.02). Amdocs had a return on equity of 15.06% and a net margin of 8.92%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the company earned $0.94 EPS. The company’s revenue was up 2.3% on a year-over-year basis.
A number of equities research analysts recently weighed in on DOX shares. Zacks Investment Research upgraded shares of Amdocs from a “sell” rating to a “hold” rating in a report on Friday, September 14th. BidaskClub upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. Finally, TheStreet lowered shares of Amdocs from a “b” rating to a “c+” rating in a research note on Friday, November 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $72.60.
A number of large investors have recently bought and sold shares of DOX. Penserra Capital Management LLC grew its position in shares of Amdocs by 16.5% during the 3rd quarter. Penserra Capital Management LLC now owns 6,256 shares of the technology company’s stock valued at $412,000 after acquiring an additional 884 shares during the period. Wedge Capital Management L L P NC grew its position in shares of Amdocs by 8.8% during the 2nd quarter. Wedge Capital Management L L P NC now owns 11,650 shares of the technology company’s stock valued at $771,000 after acquiring an additional 944 shares during the period. State of Alaska Department of Revenue grew its position in shares of Amdocs by 2.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 43,396 shares of the technology company’s stock valued at $2,863,000 after acquiring an additional 1,064 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in shares of Amdocs by 12.5% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 9,662 shares of the technology company’s stock valued at $640,000 after acquiring an additional 1,073 shares during the period. Finally, Strs Ohio grew its position in shares of Amdocs by 14.7% during the 3rd quarter. Strs Ohio now owns 9,283 shares of the technology company’s stock valued at $612,000 after acquiring an additional 1,191 shares during the period. Hedge funds and other institutional investors own 91.15% of the company’s stock.
Shares of DOX traded down $1.41 on Thursday, reaching $62.39. The company’s stock had a trading volume of 96,601 shares, compared to its average volume of 880,184. Amdocs has a twelve month low of $60.50 and a twelve month high of $71.72. The firm has a market capitalization of $9.15 billion, a PE ratio of 16.68, a P/E/G ratio of 1.92 and a beta of 0.51.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 18th. Shareholders of record on Monday, December 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.00 annualized dividend and a yield of 1.60%. Amdocs’s dividend payout ratio (DPR) is 26.74%.
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.
Featured Story: What are the risks of holding treasury bonds?
Get a free copy of the Zacks research report on Amdocs (DOX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Amdocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amdocs and related companies with MarketBeat.com's FREE daily email newsletter.