Equities analysts predict that Amdocs Limited (NASDAQ:DOX) will report $1.07 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Amdocs’ earnings, with the highest EPS estimate coming in at $1.08 and the lowest estimate coming in at $1.07. Amdocs posted earnings per share of $0.99 during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.1%. The company is expected to announce its next quarterly earnings report on Thursday, November 14th.
According to Zacks, 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 year, analysts anticipate that the firm will report earnings of $4.56 per share, with EPS estimates ranging from $4.48 to $4.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Amdocs.
Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Amdocs had a return on equity of 15.73% and a net margin of 9.90%. Amdocs’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 EPS.
A number of research firms recently weighed in on DOX. Zacks Investment Research cut Amdocs from a “buy” rating to a “hold” rating and set a $67.00 price target for the company. in a report on Tuesday, July 16th. BidaskClub raised Amdocs from a “hold” rating to a “buy” rating in a report on Saturday, August 10th. ValuEngine raised Amdocs from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. TheStreet raised Amdocs from a “c+” rating to a “b-” rating in a report on Tuesday, June 4th. Finally, JPMorgan Chase & Co. upped their price target on Amdocs from $67.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $71.00.
NASDAQ DOX traded up $0.37 during trading hours on Thursday, reaching $63.37. The company’s stock had a trading volume of 390,216 shares, 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 1-year low of $52.60 and a 1-year high of $67.57. The company’s 50-day moving average is $63.22 and its two-hundred day moving average is $58.37.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.285 per share. The ex-dividend date is Friday, September 27th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.80%. Amdocs’s payout ratio is currently 30.48%.
Several institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its position 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 acquiring an additional 200 shares during the period. Robecosam AG grew its position 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 acquiring an additional 200 shares during the period. ETRADE Capital Management LLC grew its position 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 acquiring an additional 279 shares during the period. O Shares Investment Advisers LLC grew its position 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 acquiring an additional 280 shares during the period. Finally, Farr Miller & Washington LLC DC grew its position 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 acquiring an additional 320 shares during the period. 90.70% of the stock is owned by institutional investors and hedge funds.
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.
Recommended Story: How much money do you need to begin day trading?
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.