Analysts expect that Amdocs Limited (NASDAQ:DOX) will announce $1.02 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Amdocs’ earnings, with estimates ranging from $1.01 billion to $1.02 billion. Amdocs reported sales of $992.34 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.8%. The business is expected to report its next quarterly earnings results on Thursday, May 9th.
On average, analysts expect that Amdocs will report full-year sales of $4.08 billion for the current financial year, with estimates ranging from $4.07 billion to $4.09 billion. For the next financial year, analysts expect that the company will post sales of $4.21 billion, with estimates ranging from $4.18 billion to $4.26 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Amdocs.
Get Amdocs alerts:Amdocs (NASDAQ:DOX) last posted its quarterly earnings results on Tuesday, February 5th. The technology company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.01). The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. Amdocs had a net margin of 8.46% and a return on equity of 14.75%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $1.06 earnings per share.
Several research analysts recently weighed in on DOX shares. Zacks Investment Research cut shares of Amdocs from a “hold” rating to a “sell” rating in a report on Monday, November 26th. TheStreet cut shares of Amdocs from a “b” rating to a “c+” rating in a report on Friday, November 9th. BidaskClub cut shares of Amdocs from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. ValuEngine cut shares of Amdocs from a “hold” rating to a “sell” rating in a report on Friday. Finally, JPMorgan Chase & Co. set a $70.00 target price on shares of Amdocs and gave the company a “hold” rating in a research note on Tuesday, December 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $71.03.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morgan Dempsey Capital Management LLC bought a new stake in shares of Amdocs in the fourth quarter valued at approximately $25,000. Riverview Trust Co bought a new stake in shares of Amdocs in the fourth quarter valued at approximately $27,000. Cutler Group LP bought a new stake in shares of Amdocs in the fourth quarter valued at approximately $55,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Amdocs in the fourth quarter valued at approximately $58,000. Finally, Honkamp Krueger Financial Services Inc. bought a new stake in shares of Amdocs in the third quarter valued at approximately $124,000. Hedge funds and other institutional investors own 93.23% of the company’s stock.
Amdocs stock traded up $0.06 during midday trading on Friday, hitting $56.07. 978,232 shares of the stock were exchanged, compared to its average volume of 1,471,843. Amdocs has a 52-week low of $52.60 and a 52-week high of $71.72. The stock has a market cap of $7.84 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.68 and a beta of 0.53.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, March 29th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 2.03%. This is a boost from Amdocs’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, March 28th. Amdocs’s payout ratio is presently 26.74%.
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.
Further Reading: Net Margin
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