Brokerages Anticipate Amdocs Limited (DOX) Will Announce Earnings of $0.87 Per Share
Equities research analysts forecast that Amdocs Limited (NASDAQ:DOX) will announce $0.87 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Amdocs Limited’s earnings. The lowest EPS estimate is $0.85 and the highest is $0.88. Amdocs Limited reported earnings per share of $0.86 during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.2%. The firm is scheduled to announce its next earnings results after the market closes on Tuesday, May 9th.
On average, analysts expect that Amdocs Limited will report full year earnings of $3.50 per share for the current fiscal year, with EPS estimates ranging from $3.47 to $3.54. For the next year, analysts anticipate that the company will post earnings of $3.72 per share, with EPS estimates ranging from $3.66 to $3.82. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Amdocs Limited.
Amdocs Limited (NASDAQ:DOX) last posted its quarterly earnings results on Wednesday, February 1st. The technology company reported $0.90 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.90. The company had revenue of $955 million for the quarter, compared to analyst estimates of $954.79 million. Amdocs Limited had a net margin of 10.83% and a return on equity of 14.57%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the business posted $0.86 EPS.
DOX has been the subject of several research analyst reports. Zacks Investment Research cut shares of Amdocs Limited from a “buy” rating to a “hold” rating in a report on Wednesday, January 4th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $65.00 price target on shares of Amdocs Limited in a report on Thursday, December 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $64.17.
Amdocs Limited (NASDAQ:DOX) traded up 0.28% during mid-day trading on Tuesday, reaching $60.74. 878,870 shares of the company’s stock traded hands. The firm has a 50 day moving average of $61.40 and a 200 day moving average of $59.66. Amdocs Limited has a 1-year low of $54.12 and a 1-year high of $62.65. The firm has a market cap of $8.91 billion, a PE ratio of 22.43 and a beta of 0.64.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were issued a dividend of $0.22 per share. This is a boost from Amdocs Limited’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $0.88 annualized dividend and a yield of 1.45%. Amdocs Limited’s dividend payout ratio is presently 28.78%.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning boosted its position in shares of Amdocs Limited by 62.7% in the first quarter. Creative Planning now owns 2,198 shares of the technology company’s stock valued at $134,000 after buying an additional 847 shares during the last quarter. KBC Group NV boosted its position in shares of Amdocs Limited by 65.4% in the third quarter. KBC Group NV now owns 3,043 shares of the technology company’s stock valued at $176,000 after buying an additional 1,203 shares during the last quarter. PEAK6 Investments L.P. acquired a new position in shares of Amdocs Limited during the fourth quarter valued at approximately $231,000. Engineers Gate Manager LP acquired a new position in shares of Amdocs Limited during the third quarter valued at approximately $243,000. Finally, BancorpSouth Inc boosted its position in shares of Amdocs Limited by 5.9% in the third quarter. BancorpSouth Inc now owns 4,453 shares of the technology company’s stock valued at $258,000 after buying an additional 249 shares during the last quarter. Institutional investors and hedge funds own 89.04% of the company’s stock.
Amdocs Limited 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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