Amdocs Limited (NASDAQ:DOX) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.91-0.97 for the period, compared to the Thomson Reuters consensus estimate of $0.99. The company issued revenue guidance of $955-995 million, compared to the consensus revenue estimate of $978.16 million.
Amdocs Limited (DOX) traded up 0.17% during midday trading on Friday, reaching $66.28. 257,857 shares of the company traded hands. Amdocs Limited has a 12-month low of $54.91 and a 12-month high of $67.62. The company has a 50 day moving average of $65.23 and a 200-day moving average of $62.44. The stock has a market capitalization of $9.67 billion, a P/E ratio of 23.03 and a beta of 0.54.
Amdocs Limited (NASDAQ:DOX) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. The business had revenue of $967 million during the quarter, compared to analysts’ expectations of $967.04 million. Amdocs Limited had a net margin of 11.11% and a return on equity of 14.83%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $0.90 earnings per share. Equities analysts anticipate that Amdocs Limited will post $3.83 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, September 28th. Amdocs Limited’s dividend payout ratio is 30.66%.
A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Amdocs Limited from a buy rating to a hold rating in a research note on Tuesday, May 2nd. Jefferies Group LLC reiterated a hold rating and set a $59.00 price target on shares of Amdocs Limited in a report on Friday, June 16th. Stifel Nicolaus reiterated a buy rating and set a $68.00 price target on shares of Amdocs Limited in a report on Wednesday, June 28th. BidaskClub lowered shares of Amdocs Limited from a hold rating to a sell rating in a report on Tuesday, June 13th. Finally, Robert W. Baird upped their price target on shares of Amdocs Limited from $62.00 to $66.00 and gave the company a neutral rating in a report on Wednesday, May 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $67.57.
About Amdocs Limited
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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