Amdocs (NASDAQ:DOX) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.28-4.34 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.28. The company issued revenue guidance of $4.070233088-4.109981458 billion, compared to the consensus revenue estimate of $4.09 billion.Amdocs also updated its Q4 2019 guidance to $1.04-1.10 EPS.
DOX stock traded up $0.60 during midday trading on Wednesday, hitting $62.08. 675,162 shares of the company’s stock were exchanged, compared to its average volume of 960,426. The stock’s fifty day moving average is $62.92. The company has a market cap of $8.58 billion, a P/E ratio of 16.60, a PEG ratio of 1.83 and a beta of 0.41. Amdocs has a one year low of $52.60 and a one year high of $67.57.
Amdocs (NASDAQ:DOX) last posted its earnings results on Tuesday, May 14th. The technology company reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.03. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Amdocs had a return on equity of 15.18% and a net margin of 8.96%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. On average, equities analysts expect that Amdocs will post 4.01 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, June 28th were issued a $0.285 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.84%. Amdocs’s dividend payout ratio (DPR) is 30.48%.
A number of brokerages have recently commented on DOX. TheStreet upgraded Amdocs from a c+ rating to a b- rating in a report on Tuesday, June 4th. JPMorgan Chase & Co. cut their price target on Amdocs from $70.00 to $67.00 and set a neutral rating on the stock in a report on Wednesday, May 15th. ValuEngine raised Amdocs from a sell rating to a hold rating in a research report on Wednesday, May 15th. BidaskClub raised Amdocs from a sell rating to a hold rating in a research report on Tuesday, June 11th. Finally, Zacks Investment Research downgraded Amdocs from a buy rating to a hold rating and set a $67.00 target price on the stock. in a research report on Tuesday, July 16th. Four research analysts have rated the stock with a hold rating, Amdocs currently has a consensus rating of Hold and a consensus target price of $67.00.
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.
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