Amdocs (DOX) Scheduled to Post Quarterly Earnings on Wednesday

Amdocs (NASDAQ:DOX) will issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $1.43 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.16. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion. Amdocs had a return on equity of 17.79% and a net margin of 11.30%. Amdocs’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.33 earnings per share. On average, analysts expect Amdocs to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Amdocs Stock Down 1.0 %

DOX opened at $83.99 on Wednesday. The business’s fifty day moving average is $89.38 and its two-hundred day moving average is $87.43. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market cap of $9.87 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.38 and a beta of 0.69. Amdocs has a one year low of $78.38 and a one year high of $99.75.

Amdocs Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, March 29th were given a dividend of $0.479 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.28%. This is an increase from Amdocs’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Wednesday, March 27th. Amdocs’s payout ratio is presently 41.11%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DOX shares. Barclays upped their target price on Amdocs from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. StockNews.com lowered Amdocs from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 15th. Finally, Citigroup upped their price target on Amdocs from $96.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Amdocs presently has an average rating of “Buy” and an average target price of $108.60.

About Amdocs

Amdocs Limited, through its subsidiaries, provides software and services worldwide. It designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. The company provides CES23, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; Amdocs Subscription Marketplace, a software-as-a-service-based platform that includes an expansive network of pre-integrated digital services, such as media, gaming, eLearning, sports, and retail to security and business services; the monetization suite for charging, billing, policy, and revenue management; Intelligent networking suite with a set of modular, flexible, and open service lifecycle management capabilities for network automation journeys; amAIz, a telco GenAI framework; Amdocs Digital Brands Suite, a pre-integrated digital business suite; and Amdocs eSIM Cloud for service providers.