Amdocs Limited (DOX) Expected to Post Quarterly Sales of $1.02 Billion

Equities analysts expect Amdocs Limited (NASDAQ:DOX) to announce $1.02 billion in sales for the current quarter, Zacks reports. Four analysts have made estimates for Amdocs’ earnings, with the highest sales estimate coming in at $1.02 billion and the lowest estimate coming in at $1.01 billion. Amdocs reported sales of $992.34 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.8%. The firm is expected to issue its next quarterly earnings report 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 year, analysts expect that the firm will report sales of $4.21 billion, with estimates ranging from $4.18 billion to $4.26 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Amdocs.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings results on Tuesday, February 5th. The technology company reported $0.98 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.01). The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. Amdocs had a return on equity of 14.75% and a net margin of 8.46%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 earnings per share.



Several brokerages have commented on DOX. Zacks Investment Research downgraded Amdocs from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. BidaskClub downgraded Amdocs from a “hold” rating to a “sell” rating in a research report on Thursday. ValuEngine downgraded Amdocs from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Finally, JPMorgan Chase & Co. set a $70.00 price target on Amdocs and gave the stock a “hold” rating in a research report on Tuesday, December 11th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $71.03.

Large investors have recently made changes to their positions in the company. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Amdocs during the 4th quarter worth approximately $25,000. Riverview Trust Co acquired a new stake in shares of Amdocs during the 4th quarter worth approximately $27,000. Cutler Group LP acquired a new stake in shares of Amdocs during the 4th quarter worth approximately $55,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Amdocs during the 4th quarter worth approximately $58,000. Finally, Honkamp Krueger Financial Services Inc. acquired a new stake in shares of Amdocs during the 3rd quarter worth approximately $124,000. 93.40% of the stock is currently owned by institutional investors.

NASDAQ DOX traded up $0.28 during trading on Friday, hitting $54.50. The company’s stock had a trading volume of 46,520 shares, compared to its average volume of 1,334,563. The company has a market cap of $7.61 billion, a P/E ratio of 14.57, a P/E/G ratio of 1.63 and a beta of 0.52. Amdocs has a 52 week low of $52.60 and a 52 week high of $71.72.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Thursday, March 28th. This is a positive change from Amdocs’s previous quarterly dividend of $0.25. Amdocs’s dividend payout ratio (DPR) is presently 26.74%.

About Amdocs

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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