Brokers Offer Predictions for Amdocs Limited’s FY2019 Earnings (DOX)

Amdocs Limited (NASDAQ:DOX) – Equities researchers at Oppenheimer boosted their FY2019 earnings estimates for shares of Amdocs in a note issued to investors on Wednesday, May 15th. Oppenheimer analyst S. Eyal now expects that the technology company will post earnings per share of $4.05 for the year, up from their previous forecast of $3.94. Oppenheimer also issued estimates for Amdocs’ Q4 2019 earnings at $1.09 EPS and FY2020 earnings at $4.32 EPS.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings results on Tuesday, May 14th. The technology company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.03. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Amdocs had a net margin of 8.96% and a return on equity of 15.18%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 EPS.



A number of other analysts have also weighed in on the stock. Zacks Investment Research raised shares of Amdocs from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Friday. ValuEngine raised shares of Amdocs from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. JPMorgan Chase & Co. reduced their price target on shares of Amdocs from $70.00 to $67.00 and set a “neutral” rating for the company in a research note on Wednesday, May 15th. Finally, BidaskClub raised shares of Amdocs from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $71.40.

Shares of NASDAQ:DOX opened at $60.83 on Monday. The company has a market capitalization of $8.49 billion, a PE ratio of 16.26, a P/E/G ratio of 1.79 and a beta of 0.52. Amdocs has a twelve month low of $52.60 and a twelve month high of $70.31.

Hedge funds have recently added to or reduced their stakes in the stock. Lunia Capital LP acquired a new stake in shares of Amdocs during the fourth quarter valued at approximately $20,647,000. FMR LLC raised its holdings in shares of Amdocs by 12.1% during the first quarter. FMR LLC now owns 20,412,323 shares of the technology company’s stock valued at $1,104,510,000 after acquiring an additional 2,203,154 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Amdocs by 7.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,903,063 shares of the technology company’s stock valued at $404,382,000 after acquiring an additional 456,936 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Amdocs by 28.1% during the first quarter. Wells Fargo & Company MN now owns 5,951,683 shares of the technology company’s stock valued at $322,045,000 after acquiring an additional 1,303,903 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of Amdocs by 3.7% during the fourth quarter. BlackRock Inc. now owns 4,031,466 shares of the technology company’s stock valued at $236,162,000 after acquiring an additional 142,470 shares during the period. 93.02% of the stock is owned by institutional investors and hedge funds.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 28th will be paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, June 27th. Amdocs’s dividend payout ratio is presently 30.48%.

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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Earnings History and Estimates for Amdocs (NASDAQ:DOX)

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