Amdocs Limited (DOX) Releases Quarterly Earnings, Beats Expectations By $0.02 EPS
Amdocs Limited (NYSE:DOX) announced its earnings results on Tuesday. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.79 by $0.02, Stock Ratings Network reports. The company had revenue of $902.50 million for the quarter, compared to the consensus estimate of $900.71 million. During the same quarter last year, the company posted $0.83 earnings per share. Amdocs Limited’s revenue was up 7.3% compared to the same quarter last year. Amdocs Limited updated its Q4 guidance to $0.75-0.81 EPS.
DOX has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. downgraded shares of Amdocs Limited from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 18th. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Amdocs Limited in a research note on Friday, May 16th. They now have a $49.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Amdocs Limited in a research note on Thursday, May 1st. They now have a $53.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $43.57.
Amdocs Limited (NYSE:DOX) traded down 1.85% during mid-day trading on Tuesday, hitting $47.23. 872,469 shares of the company’s stock traded hands. Amdocs Limited has a 52-week low of $36.39 and a 52-week high of $48.99. The stock’s 50-day moving average is $47.52 and its 200-day moving average is $45.95. The company has a market cap of $7.556 billion and a P/E ratio of 18.58.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 17th. Investors of record on Tuesday, September 30th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.31%.
Amdocs Limited is a provider of software and services for communications, media and entertainment industry service providers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.