Amdocs Limited (DOX) Set to Announce Quarterly Earnings on Wednesday
Amdocs Limited (NASDAQ:DOX) is scheduled to announce its earnings results after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of $0.96 per share for the quarter. Amdocs Limited has set its Q3 guidance at $0.93 – $0.99 EPS and its FY17 guidance at $3.73 – $3.87 EPS.
Amdocs Limited (NASDAQ:DOX) last released its quarterly earnings results on Tuesday, May 9th. The technology company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. Amdocs Limited had a return on equity of 14.46% and a net margin of 10.84%. The company had revenue of $966 million during the quarter, compared to analysts’ expectations of $960.58 million. During the same period in the previous year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts expect Amdocs Limited to post $3.79 EPS for the current fiscal year and $4.14 EPS for the next fiscal year.
Amdocs Limited (NASDAQ:DOX) opened at 66.32 on Wednesday. The stock has a 50 day moving average price of $64.91 and a 200-day moving average price of $62.07. Amdocs Limited has a 12-month low of $54.91 and a 12-month high of $66.48. The firm has a market capitalization of $9.71 billion, a PE ratio of 24.04 and a beta of 0.54.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a $0.22 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.88 annualized dividend and a dividend yield of 1.33%. Amdocs Limited’s dividend payout ratio (DPR) is presently 31.88%.
DOX has been the subject of several recent analyst reports. Zacks Investment Research raised Amdocs Limited from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Monday, May 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $68.00 target price on shares of Amdocs Limited in a research report on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $59.00 target price on shares of Amdocs Limited in a research report on Friday, June 16th. Robert W. Baird raised their target price on Amdocs Limited from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 10th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $68.00 target price on shares of Amdocs Limited in a research report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $66.50.
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Amdocs Limited Company Profile
Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers. The Company develops, implements and manages software and services associated with business support systems (BSS), operational support systems (OSS) and network operations to enable service providers to introduce new products and services, process orders, monetize data, support new business models and enhance their understanding of their customers.
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