Amdocs (DOX) Set to Announce Quarterly Earnings on Tuesday

Amdocs (NASDAQ:DOX) is set to announce its earnings results after the market closes on Tuesday, January 30th. Analysts expect the company to announce earnings of $0.89 per share for the quarter. Amdocs has set its Q1 guidance at $0.94-1.00 EPS and its FY18 guidance at $3.95-$4.10 EPS.

Amdocs (NASDAQ:DOX) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.05. Amdocs had a return on equity of 14.77% and a net margin of 11.30%. The business had revenue of $979.70 million during the quarter, compared to analysts’ expectations of $977.72 million. During the same quarter in the previous year, the business earned $0.89 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts expect Amdocs to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of Amdocs (DOX) opened at $70.06 on Tuesday. Amdocs has a fifty-two week low of $56.10 and a fifty-two week high of $70.37. The stock has a market capitalization of $10,017.88, a PE ratio of 23.67, a PEG ratio of 2.39 and a beta of 0.52.

Amdocs announced that its Board of Directors has initiated a share buyback program on Wednesday, November 8th that permits the company to buyback $800.00 million in shares. This buyback authorization permits the technology company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Friday, December 29th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, December 28th. Amdocs’s payout ratio is currently 29.73%.

A number of brokerages have recently issued reports on DOX. BidaskClub upgraded Amdocs from a “strong sell” rating to a “sell” rating in a report on Thursday, January 18th. Zacks Investment Research upgraded Amdocs from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. Oppenheimer restated a “buy” rating and issued a $77.00 price target on shares of Amdocs in a report on Thursday, December 14th. Robert W. Baird restated a “hold” rating and issued a $66.00 price target on shares of Amdocs in a report on Friday, October 20th. Finally, Jefferies Group restated a “hold” rating and issued a $70.00 price target on shares of Amdocs in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $70.29.

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About Amdocs

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.

Earnings History for Amdocs (NASDAQ:DOX)

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