Amdocs (DOX) Releases Q3 Earnings Guidance

Amdocs (NASDAQ:DOX) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.08-1.14 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.10. The company issued revenue guidance of $1.005-1.045 billion, compared to the consensus revenue estimate of $1.02 billion.Amdocs also updated its FY 2019 guidance to $4.21-4.37 EPS.

Shares of DOX traded up $0.14 during mid-day trading on Tuesday, hitting $53.46. 612,885 shares of the company traded hands, compared to its average volume of 1,085,868. Amdocs has a 1-year low of $52.60 and a 1-year high of $70.31. The company has a market cap of $7.46 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.62 and a beta of 0.52.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Tuesday, May 14th. The technology company reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.03. Amdocs had a net margin of 8.46% and a return on equity of 14.75%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, research analysts expect that Amdocs will post 3.92 EPS for the current fiscal year.

DOX has been the topic of several research reports. BidaskClub downgraded shares of Amdocs from a hold rating to a sell rating in a report on Thursday, March 14th. ValuEngine downgraded shares of Amdocs from a hold rating to a sell rating in a report on Friday, February 15th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $73.20.

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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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