Amdocs (DOX) Updates FY19 Earnings Guidance

Amdocs (NASDAQ:DOX) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $4.21-4.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.22. The company issued revenue guidance of $4.05-4.13 billion, compared to the consensus revenue estimate of $4.08 billion.Amdocs also updated its FY 2019 guidance to $4.21-4.37 EPS.

Shares of Amdocs stock traded up $0.14 during trading hours on Tuesday, reaching $53.46. 612,885 shares of the company’s stock were exchanged, compared to its average volume of 1,085,868. Amdocs has a fifty-two week low of $52.60 and a fifty-two week high of $70.31. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 14.29, a P/E/G 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 EPS for the quarter, topping the Zacks’ 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 company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business posted $0.95 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Analysts expect that Amdocs will post 3.92 earnings per share for the current year.

DOX has been the subject of a number of recent research reports. BidaskClub downgraded shares of Amdocs from a hold rating to a sell rating in a research note on Thursday, March 14th. ValuEngine downgraded shares of Amdocs from a hold rating to a sell rating in a research note on Friday, February 15th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target 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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