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.
ILLEGAL ACTIVITY NOTICE: This report was first posted by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2019/05/14/amdocs-dox-updates-fy19-earnings-guidance.html.
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.
Receive News & Ratings for Amdocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amdocs and related companies with MarketBeat.com's FREE daily email newsletter.