Brokerages forecast that Amdocs Limited (NASDAQ:DOX – Get Rating) will report $1.24 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Amdocs’ earnings, with estimates ranging from $1.23 to $1.25. Amdocs posted earnings per share of $1.13 in the same quarter last year, which would suggest a positive year over year growth rate of 9.7%. The business is expected to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Amdocs will report full-year earnings of $5.19 per share for the current year, with EPS estimates ranging from $5.15 to $5.21. For the next year, analysts expect that the company will report earnings of $5.76 per share, with EPS estimates ranging from $5.65 to $5.96. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Amdocs.
Amdocs (NASDAQ:DOX – Get Rating) last posted its quarterly earnings results on Tuesday, February 1st. The technology company reported $1.07 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.02). The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Amdocs had a return on equity of 15.64% and a net margin of 12.13%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.06 earnings per share.
Large investors have recently modified their holdings of the company. Morgan Stanley lifted its position in Amdocs by 2.8% during the third quarter. Morgan Stanley now owns 452,640 shares of the technology company’s stock worth $34,269,000 after buying an additional 12,295 shares in the last quarter. Voloridge Investment Management LLC raised its position in Amdocs by 34.3% in the third quarter. Voloridge Investment Management LLC now owns 169,724 shares of the technology company’s stock valued at $12,850,000 after purchasing an additional 43,379 shares during the period. GW Henssler & Associates Ltd. acquired a new stake in shares of Amdocs in the fourth quarter valued at $479,000. Richard Bernstein Advisors LLC grew its stake in shares of Amdocs by 6.6% in the third quarter. Richard Bernstein Advisors LLC now owns 38,211 shares of the technology company’s stock valued at $2,892,000 after buying an additional 2,351 shares in the last quarter. Finally, Distillate Capital Partners LLC acquired a new stake in shares of Amdocs in the third quarter valued at $2,731,000. 92.99% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:DOX opened at $82.72 on Thursday. The stock’s fifty day moving average is $80.71 and its 200 day moving average is $77.15. The firm has a market capitalization of $10.85 billion, a PE ratio of 20.22, a PEG ratio of 1.76 and a beta of 0.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.50 and a current ratio of 1.50. Amdocs has a fifty-two week low of $68.33 and a fifty-two week high of $83.97.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Thursday, March 31st will be issued a $0.395 dividend. This is a positive change from Amdocs’s previous quarterly dividend of $0.36. This represents a $1.58 annualized dividend and a yield of 1.91%. The ex-dividend date is Wednesday, March 30th. Amdocs’s dividend payout ratio (DPR) is presently 38.63%.
About Amdocs (Get Rating)
Amdocs Limited, through its subsidiaries, provides software and services worldwide. The company designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. It provides CES21, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; the Commerce and Care suite for order capture, handling, and customer engagement; the Monetization suite for charging, billing, policy, and revenue management; Intelligent Networking suite with a set of modular, flexible, and open service lifecycle management capabilities for network automation journeys; MarketONE, a cloud-native business ecosystem; Digital Brands Suite, a pre-integrated digital business suite for digital telecom brands and small-scale service providers; and eSIM Cloud for service providers.
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