Brokers Offer Predictions for Amdocs Limited’s FY2023 Earnings (NASDAQ:DOX)

Amdocs Limited (NASDAQ:DOXFree Report) – Investment analysts at Zacks Research decreased their FY2023 earnings per share (EPS) estimates for shares of Amdocs in a report issued on Tuesday, August 22nd. Zacks Research analyst A. Bhagat now expects that the technology company will post earnings per share of $5.31 for the year, down from their previous forecast of $5.34. The consensus estimate for Amdocs’ current full-year earnings is $5.33 per share. Zacks Research also issued estimates for Amdocs’ Q4 2023 earnings at $1.28 EPS, Q1 2024 earnings at $1.40 EPS, Q2 2024 earnings at $1.45 EPS, Q3 2024 earnings at $1.51 EPS, Q4 2024 earnings at $1.51 EPS, FY2024 earnings at $5.88 EPS, Q1 2025 earnings at $1.59 EPS, Q2 2025 earnings at $1.66 EPS, Q3 2025 earnings at $1.72 EPS and FY2025 earnings at $6.72 EPS.

Amdocs (NASDAQ:DOXGet Free Report) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.08. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Amdocs had a return on equity of 17.60% and a net margin of 11.80%.

Other research analysts have also recently issued research reports about the company. Bank of America increased their price objective on Amdocs from $100.00 to $110.00 in a research report on Friday, June 16th. 888 restated a “reiterates” rating on shares of Amdocs in a research report on Thursday, May 11th. assumed coverage on Amdocs in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. Oppenheimer raised their price target on Amdocs from $99.00 to $109.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Finally, Barclays upgraded Amdocs from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $100.00 to $115.00 in a research report on Tuesday, May 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Amdocs currently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

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Amdocs Stock Up 0.2 %

DOX stock opened at $87.34 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market capitalization of $10.55 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.49 and a beta of 0.65. The business’s fifty day moving average price is $93.50 and its two-hundred day moving average price is $93.54. Amdocs has a fifty-two week low of $78.02 and a fifty-two week high of $99.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DOX. VisionPoint Advisory Group LLC bought a new position in Amdocs in the second quarter valued at about $28,000. Tucker Asset Management LLC acquired a new stake in shares of Amdocs during the first quarter valued at about $34,000. Machina Capital S.A.S. acquired a new stake in shares of Amdocs during the first quarter valued at about $41,000. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Amdocs during the fourth quarter valued at about $47,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Amdocs by 106.4% during the second quarter. Exchange Traded Concepts LLC now owns 642 shares of the technology company’s stock valued at $63,000 after purchasing an additional 331 shares in the last quarter. Institutional investors own 93.42% of the company’s stock.

Amdocs Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be given a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, September 28th. Amdocs’s dividend payout ratio is presently 37.26%.

Amdocs Company Profile

(Get Free Report)

Amdocs Limited, through its subsidiaries, provides software and services worldwide. It designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. The company 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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Earnings History and Estimates for Amdocs (NASDAQ:DOX)

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