Amdocs (DOX) Scheduled to Post Quarterly Earnings on Wednesday

Amdocs (NASDAQ:DOX) will be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect Amdocs to post earnings of $1.43 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.40 by $0.16. Amdocs had a return on equity of 17.79% and a net margin of 11.30%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the business posted $1.33 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts expect Amdocs to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Amdocs Stock Up 0.3 %

Shares of DOX stock opened at $83.90 on Monday. The stock’s fifty day moving average price is $88.95 and its 200 day moving average price is $87.47. Amdocs has a 1-year low of $78.38 and a 1-year high of $99.75. The company has a market cap of $9.86 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.36 and a beta of 0.70. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.29 and a quick ratio of 1.29.

Amdocs Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, March 29th were paid a dividend of $0.479 per share. This is a positive change from Amdocs’s previous quarterly dividend of $0.44. The ex-dividend date was Wednesday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.28%. Amdocs’s payout ratio is presently 41.11%.

Analyst Ratings Changes

Several analysts have weighed in on DOX shares. Citigroup boosted their target price on shares of Amdocs from $96.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Barclays upped their target price on Amdocs from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Finally, StockNews.com cut Amdocs from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 15th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Amdocs presently has a consensus rating of “Buy” and an average target price of $108.60.

Amdocs Company Profile

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 CES23, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; Amdocs Subscription Marketplace, a software-as-a-service-based platform that includes an expansive network of pre-integrated digital services, such as media, gaming, eLearning, sports, and retail to security and business services; 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; amAIz, a telco GenAI framework; Amdocs Digital Brands Suite, a pre-integrated digital business suite; and Amdocs eSIM Cloud for service providers.