Amdocs (DOX) Releases Q1 2019 Earnings Guidance

Amdocs (NASDAQ:DOX) updated its first quarter 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.95-1.01 for the period, compared to the Thomson Reuters consensus estimate of $1.06. The company issued revenue guidance of $990M – 1.03 billion, compared to the consensus revenue estimate of $1.02 billion.Amdocs also updated its FY 2019 guidance to $4.15-4.31 EPS.

A number of equities research analysts have issued reports on the company. Zacks Investment Research cut Amdocs from a hold rating to a sell rating in a research report on Monday, August 6th. Citigroup decreased their target price on Amdocs from $79.00 to $77.00 and set a buy rating for the company in a research report on Thursday, August 2nd. BidaskClub cut Amdocs from a hold rating to a sell rating in a research report on Friday, July 27th. Barclays set a $73.00 target price on Amdocs and gave the stock a hold rating in a research report on Wednesday, August 1st. Finally, Robert W. Baird reissued a hold rating and issued a $72.00 price objective on shares of Amdocs in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $72.60.

DOX opened at $66.79 on Friday. Amdocs has a 1-year low of $60.50 and a 1-year high of $71.72. The company has a market capitalization of $9.23 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 1.87 and a beta of 0.52.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Thursday, November 8th. The technology company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.02). Amdocs had a net margin of 10.56% and a return on equity of 15.00%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the company posted $0.94 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Amdocs will post 4.05 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was originally reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://www.thelincolnianonline.com/2018/11/10/amdocs-dox-releases-q1-2019-earnings-guidance.html.

Amdocs Company Profile

Amdocs Limited, through its subsidiaries, provides software and services solutions to the communications, entertainment, pay TV, and media industry service providers worldwide. The company offers customer experience and monetization solutions that allow its customers to contextual and personalize interactions.

Featured Story: Google Finance Portfolio

Earnings History and Estimates for Amdocs (NASDAQ:DOX)

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.

Leave a Reply