Amdocs (DOX) Updates FY19 Earnings Guidance

Amdocs (NASDAQ:DOX) updated its FY19 earnings guidance on Tuesday. 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.

A number of research analysts recently commented on DOX shares. ValuEngine upgraded shares of Amdocs from a sell rating to a hold rating in a research note on Wednesday. BidaskClub upgraded shares of Amdocs from a strong sell rating to a sell rating in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Amdocs from $70.00 to $67.00 and set a neutral rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $72.60.

Shares of DOX opened at $53.46 on Thursday. Amdocs has a 52 week low of $52.60 and a 52 week high of $70.31. The stock has a market capitalization of $7.44 billion, a P/E ratio of 14.29, a P/E/G ratio of 1.60 and a beta of 0.52.

Amdocs (NASDAQ:DOX) last announced its earnings results on Tuesday, May 14th. The technology company reported $1.06 earnings per share (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 firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business posted $0.95 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. Equities analysts forecast that Amdocs will post 3.92 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, June 28th will be given a dividend of $0.285 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.13%. Amdocs’s payout ratio is presently 30.48%.

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Amdocs Company Profile

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.

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