Amdocs (NASDAQ:DOX) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $4.15-4.31 for the period, compared to the Thomson Reuters consensus estimate of $4.03. The company issued revenue guidance of $4.015-4.174 billion, compared to the consensus revenue estimate of $3.95 billion.Amdocs also updated its Q1 guidance to $0.95-$1.01 EPS.
A number of equities analysts have issued reports on the company. BidaskClub upgraded Amdocs from a hold rating to a buy rating in a report on Tuesday, October 23rd. Robert W. Baird restated a hold rating and set a $72.00 target price on shares of Amdocs in a report on Thursday, August 2nd. Citigroup reduced their target price on Amdocs from $79.00 to $77.00 and set a buy rating on the stock in a report on Thursday, August 2nd. Barclays set a $73.00 target price on Amdocs and gave the stock a hold rating in a report on Wednesday, August 1st. Finally, Zacks Investment Research cut Amdocs from a hold rating to a sell rating in a report on Monday, August 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $72.60.
Shares of 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 stock has a market cap of $9.23 billion, a price-to-earnings ratio of 17.86, a P/E/G ratio of 1.87 and a beta of 0.52.
Amdocs (NASDAQ:DOX) last issued its earnings results on Thursday, November 8th. The technology company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.02). The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $1 billion. Amdocs had a return on equity of 15.00% and a net margin of 10.56%. Amdocs’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.94 EPS. On average, sell-side analysts expect that Amdocs will post 4.05 EPS for the current year.
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.
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