Equities analysts forecast that Amdocs Limited (NASDAQ:DOX) will announce earnings per share (EPS) of $0.98 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Amdocs’ earnings, with estimates ranging from $0.98 to $0.99. Amdocs reported earnings of $0.94 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.3%. The firm is scheduled to announce its next earnings report after the market closes on Thursday, November 8th.
According to Zacks, analysts expect that Amdocs will report full year earnings of $4.03 per share for the current year, with EPS estimates ranging from $4.01 to $4.03. For the next year, analysts forecast that the firm will report earnings of $4.31 per share, with EPS estimates ranging from $4.25 to $4.37. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Amdocs.
Amdocs (NASDAQ:DOX) last issued its quarterly earnings data on Tuesday, July 31st. The technology company reported $0.97 EPS for the quarter, hitting analysts’ consensus estimates of $0.97. 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 analysts’ expectations of $1.01 billion.
Shares of NASDAQ:DOX traded up $0.13 on Friday, reaching $63.43. The company’s stock had a trading volume of 418,500 shares, compared to its average volume of 689,950. Amdocs has a 52-week low of $60.50 and a 52-week high of $71.72. The stock has a market capitalization of $9.06 billion, a P/E ratio of 17.87, a PEG ratio of 1.84 and a beta of 0.52.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, September 28th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.00 dividend on an annualized basis and a yield of 1.58%. Amdocs’s payout ratio is 28.17%.
A number of institutional investors and hedge funds have recently made changes to their positions in DOX. Standard Life Aberdeen plc lifted its holdings in Amdocs by 17.3% during the 2nd quarter. Standard Life Aberdeen plc now owns 2,894,247 shares of the technology company’s stock valued at $191,600,000 after buying an additional 427,752 shares in the last quarter. Cooke & Bieler LP increased its position in Amdocs by 31.9% during the 2nd quarter. Cooke & Bieler LP now owns 1,206,876 shares of the technology company’s stock valued at $79,883,000 after purchasing an additional 292,143 shares during the period. Marshall Wace LLP purchased a new position in Amdocs during the 2nd quarter valued at about $17,597,000. Eagle Asset Management Inc. increased its position in Amdocs by 620.8% during the 2nd quarter. Eagle Asset Management Inc. now owns 269,165 shares of the technology company’s stock valued at $17,816,000 after purchasing an additional 231,822 shares during the period. Finally, Glenmede Trust Co. NA increased its position in Amdocs by 31.1% during the 2nd quarter. Glenmede Trust Co. NA now owns 675,839 shares of the technology company’s stock valued at $44,734,000 after purchasing an additional 160,494 shares during the period. Institutional investors own 90.71% of the company’s stock.
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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