Amdocs (NASDAQ:DOX) Issues FY 2024 Earnings Guidance

Amdocs (NASDAQ:DOX) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 6.410-6.470 for the period, compared to the consensus earnings per share estimate of 6.440. The company issued revenue guidance of $5.0 billion-$5.0 billion, compared to the consensus revenue estimate of $5.0 billion. Amdocs also updated its Q4 2024 guidance to 1.670-1.730 EPS.

Analyst Ratings Changes

Several research firms have recently weighed in on DOX. Citigroup cut their target price on Amdocs from $105.00 to $100.00 and set a buy rating on the stock in a research report on Thursday, May 9th. Robert W. Baird reduced their price target on Amdocs from $97.00 to $90.00 and set a neutral rating on the stock in a report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Amdocs presently has a consensus rating of Moderate Buy and a consensus target price of $102.50.

Amdocs Stock Down 0.8 %

Shares of DOX stock traded down $0.69 during mid-day trading on Wednesday, hitting $81.67. The stock had a trading volume of 1,100,195 shares, compared to its average volume of 720,295. Amdocs has a 12-month low of $74.41 and a 12-month high of $94.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.32 and a quick ratio of 1.32. The firm’s 50-day moving average is $80.01 and its two-hundred day moving average is $85.43. The firm has a market capitalization of $9.60 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 1.52 and a beta of 0.73.

Amdocs (NASDAQ:DOX) last announced its earnings results on Wednesday, May 8th. The technology company reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.05). Amdocs had a return on equity of 17.85% and a net margin of 10.62%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.25 billion. On average, analysts predict that Amdocs will post 5.72 earnings per share for the current fiscal year.

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.