Amdocs (NASDAQ:DOX) Announces Earnings Results

Amdocs (NASDAQ:DOX) released its earnings results on Wednesday. The technology company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.02, Briefing.com reports. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.25 billion. Amdocs had a return on equity of 17.85% and a net margin of 10.62%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the business posted $1.41 earnings per share.

Amdocs Price Performance

NASDAQ:DOX traded down $0.93 during trading hours on Friday, hitting $83.02. 776,806 shares of the company’s stock traded hands, compared to its average volume of 720,533. The firm has a market cap of $9.76 billion, a P/E ratio of 18.66, a P/E/G ratio of 1.52 and a beta of 0.73. Amdocs has a 52 week low of $74.41 and a 52 week high of $94.04. The business’s fifty day simple moving average is $80.28 and its two-hundred day simple moving average is $85.32. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.21.

Amdocs Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, September 30th will be paid a dividend of $0.479 per share. This represents a $1.92 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Monday, September 30th. Amdocs’s dividend payout ratio is 42.92%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DOX shares. Citigroup reduced their price target on Amdocs from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. StockNews.com upgraded Amdocs from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, Robert W. Baird reduced their price target on Amdocs from $97.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amdocs currently has an average rating of “Buy” and a consensus target price of $102.50.

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.