Amdocs (DOX) Issues Q1 Earnings Guidance

Amdocs (NASDAQ:DOX) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.95-$1.01 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.06. The company issued revenue guidance of $990-$1.03 billion, compared to the consensus revenue estimate of $1.02 billion.Amdocs also updated its FY 2019 guidance to $4.15-4.31 EPS.

A number of analysts recently issued reports on the company. BidaskClub downgraded Amdocs from a sell rating to a strong sell rating in a research report on Thursday, August 30th. Zacks Investment Research raised Amdocs from a sell rating to a hold rating in a research report on Monday, August 20th. Citigroup lowered their target price on Amdocs from $79.00 to $77.00 and set a buy rating on the stock in a research report on Thursday, August 2nd. Robert W. Baird reaffirmed a hold rating and issued a $72.00 target price on shares of Amdocs in a research report on Thursday, August 2nd. Finally, Barclays set a $73.00 target price on Amdocs and gave the company a hold rating in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $72.60.

Shares of NASDAQ:DOX traded down $0.03 during midday trading on Thursday, reaching $64.34. The company had a trading volume of 1,064,886 shares, compared to its average volume of 693,964. The company has a market cap of $9.20 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.87 and a beta of 0.52. Amdocs has a 1-year low of $60.50 and a 1-year high of $71.72.

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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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Earnings History and Estimates for Amdocs (NASDAQ:DOX)

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