Amdocs (NASDAQ:DOX) Posts Quarterly Earnings Results

Amdocs (NASDAQ:DOX – Get Free Report) announced its quarterly earnings results on Thursday, August 6th. The technology company reported $1.84 EPS for the quarter, meeting analysts’ consensus estimates of $1.84, Briefing.com reports. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Amdocs had a net margin of 9.75% and a return on equity of 20.28%. Amdocs’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.72 EPS.

Amdocs Trading Up 0.3%

Shares of NASDAQ DOX traded up $0.15 during mid-day trading on Friday, hitting $58.00. The stock had a trading volume of 159,940 shares, compared to its average volume of 1,253,527. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 0.94. Amdocs has a 1 year low of $49.74 and a 1 year high of $85.63. The business has a 50 day moving average price of $58.62 and a two-hundred day moving average price of $60.04. The firm has a market cap of $6.26 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 1.02 and a beta of 0.42.

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Amdocs Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be issued a $0.5690 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.28 annualized dividend and a dividend yield of 3.9%. Amdocs’s dividend payout ratio (DPR) is currently 54.29%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DOX. Wall Street Zen raised shares of Amdocs from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amdocs in a report on Wednesday, August 5th. Finally, KeyCorp assumed coverage on Amdocs in a research report on Monday, June 29th. They issued a “sector weight” rating on the stock. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $86.67.

Check Out Our Latest Analysis on Amdocs

About Amdocs

(Get Free Report)

Amdocs Limited (NASDAQ: DOX) is a global provider of software and technology services for communications, media and entertainment companies. Its solutions help service providers manage customer relationships, product offerings, billing, ordering, network operations and digital experiences.

The company offers cloud-based and software-as-a-service platforms spanning business and operational support systems, customer experience management, monetization, network automation, data and artificial intelligence.

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