Amdocs (NASDAQ:DOX) Releases Quarterly Earnings Results, Hits Estimates

Key Points

• Amdocs met quarterly estimates, reporting earnings of $1.98 per share and revenue of $1.19 billion, both in line with analysts’ expectations.
• The stock fell 1.7% to $62.43 on Tuesday.
• Amdocs paid a quarterly dividend of $0.569 per share, equal to a 3.6% annualized yield; analysts’ consensus rating is “Hold,” with a target price of $86.67.

Amdocs (NASDAQ:DOX - Get Free Report) issued its quarterly earnings data on Tuesday. The technology company reported $1.98 earnings per share for the quarter, meeting analysts' consensus estimates of $1.98, FiscalAI reports. Amdocs had a return on equity of 20.28% and a net margin of 9.75%. The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion.

Amdocs Trading Down 1.7%

NASDAQ DOX traded down $1.11 on Tuesday, reaching $62.43. The company had a trading volume of 1,403,483 shares, compared to its average volume of 1,221,745. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 0.99 and a beta of 0.42. Amdocs has a 52 week low of $49.74 and a 52 week high of $85.63. The stock's 50 day moving average is $60.64 and its 200-day moving average is $62.69. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.23.

Amdocs Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.5690 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.28 annualized dividend and a yield of 3.6%. Amdocs's dividend payout ratio is currently 54.05%.

Wall Street Analysts Forecast Growth

DOX has been the topic of several analyst reports. Weiss Ratings upgraded Amdocs from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, October 23rd. Wall Street Zen raised shares of Amdocs from a "hold" rating to a "buy" rating in a report on Saturday, August 29th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $86.67.

About Amdocs

Amdocs Ltd. 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, billing, subscriptions, product offerings and digital experiences across consumer and enterprise markets.

The company's portfolio includes business support systems and operational support systems, cloud-based software, artificial intelligence and automation tools, network and service management platforms, and solutions for media distribution and monetization.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.