$978.76 Million in Sales Expected for Amdocs Limited (DOX) This Quarter

Brokerages forecast that Amdocs Limited (NASDAQ:DOX) will report $978.76 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Amdocs’ earnings, with the highest sales estimate coming in at $980.06 million and the lowest estimate coming in at $974.75 million. Amdocs reported sales of $954.73 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.5%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, January 30th.

According to Zacks, analysts expect that Amdocs will report full year sales of $978.76 million for the current fiscal year, with estimates ranging from $3.95 billion to $3.98 billion. For the next fiscal year, analysts anticipate that the company will post sales of $4.11 billion per share, with estimates ranging from $4.08 billion to $4.14 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Amdocs.

Amdocs (NASDAQ:DOX) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.05. Amdocs had a net margin of 11.30% and a return on equity of 14.77%. The firm had revenue of $979.70 million during the quarter, compared to the consensus estimate of $977.72 million. During the same quarter in the previous year, the company posted $0.89 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis.

Several research analysts recently weighed in on DOX shares. Zacks Investment Research raised shares of Amdocs from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Friday, November 10th. BidaskClub downgraded shares of Amdocs from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 31st. Jefferies Group reissued a “hold” rating and issued a $70.00 target price on shares of Amdocs in a research note on Thursday, October 12th. Oppenheimer reissued a “buy” rating and issued a $77.00 target price on shares of Amdocs in a research note on Thursday, December 14th. Finally, Robert W. Baird reissued a “hold” rating and issued a $66.00 target price on shares of Amdocs in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $70.29.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BB&T Investment Services Inc. purchased a new stake in shares of Amdocs during the 2nd quarter worth about $118,000. Robecosam AG grew its holdings in shares of Amdocs by 37.8% during the 2nd quarter. Robecosam AG now owns 2,550 shares of the technology company’s stock worth $163,000 after purchasing an additional 700 shares during the period. CIBC World Markets Inc. purchased a new stake in shares of Amdocs during the 2nd quarter worth about $222,000. Prudential Financial Inc. purchased a new stake in shares of Amdocs during the 2nd quarter worth about $230,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Amdocs during the 2nd quarter worth about $279,000. 92.05% of the stock is owned by institutional investors.

Amdocs (DOX) opened at $69.61 on Friday. Amdocs has a one year low of $56.10 and a one year high of $69.61. The firm has a market cap of $9,902.74, a PE ratio of 23.52, a P/E/G ratio of 2.36 and a beta of 0.52.

Amdocs declared that its board has approved a share buyback plan on Wednesday, November 8th that authorizes the company to buyback $800.00 million in shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Friday, December 29th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, December 28th. Amdocs’s dividend payout ratio is currently 29.73%.

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About Amdocs

Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers. The Company develops, implements and manages software and services associated with business support systems (BSS), operational support systems (OSS) and network operations to enable service providers to introduce new products and services, process orders, monetize data, support new business models and enhance their understanding of their customers.

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Earnings History and Estimates for Amdocs (NASDAQ:DOX)

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