Amdocs (NASDAQ:DOX) Releases Q3 2024 Earnings Guidance

Amdocs (NASDAQ:DOX) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.570-1.630 for the period, compared to the consensus EPS estimate of 1.670. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. Amdocs also updated its FY 2024 guidance to 6.320-6.560 EPS.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barclays upped their target price on Amdocs from $105.00 to $115.00 and gave the stock an overweight rating in a research note on Thursday, February 8th. Citigroup increased their price objective on Amdocs from $96.00 to $104.00 and gave the company a buy rating in a research report on Wednesday, January 17th. Finally, StockNews.com downgraded Amdocs from a strong-buy rating to a buy rating in a research report on Friday, March 15th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus target price of $108.60.

Amdocs Stock Up 1.0 %

Shares of DOX traded up $0.86 during mid-day trading on Wednesday, reaching $85.91. The company had a trading volume of 743,750 shares, compared to its average volume of 660,316. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $10.10 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 1.36 and a beta of 0.70. The firm has a 50-day moving average price of $88.69 and a 200 day moving average price of $87.53. Amdocs has a 52 week low of $78.38 and a 52 week high of $99.75.

Amdocs (NASDAQ:DOX) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.16. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Amdocs had a net margin of 11.30% and a return on equity of 17.79%. Amdocs’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 EPS. On average, sell-side analysts forecast that Amdocs will post 5.87 EPS for the current year.

About Amdocs

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.