Equities analysts predict that Amdocs Limited (NASDAQ:DOX) will announce sales of $980.64 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Amdocs’ earnings, with the lowest sales estimate coming in at $980.00 million and the highest estimate coming in at $982.00 million. Amdocs posted sales of $966.01 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.5%. The company is expected to announce its next quarterly earnings results on Tuesday, May 8th.

According to Zacks, analysts expect that Amdocs will report full year sales of $980.64 million for the current financial year, with estimates ranging from $3.94 billion to $3.99 billion. For the next financial year, analysts expect that the company will post sales of $4.09 billion per share, with estimates ranging from $4.06 billion to $4.12 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Amdocs.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Tuesday, January 30th. The technology company reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.17. The business had revenue of $977.70 million during the quarter, compared to the consensus estimate of $979.13 million. Amdocs had a return on equity of 15.13% and a net margin of 11.72%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 EPS.

A number of equities research analysts have issued reports on the company. Oppenheimer restated a “buy” rating and set a $77.00 price target on shares of Amdocs in a research note on Wednesday, January 31st. Stifel Nicolaus boosted their price target on Amdocs from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. BidaskClub upgraded Amdocs from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 18th. Zacks Investment Research upgraded Amdocs from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Finally, Robert W. Baird restated a “hold” rating and set a $66.00 price target on shares of Amdocs in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $70.71.

Several large investors have recently made changes to their positions in the stock. American International Group Inc. bought a new position in shares of Amdocs during the 4th quarter valued at approximately $199,000. Arrowstreet Capital Limited Partnership purchased a new position in Amdocs in the 4th quarter worth approximately $21,330,000. BlackRock Inc. lifted its holdings in Amdocs by 5.4% in the 4th quarter. BlackRock Inc. now owns 4,908,222 shares of the technology company’s stock worth $321,392,000 after purchasing an additional 250,644 shares in the last quarter. Schroder Investment Management Group lifted its holdings in Amdocs by 5.8% in the 4th quarter. Schroder Investment Management Group now owns 219,093 shares of the technology company’s stock worth $14,346,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Twin Tree Management LP lifted its holdings in Amdocs by 58.1% in the 4th quarter. Twin Tree Management LP now owns 18,509 shares of the technology company’s stock worth $1,212,000 after purchasing an additional 6,804 shares in the last quarter. Institutional investors own 91.98% of the company’s stock.

Amdocs (NASDAQ DOX) traded up $1.36 during trading on Tuesday, hitting $65.15. The company’s stock had a trading volume of 1,228,296 shares, compared to its average volume of 803,243. The company has a market cap of $9,325.65, a P/E ratio of 21.02, a P/E/G ratio of 2.21 and a beta of 0.52. Amdocs has a 1-year low of $58.89 and a 1-year high of $71.37.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Friday, March 30th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 28th. This is an increase from Amdocs’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.53%. Amdocs’s payout ratio is 28.39%.

Amdocs declared that its Board of Directors has initiated 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 purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

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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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