Amdocs (DOX) Scheduled to Post Earnings on Wednesday

Amdocs (NASDAQ:DOX) will be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $1.43 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Amdocs (NASDAQ:DOX) last posted its earnings results on Tuesday, February 6th. The technology company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.16. The business 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%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 earnings per share. On average, analysts expect Amdocs to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Amdocs Stock Performance

NASDAQ DOX opened at $84.95 on Tuesday. The stock has a market cap of $9.99 billion, a P/E ratio of 18.19, a PEG ratio of 1.36 and a beta of 0.70. The company’s 50-day simple moving average is $88.82 and its 200 day simple moving average is $87.50. Amdocs has a twelve month low of $78.38 and a twelve month high of $99.75. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.21.

Wall Street Analyst Weigh In

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

Amdocs Company Profile

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.