Amdocs (NASDAQ:DOX) Releases Quarterly Earnings Results, Meets Expectations

Amdocs (NASDAQ:DOX) posted its quarterly earnings data on Tuesday. The technology company reported $1.98 earnings per share for the quarter, meeting the consensus estimate of $1.98, FiscalAI reports. Amdocs had a net margin of 9.75% and a return on equity of 20.28%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion.

Amdocs Trading Down 1.7%

NASDAQ DOX traded down $1.11 during mid-day trading on Tuesday, reaching $62.43. 1,403,483 shares of the stock were exchanged, compared to its average volume of 1,221,745. The stock has a market capitalization of $6.74 billion, a PE ratio of 14.86, a PEG ratio of 0.99 and a beta of 0.42. Amdocs has a 1-year low of $49.74 and a 1-year high of $85.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 0.94. The business’s fifty day simple moving average is $60.64 and its 200 day simple moving average is $62.69.

Amdocs Dividend Announcement

The business also recently announced 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. This represents a $2.28 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Wednesday, September 30th. Amdocs’s dividend payout ratio is 54.05%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wall Street Zen upgraded shares of Amdocs from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Weiss Ratings upgraded Amdocs from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $86.67.

Amdocs Company Profile

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.