Research Analysts Set Expectations for Amdocs Limited’s FY2021 Earnings (DOX)

Amdocs Limited (NASDAQ:DOX) – Research analysts at Oppenheimer issued their FY2021 earnings per share (EPS) estimates for shares of Amdocs in a report released on Wednesday, May 15th. Oppenheimer analyst S. Eyal forecasts that the technology company will earn $4.60 per share for the year.

Amdocs (NASDAQ:DOX) last posted its quarterly earnings data on Tuesday, May 14th. The technology company reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.03. Amdocs had a return on equity of 15.16% and a net margin of 8.96%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned $0.95 EPS. Amdocs’s quarterly revenue was up 2.8% on a year-over-year basis.

Several other equities research analysts have also commented on the company. ValuEngine upgraded Amdocs from a “sell” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. decreased their price objective on Amdocs from $70.00 to $67.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, BidaskClub upgraded Amdocs from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Amdocs presently has a consensus rating of “Hold” and an average target price of $72.60.

NASDAQ:DOX opened at $60.88 on Friday. Amdocs has a 12 month low of $52.60 and a 12 month high of $70.31. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 1.81 and a beta of 0.52.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 28th will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Thursday, June 27th. Amdocs’s dividend payout ratio is presently 30.48%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morgan Dempsey Capital Management LLC acquired a new position in Amdocs during the fourth quarter worth $25,000. Riverview Trust Co acquired a new position in Amdocs during the fourth quarter worth $27,000. Cutler Group LP acquired a new position in Amdocs during the fourth quarter worth $55,000. Oppenheimer Asset Management Inc. acquired a new position in Amdocs during the fourth quarter worth $58,000. Finally, Meeder Asset Management Inc. lifted its stake in Amdocs by 47.8% during the first quarter. Meeder Asset Management Inc. now owns 1,057 shares of the technology company’s stock worth $57,000 after purchasing an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 93.02% of the company’s stock.

Amdocs Company Profile

Amdocs Limited, through its subsidiaries, provides software and services to the communications, pay TV, entertainment, and media industry service providers worldwide. The company offers amdocsONE a line of services designed for various stages of a service provider's lifecycle, including planning, delivery, implementation, and ongoing support, as well as consumer experience and monetization, media and digital, enterprise and connected society, service-driven network, and services and agile operation solutions.

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