Amdocs (NASDAQ:DOX) updated its first quarter 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.95-1.01 for the period, compared to the Thomson Reuters consensus estimate of $1.06. The company issued revenue guidance of $990M – 1.03 billion, compared to the consensus revenue estimate of $1.02 billion.Amdocs also updated its FY 2019 guidance to $4.15-4.31 EPS.
A number of brokerages have recently weighed in on DOX. Zacks Investment Research downgraded Amdocs from a hold rating to a sell rating in a report on Monday, August 6th. Citigroup dropped their target price on Amdocs from $79.00 to $77.00 and set a buy rating on the stock in a report on Thursday, August 2nd. BidaskClub downgraded Amdocs from a hold rating to a sell rating in a report on Friday, July 27th. Barclays set a $73.00 target price on Amdocs and gave the company a hold rating in a report on Wednesday, August 1st. Finally, Robert W. Baird reiterated a hold rating and issued a $72.00 target price on shares of Amdocs in a report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $72.60.
Shares of NASDAQ DOX opened at $66.79 on Friday. The company has a market capitalization of $9.23 billion, a P/E ratio of 17.86, a PEG ratio of 1.87 and a beta of 0.52. Amdocs has a 52 week low of $60.50 and a 52 week high of $71.72.
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Amdocs Company Profile
Amdocs Limited, through its subsidiaries, provides software and services solutions to the communications, entertainment, pay TV, and media industry service providers worldwide. The company offers customer experience and monetization solutions that allow its customers to contextual and personalize interactions.
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