AudioCodes (AUDC) Set to Announce Earnings on Tuesday

AudioCodes (NASDAQ:AUDC) is set to announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

AudioCodes (NASDAQ:AUDC) last released its quarterly earnings data on Tuesday, February 6th. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. AudioCodes had a net margin of 3.59% and a return on equity of 7.35%. The firm had revenue of $63.56 million for the quarter, compared to analysts’ expectations of $64.18 million. On average, analysts expect AudioCodes to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

AudioCodes Stock Performance

Shares of NASDAQ:AUDC opened at $11.10 on Tuesday. The firm has a market cap of $336.55 million, a price-to-earnings ratio of 39.64, a P/E/G ratio of 0.66 and a beta of 0.80. The firm has a fifty day moving average price of $12.51 and a 200 day moving average price of $11.62. AudioCodes has a fifty-two week low of $7.14 and a fifty-two week high of $14.45.

AudioCodes Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Wednesday, March 6th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.18 per share. This represents a yield of 2.6%. The ex-dividend date was Friday, February 16th. AudioCodes’s dividend payout ratio is presently 128.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AUDC shares. Needham & Company LLC upped their price target on shares of AudioCodes from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. StockNews.com raised shares of AudioCodes from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Finally, Barclays boosted their price objective on AudioCodes from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 7th.

AudioCodes Company Profile

AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace worldwide. The company offers solutions, products, and services for unified communications, contact centers, hosted business services, Voice.AI, and service provider businesses. Its products include session border controllers, life cycle management solutions, VoIP network routing solutions, media gateways and servers, multi-service business routers, IP phones solutions, and value-added applications, as well as professional services.