Equities analysts forecast that AudioCodes Ltd. (NASDAQ:AUDC) will announce $0.05 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for AudioCodes’ earnings. AudioCodes posted earnings of $0.04 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 25%. The business is scheduled to report its next quarterly earnings results on Tuesday, July 25th.
On average, analysts expect that AudioCodes will report full year earnings of $0.23 per share for the current fiscal year, with EPS estimates ranging from $0.22 to $0.24. For the next fiscal year, analysts forecast that the business will report earnings of $0.30 per share, with EPS estimates ranging from $0.28 to $0.31. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover AudioCodes.
AudioCodes (NASDAQ:AUDC) last released its quarterly earnings results on Wednesday, April 26th. The communications equipment provider reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. AudioCodes had a net margin of 11.98% and a return on equity of 7.48%. The firm had revenue of $37.40 million during the quarter, compared to analyst estimates of $36.78 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year.
Several research analysts recently weighed in on the company. Zacks Investment Research cut AudioCodes from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. TheStreet cut AudioCodes from a “b-” rating to a “c+” rating in a research report on Wednesday, June 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $7.63.
A number of hedge funds and other institutional investors have recently made changes to their positions in AUDC. O Shaughnessy Asset Management LLC boosted its position in shares of AudioCodes by 48.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 28,306 shares of the communications equipment provider’s stock valued at $198,000 after buying an additional 9,201 shares in the last quarter. Eagle Global Advisors LLC boosted its position in shares of AudioCodes by 21.1% in the first quarter. Eagle Global Advisors LLC now owns 86,000 shares of the communications equipment provider’s stock valued at $603,000 after buying an additional 15,000 shares in the last quarter. Trexquant Investment LP bought a new position in shares of AudioCodes during the fourth quarter valued at $130,000. First Trust Advisors LP boosted its position in shares of AudioCodes by 113.8% in the first quarter. First Trust Advisors LP now owns 40,963 shares of the communications equipment provider’s stock valued at $287,000 after buying an additional 21,807 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of AudioCodes during the first quarter valued at $202,000. Institutional investors own 28.73% of the company’s stock.
AudioCodes (NASDAQ AUDC) traded up 2.84% during midday trading on Thursday, hitting $6.16. 39,158 shares of the stock traded hands. The company has a 50-day moving average of $6.45 and a 200-day moving average of $6.57. AudioCodes has a 12 month low of $4.05 and a 12 month high of $7.26. The stock has a market cap of $197.03 million, a PE ratio of 12.01 and a beta of 0.54.
AudioCodes Company Profile
AudioCodes Ltd. designs, develops and sells Voice over-Internet Protocol (VoIP) and converged VoIP, and data networking solutions, products and applications that facilitate Unified Communications (UC) and Contact Center (CC) services. The Company categorizes its products and services into two main business lines: network and technology.
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