AudioCodes Ltd. (NASDAQ:AUDC) Declares $0.18 Semi-Annual Dividend

AudioCodes Ltd. (NASDAQ:AUDC) announced a Semi-Annual dividend on Tuesday, July 30th, Zacks reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.18 per share by the communications equipment provider on Thursday, August 29th. The ex-dividend date is Thursday, August 15th.

AudioCodes has increased its dividend payment by an average of 10.1% annually over the last three years. AudioCodes has a dividend payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AudioCodes to earn $0.85 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 42.4%.

AudioCodes Stock Up 1.9 %

Shares of AudioCodes stock traded up $0.21 on Wednesday, reaching $11.25. 8,823 shares of the stock were exchanged, compared to its average volume of 77,431. AudioCodes has a twelve month low of $7.14 and a twelve month high of $14.45. The firm has a market capitalization of $341.10 million, a price-to-earnings ratio of 30.67 and a beta of 0.88. The business has a 50 day moving average price of $10.39 and a two-hundred day moving average price of $11.52.

AudioCodes (NASDAQ:AUDC) last announced its quarterly earnings results on Tuesday, May 7th. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. AudioCodes had a return on equity of 9.66% and a net margin of 4.50%. The company had revenue of $60.08 million during the quarter, compared to the consensus estimate of $62.66 million. Research analysts forecast that AudioCodes will post 0.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AUDC shares. Barclays decreased their price target on AudioCodes from $12.00 to $10.00 and set an “underweight” rating for the company in a report on Wednesday, May 8th. Needham & Company LLC reissued a “buy” rating and issued a $14.00 price target on shares of AudioCodes in a report on Wednesday. Finally, StockNews.com raised AudioCodes from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 30th.

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.