Gamma Communications (LON:GAMA) Releases Earnings Results

Gamma Communications (LON:GAMA - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported GBX 85.10 ($1.10) earnings per share for the quarter, Digital Look Earnings reports. Gamma Communications had a return on equity of 16.09% and a net margin of 10.29%.

Gamma Communications Stock Down 2.5 %

Shares of LON:GAMA traded down GBX 32 ($0.41) during midday trading on Friday, reaching GBX 1,232 ($15.95). The company's stock had a trading volume of 479,391 shares, compared to its average volume of 448,976. The company has a quick ratio of 2.45, a current ratio of 2.78 and a debt-to-equity ratio of 2.08. The firm has a 50 day moving average of GBX 1,315.27 and a 200-day moving average of GBX 1,496.12. The firm has a market capitalization of £1.18 billion, a P/E ratio of 21.01, a PEG ratio of 2.79 and a beta of 0.82. Gamma Communications has a 12-month low of GBX 1,192.95 ($15.44) and a 12-month high of GBX 1,917.60 ($24.82).

Gamma Communications Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, May 29th will be given a dividend of GBX 13 ($0.17) per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a yield of 1.03%. This is a positive change from Gamma Communications's previous dividend of $6.50. Gamma Communications's dividend payout ratio (DPR) is currently 30.70%.

Analysts Set New Price Targets

GAMA has been the topic of a number of research reports. Shore Capital reaffirmed a "buy" rating on shares of Gamma Communications in a research note on Tuesday. Berenberg Bank restated a "buy" rating and issued a GBX 1,900 ($24.59) price objective on shares of Gamma Communications in a report on Tuesday, January 14th.

Gamma Communications Company Profile

Gamma Communications plc, together with its subsidiaries, engages in the provision of technology-based communications and software services for small, medium, and large sized to businesses in Western Europe. The company offers Unified Communications as a Service products for enabling businesses to raise productivity, boost agility, and increase collaboration; Contact Centre as a Service, through a software platform that allows contact centres to operate over the internet for SMEs and Enterprise; and Direct Routing and Operator Connect services, designed to enable seamless and integrated calling between Teams and the local telephony infrastructure.