Gamma Communications (LON:GAMA) Issues Earnings Results

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

Gamma Communications Trading Down 1.1 %

Shares of LON:GAMA opened at GBX 1,262 ($16.25) on Thursday. 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 company’s 50-day moving average price is GBX 1,318.07 and its 200 day moving average price is GBX 1,499.64. The company has a market cap of £1.21 billion, a PE ratio of 21.52, a P/E/G ratio of 2.79 and a beta of 0.82. Gamma Communications has a fifty-two week low of GBX 1,192.95 ($15.36) and a fifty-two week high of GBX 1,917.60 ($24.69).

Gamma Communications Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Shore Capital reaffirmed a “buy” rating on shares of Gamma Communications in a research report on Tuesday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,900 ($24.46) target price 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.