Gamma Communications (LON:GAMA) Issues Earnings Results

Gamma Communications (LON:GAMA) posted its quarterly 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 return on equity of 16.09% and a net margin of 10.29%.

Gamma Communications Stock Down 1.9 %

Shares of LON:GAMA traded down GBX 24 ($0.31) during trading hours on Thursday, hitting GBX 1,252 ($16.12). The company’s stock had a trading volume of 1,322,188 shares, compared to its average volume of 434,149. The firm’s fifty day moving average price is GBX 1,318.07 and its 200 day moving average price is GBX 1,499.64. Gamma Communications has a 52 week low of GBX 1,192.95 ($15.36) and a 52 week high of GBX 1,917.60 ($24.69). The company has a market capitalization of £1.20 billion, a price-to-earnings ratio of 21.35, a P/E/G ratio of 2.79 and a beta of 0.82. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.78 and a quick ratio of 2.45.

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 issued a dividend of GBX 13 ($0.17) per share. This is an increase from Gamma Communications’s previous dividend of $6.50. This represents a yield of 1.03%. The ex-dividend date of this dividend is Thursday, May 29th. Gamma Communications’s dividend payout ratio (DPR) is presently 30.70%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Shore Capital reiterated a “buy” rating on shares of Gamma Communications in a report on Tuesday. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,900 ($24.46) target price on shares of Gamma Communications in a report on Tuesday, January 14th.

About Gamma Communications

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.