Gamma Communications (LON:GAMA) Issues Quarterly Earnings Results

Gamma Communications (LON:GAMA) announced its quarterly earnings data on Tuesday. The company reported GBX 85.10 ($1.10) EPS 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 Stock Performance

GAMA traded down GBX 18 ($0.23) on Thursday, hitting GBX 1,258 ($16.20). 1,701,945 shares of the company traded hands, compared to its average volume of 440,375. Gamma Communications has a 12-month low of GBX 1,192.95 ($15.36) and a 12-month high of GBX 1,917.60 ($24.69). 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 has a 50 day moving average of GBX 1,318.07 and a 200-day moving average of GBX 1,499.64. The stock has a market capitalization of £1.20 billion, a PE ratio of 21.45, a PEG ratio of 2.79 and a beta of 0.82.

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 paid a GBX 13 ($0.17) dividend. The ex-dividend date is Thursday, May 29th. This represents a yield of 1.03%. This is a boost from Gamma Communications’s previous dividend of $6.50. Gamma Communications’s payout ratio is currently 30.70%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GAMA shares. Berenberg Bank restated a “buy” rating and issued a GBX 1,900 ($24.46) price target on shares of Gamma Communications in a research note on Tuesday, January 14th. Shore Capital restated a “buy” rating on shares of Gamma Communications in a research note on Tuesday.

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.