Gamma Communications (LON:GAMA) Posts Earnings Results

Gamma Communications (LON:GAMA) announced its earnings results on Tuesday. The company reported GBX 85.10 ($1.10) earnings per share (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 Trading Down 1.9 %

Shares of LON GAMA traded down GBX 24 ($0.31) during midday trading on Thursday, reaching GBX 1,252 ($16.12). The company had a trading volume of 1,406,088 shares, compared to its average volume of 435,525. The stock has a market cap of £1.20 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. Gamma Communications has a one year low of GBX 1,192.95 ($15.36) and a one year high of GBX 1,917.60 ($24.69). 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. The company has a quick ratio of 2.45, a current ratio of 2.78 and a debt-to-equity ratio of 2.08.

Gamma Communications Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Shore Capital reaffirmed a “buy” rating on shares of Gamma Communications in a research note 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 research note 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.