Gamma Communications (LON:GAMA) Releases Earnings Results

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

Gamma Communications Stock Performance

Gamma Communications stock traded down GBX 16 ($0.21) during trading hours on Thursday, hitting GBX 1,260 ($16.22). The company had a trading volume of 6,924,948 shares, compared to its average volume of 525,998. The firm has a 50-day moving average of GBX 1,318.07 and a 200 day moving average of GBX 1,499.64. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.78 and a quick ratio of 2.45. The firm has a market cap of £1.20 billion, a PE ratio of 21.49, a PEG 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).

Gamma Communications Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 19th. Investors 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. The ex-dividend date is Thursday, May 29th. This represents a dividend yield of 1.03%. Gamma Communications’s payout ratio is presently 30.70%.

Analysts Set New Price Targets

GAMA has been the subject of a number of research analyst reports. Shore Capital reiterated a “buy” rating on shares of Gamma Communications in a report on Tuesday. Berenberg Bank reiterated a “buy” rating and set a GBX 1,900 ($24.46) target price on shares of Gamma Communications in a research note 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.