Gamma Communications (LON:GAMA) Releases Earnings Results

Gamma Communications (LON:GAMA) announced 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

Shares of GAMA traded down GBX 16 ($0.21) during midday trading on Thursday, hitting GBX 1,260 ($16.22). 6,924,948 shares of the stock traded hands, compared to its average volume of 525,998. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.45 and a current ratio of 2.78. Gamma Communications has a 1-year low of GBX 1,192.95 ($15.36) and a 1-year high of GBX 1,917.60 ($24.69). The business’s 50 day moving average price is GBX 1,318.07 and its two-hundred day moving average price is GBX 1,499.64. The firm has a market capitalization of £1.20 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82.

Gamma Communications Increases Dividend

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

Wall Street Analyst Weigh In

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