Gaming Realms (LON:GMR) Posts Earnings Results

Key Points

• Gaming Realms reported a quarterly earnings per share (EPS) of GBX 0.90 with a return on equity of 25.57% and a net margin of 26.35%.
• Wall Street analysts have a strong outlook for Gaming Realms, with three analysts rating the stock as a "Buy" and an average target price of GBX 64.
• Insider Geoffrey Robert Green sold 200,000 shares at an average price of GBX 51, totaling £102,000, while insiders own 27.83% of the company’s stock.

Gaming Realms (LON:GMR - Get Free Report) posted its quarterly earnings results on Monday. The company reported GBX 0.90 earnings per share for the quarter, Digital Look Earnings reports. Gaming Realms had a net margin of 26.35% and a return on equity of 25.57%.

Gaming Realms Stock Down 0.6%

LON GMR traded down GBX 0.30 on Friday, hitting GBX 47.20. The stock had a trading volume of 4,294,106 shares, compared to its average volume of 875,881. The business's fifty day moving average price is GBX 51.31 and its 200 day moving average price is GBX 45.12. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.47 and a quick ratio of 1.23. Gaming Realms has a 52-week low of GBX 30.20 and a 52-week high of GBX 57.20. The stock has a market cap of £139.17 million, a price-to-earnings ratio of 1,644.60 and a beta of 1.42.

Insider Transactions at Gaming Realms

In other Gaming Realms news, insider Geoffrey Robert Green sold 200,000 shares of Gaming Realms stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of GBX 51, for a total value of £102,000. Corporate insiders own 27.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GMR. Peel Hunt boosted their price objective on shares of Gaming Realms from GBX 60 to GBX 75 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Canaccord Genuity Group boosted their price objective on shares of Gaming Realms from GBX 57 to GBX 67 and gave the stock a "buy" rating in a research note on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of GBX 71.

About Gaming Realms

Gaming Realms creates and licenses innovative games for mobile, with operations in the UK, U.S. and Canada. Through its unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. The Gaming Realms management team includes accomplished entrepreneurs and experienced executives from a wide range of leading gaming and media companies.