Gamma Communications (LON:GAMA) Releases Earnings Results

Key Points

• Gamma Communications reported a quarterly earnings per share (EPS) of GBX 48, with a net margin of 10.29% and a return on equity of 16.09%.
• Shares of Gamma Communications opened at GBX 1,048, with a 1-year range from GBX 1,028 to GBX 1,917.60.
• Shore Capital reduced the target price for Gamma Communications from GBX 1,830 to GBX 1,500, while analysts maintain a consensus rating of "Buy" with a target price of GBX 1,933.33.

Gamma Communications (LON:GAMA - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported GBX 48 EPS for the quarter, Digital Look Earnings reports. Gamma Communications had a return on equity of 16.09% and a net margin of 10.29%.

Gamma Communications Trading Up 0.6%

Shares of GAMA traded up GBX 6 during mid-day trading on Friday, reaching GBX 992. The stock had a trading volume of 366,469 shares, compared to its average volume of 634,007. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.78 and a quick ratio of 2.45. Gamma Communications has a 52-week low of GBX 981 and a 52-week high of GBX 1,917.60. The business's fifty day moving average is GBX 1,077.79 and its 200 day moving average is GBX 1,176.27. The firm has a market cap of £914.23 million, a price-to-earnings ratio of 1,377.78, a P/E/G ratio of 2.79 and a beta of 0.82.

Analysts Set New Price Targets

Several research firms recently commented on GAMA. Berenberg Bank reissued a "buy" rating and issued a GBX 1,570 price objective on shares of Gamma Communications in a research note on Tuesday, September 9th. Shore Capital reissued a "buy" rating and issued a GBX 1,500 price objective on shares of Gamma Communications in a research note on Tuesday, September 9th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of GBX 1,790.

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.