Zacks: Analysts Anticipate Glu Mobile Inc. (GLUU) to Post $0.05 Earnings Per Share
Analysts expect that Glu Mobile Inc. (NASDAQ:GLUU) will announce $0.05 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Glu Mobile’s earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.06. The company is scheduled to report its next earnings report on Tuesday, July 30th.
On average, analysts expect that Glu Mobile will report full year earnings of $0.35 per share for the current financial year, with EPS estimates ranging from $0.33 to $0.37. For the next financial year, analysts anticipate that the company will post earnings of $0.49 per share, with EPS estimates ranging from $0.35 to $0.56. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Glu Mobile.
Glu Mobile (NASDAQ:GLUU) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $92.60 million during the quarter, compared to analysts’ expectations of $89.74 million. Glu Mobile had a negative net margin of 1.40% and a negative return on equity of 0.92%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned ($0.05) earnings per share.
Shares of NASDAQ GLUU opened at $8.63 on Wednesday. The stock has a market cap of $1.29 billion, a PE ratio of -107.88, a price-to-earnings-growth ratio of 3.14 and a beta of 0.73. Glu Mobile has a 1 year low of $5.08 and a 1 year high of $11.75. The company has a quick ratio of 1.32, a current ratio of 1.35 and a debt-to-equity ratio of 0.16.
In related news, insider Masi Niccolo De sold 90,714 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $10.75, for a total transaction of $975,175.50. Following the transaction, the insider now directly owns 770,065 shares in the company, valued at $8,278,198.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Hany Nada sold 50,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $9.18, for a total transaction of $459,000.00. Following the transaction, the director now owns 240,200 shares in the company, valued at $2,205,036. The disclosure for this sale can be found here. 6.84% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in GLUU. JPMorgan Chase & Co. boosted its holdings in Glu Mobile by 14,199.2% during the third quarter. JPMorgan Chase & Co. now owns 3,191,293 shares of the company’s stock worth $23,774,000 after purchasing an additional 3,168,975 shares during the last quarter. MetLife Investment Advisors LLC boosted its holdings in Glu Mobile by 56.4% during the third quarter. MetLife Investment Advisors LLC now owns 79,062 shares of the company’s stock worth $589,000 after purchasing an additional 28,497 shares during the last quarter. Morgan Stanley boosted its holdings in Glu Mobile by 25.4% during the third quarter. Morgan Stanley now owns 551,026 shares of the company’s stock worth $4,106,000 after purchasing an additional 111,766 shares during the last quarter. Vanguard Group Inc. raised its position in Glu Mobile by 9.9% in the third quarter. Vanguard Group Inc. now owns 10,792,797 shares of the company’s stock worth $80,407,000 after acquiring an additional 975,586 shares during the period. Finally, Vanguard Group Inc raised its position in Glu Mobile by 9.9% in the third quarter. Vanguard Group Inc now owns 10,792,797 shares of the company’s stock worth $80,407,000 after acquiring an additional 975,586 shares during the period. Institutional investors and hedge funds own 57.73% of the company’s stock.
About Glu Mobile
Glu Mobile Inc develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. The company publishes titles primarily in four genres, including home décor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, Blood & Glory, Contract Killer, Cooking Dash, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros, QuizUp, and Tap Sports.
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