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.

A number of research analysts have recently issued reports on the stock. BidaskClub cut shares of Glu Mobile from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. Zacks Investment Research cut shares of Glu Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Wedbush reiterated a “hold” rating and set a $9.00 price objective on shares of Glu Mobile in a report on Wednesday, January 30th. Finally, Piper Jaffray Companies lifted their price objective on shares of Glu Mobile from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Tuesday, May 7th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $9.67.

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 d├ęcor, 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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Earnings History and Estimates for Glu Mobile (NASDAQ:GLUU)

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