Wall Street analysts predict that Glu Mobile Inc. (NASDAQ:GLUU) will report earnings of $0.08 per share for the current quarter, according to Zacks. Four analysts have made estimates for Glu Mobile’s earnings. The highest EPS estimate is $0.09 and the lowest is $0.07. Glu Mobile posted earnings per share of $0.05 in the same quarter last year, which indicates a positive year-over-year growth rate of 60%. The company is scheduled to issue its next quarterly earnings report on Monday, February 3rd.

On average, analysts expect that Glu Mobile will report full-year earnings of $0.26 per share for the current fiscal year, with EPS estimates ranging from $0.24 to $0.28. For the next fiscal year, analysts expect that the company will report earnings of $0.26 per share, with EPS estimates ranging from $0.23 to $0.28. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Glu Mobile.

Glu Mobile (NASDAQ:GLUU) last issued its earnings results on Wednesday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.13). Glu Mobile had a positive return on equity of 0.22% and a negative net margin of 0.82%. The business had revenue of $120.40 million for the quarter, compared to the consensus estimate of $111.00 million. The company’s revenue for the quarter was up 19.6% on a year-over-year basis.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Glu Mobile from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. ValuEngine upgraded shares of Glu Mobile from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Wedbush decreased their target price on shares of Glu Mobile from $8.00 to $7.50 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Stephens set a $8.00 target price on shares of Glu Mobile and gave the company a “buy” rating in a research note on Friday, September 6th. Finally, Benchmark raised shares of Glu Mobile to a “buy” rating and set a $8.00 price target on the stock in a report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $7.53.

Shares of GLUU stock opened at $5.92 on Friday. The company’s 50 day moving average is $5.67 and its 200 day moving average is $6.09. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.21. The firm has a market cap of $863.05 million, a price-to-earnings ratio of -74.00, a PEG ratio of 2.57 and a beta of 1.13. Glu Mobile has a 52-week low of $4.11 and a 52-week high of $11.75.

In other Glu Mobile news, CFO Eric R. Ludwig sold 20,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $5.75, for a total value of $115,000.00. Following the sale, the chief financial officer now directly owns 77,938 shares of the company’s stock, valued at $448,143.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Greg Brandeau sold 12,498 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $6.00, for a total value of $74,988.00. Following the sale, the director now directly owns 29,166 shares in the company, valued at $174,996. The disclosure for this sale can be found here. 6.84% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLUU. Creative Planning grew its holdings in Glu Mobile by 14.8% during the second quarter. Creative Planning now owns 11,650 shares of the company’s stock worth $84,000 after acquiring an additional 1,500 shares during the period. California State Teachers Retirement System boosted its position in Glu Mobile by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 180,489 shares of the company’s stock worth $901,000 after purchasing an additional 2,156 shares in the last quarter. Prospera Financial Services Inc grew its stake in shares of Glu Mobile by 8.8% during the 3rd quarter. Prospera Financial Services Inc now owns 33,147 shares of the company’s stock worth $165,000 after purchasing an additional 2,683 shares during the period. Cetera Investment Advisers grew its stake in shares of Glu Mobile by 4.1% during the 2nd quarter. Cetera Investment Advisers now owns 77,322 shares of the company’s stock worth $555,000 after purchasing an additional 3,072 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Glu Mobile by 2.2% during the 2nd quarter. Swiss National Bank now owns 213,300 shares of the company’s stock valued at $1,531,000 after purchasing an additional 4,500 shares in the last quarter. Institutional investors and hedge funds own 64.71% 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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