Glu Mobile (NASDAQ:GLUU) is scheduled to post its quarterly earnings results after the market closes on Thursday, August 1st. Analysts expect Glu Mobile to post earnings of $0.01 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Glu Mobile (NASDAQ:GLUU) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. Glu Mobile had a negative net margin of 1.40% and a negative return on equity of 0.92%. The business had revenue of $92.60 million during the quarter, compared to the consensus estimate of $89.74 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts expect Glu Mobile to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ:GLUU opened at $7.44 on Tuesday. Glu Mobile has a 12 month low of $5.08 and a 12 month high of $11.75. The business’s fifty day moving average is $7.28. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.12 billion, a P/E ratio of -93.00, a P/E/G ratio of 2.84 and a beta of 0.81.

In related news, Director Holdings Ltd Tencent sold 7,259,728 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $7.75, for a total transaction of $56,262,892.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Greg Brandeau sold 4,166 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $7.10, for a total transaction of $29,578.60. Following the transaction, the director now directly owns 41,664 shares of the company’s stock, valued at approximately $295,814.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,358,778 shares of company stock valued at $57,297,920. 6.84% of the stock is currently owned by corporate insiders.

Several research firms have recently commented on GLUU. Piper Jaffray Companies reiterated an “overweight” rating and set a $435.00 price objective on shares of Regeneron Pharmaceuticals in a research note on Tuesday, May 7th. Stephens set a $12.00 price objective on shares of Glu Mobile and gave the stock a “buy” rating in a research note on Thursday, June 6th. Zacks Investment Research downgraded shares of Phoenix New Media from a “hold” rating to a “sell” rating in a research note on Tuesday, July 23rd. Wedbush reiterated a “neutral” rating on shares of PennyMac Mortgage Investment Trust in a research note on Friday. Finally, ValuEngine upgraded shares of Vale from a “sell” rating to a “hold” rating in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Glu Mobile currently has a consensus rating of “Buy” and an average target price of $9.92.

Glu Mobile Company Profile

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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Earnings History for Glu Mobile (NASDAQ:GLUU)

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