Equities research analysts expect that Glu Mobile Inc. (NASDAQ:GLUU) will report $0.07 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Glu Mobile’s earnings, with the highest EPS estimate coming in at $0.08 and the lowest estimate coming in at $0.06. Glu Mobile reported earnings of ($0.09) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 177.8%. The firm is expected to announce its next earnings report on Wednesday, November 7th.

On average, analysts expect that Glu Mobile will report full year earnings of $0.25 per share for the current fiscal year, with EPS estimates ranging from $0.22 to $0.27. For the next year, analysts anticipate that the firm will post earnings of $0.34 per share, with EPS estimates ranging from $0.29 to $0.43. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Glu Mobile.

Glu Mobile (NASDAQ:GLUU) last issued its quarterly earnings data on Tuesday, July 31st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.08). The company had revenue of $90.20 million for the quarter, compared to analyst estimates of $91.56 million. Glu Mobile had a negative return on equity of 26.30% and a negative net margin of 18.88%. The company’s revenue was up 31.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.17) earnings per share.

Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Glu Mobile from a “buy” rating to a “strong-buy” rating in a research report on Friday. Zacks Investment Research downgraded shares of Glu Mobile from a “buy” rating to a “hold” rating in a research report on Saturday, June 30th. Piper Jaffray Companies assumed coverage on shares of Glu Mobile in a research report on Friday, June 15th. They set an “overweight” rating and a $7.50 price objective for the company. Wedbush set a $7.00 price objective on shares of Glu Mobile and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Finally, Stifel Nicolaus raised their price objective on shares of Glu Mobile from $5.50 to $6.50 and gave the stock a “buy” rating in a research report on Tuesday, June 5th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $6.14.

GLUU stock traded up $0.09 during mid-day trading on Friday, hitting $7.56. 27,172 shares of the company were exchanged, compared to its average volume of 2,242,862. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.06 billion, a PE ratio of -14.86, a price-to-earnings-growth ratio of 6.22 and a beta of 1.19. Glu Mobile has a 1-year low of $3.02 and a 1-year high of $7.80.

In other news, VP Scott Leichtner sold 105,000 shares of Glu Mobile stock in a transaction that occurred on Wednesday, July 11th. The shares were sold at an average price of $6.20, for a total value of $651,000.00. Following the completion of the sale, the vice president now directly owns 268,338 shares in the company, valued at $1,663,695.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Eric R. Ludwig sold 142,500 shares of Glu Mobile stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $6.45, for a total transaction of $919,125.00. Following the completion of the sale, the chief operating officer now owns 199,500 shares of the company’s stock, valued at $1,286,775. The disclosure for this sale can be found here. Over the last quarter, insiders sold 485,000 shares of company stock valued at $3,231,825. 5.80% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of Glu Mobile by 34.0% in the second quarter. Bank of New York Mellon Corp now owns 650,254 shares of the company’s stock valued at $4,168,000 after buying an additional 165,118 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Glu Mobile in the second quarter valued at approximately $1,410,000. Metropolitan Life Insurance Co. NY raised its position in shares of Glu Mobile by 42.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 36,187 shares of the company’s stock valued at $232,000 after buying an additional 10,832 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Glu Mobile by 5.4% in the second quarter. Renaissance Technologies LLC now owns 1,049,600 shares of the company’s stock valued at $6,728,000 after buying an additional 54,000 shares in the last quarter. Finally, BlueMountain Capital Management LLC raised its position in shares of Glu Mobile by 11.4% in the second quarter. BlueMountain Capital Management LLC now owns 148,995 shares of the company’s stock valued at $955,000 after buying an additional 15,274 shares in the last quarter. Institutional investors own 54.17% 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 in four genres, including home d├ęcor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, including Contract Killer, Cooking Dash, Covet Fashion, Deer Hunter, Design Home, and QuizUp.

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Earnings History and Estimates for Glu Mobile (NASDAQ:GLUU)

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