Frontier Developments (LON:FDEV) Issues Earnings Results

Frontier Developments (LON:FDEV) released its quarterly earnings results on Wednesday. The company reported GBX 74.60 EPS for the quarter, Digital Look Earnings reports. Frontier Developments had a return on equity of 21.13% and a net margin of 19.43%.

Frontier Developments Stock Performance

Frontier Developments stock opened at GBX 531.25 on Wednesday. Frontier Developments has a fifty-two week low of GBX 302 and a fifty-two week high of GBX 588.56. The company has a market capitalization of £184.52 million, a price-to-earnings ratio of 10.67, a PEG ratio of 2.11 and a beta of 0.03. The stock has a fifty day moving average of GBX 431.21 and a two-hundred day moving average of GBX 402.27. The company has a debt-to-equity ratio of 19.71, a quick ratio of 2.61 and a current ratio of 2.83.

Analysts Set New Price Targets

A number of brokerages have recently commented on FDEV. Shore Capital Group raised shares of Frontier Developments to a “buy” rating and set a GBX 650 target price for the company in a report on Wednesday. Berenberg Bank restated a “buy” rating and set a GBX 600 target price on shares of Frontier Developments in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 618.75.

Insider Activity at Frontier Developments

In related news, insider Alex Bevis sold 5,084 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of GBX 404, for a total transaction of £20,539.36. 38.10% of the stock is currently owned by insiders.

About Frontier Developments

Frontier is a leading independent developer and publisher of video games for PC and console, creating immersive and fun gameplay, with unparalleled artistic quality.

At Frontier, we specialise in creating endless possibilities in playful, fun and creative worlds. From some of the world’s biggest licensed entertainment and sporting franchises, to intricately crafted worlds where players can explore and make their mark, our games are all underpinned by our unwavering passion for creating compelling and innovative experiences that continue to inspire and delight our players.

We have created games that have defined genres, been critically acclaimed, and reached many millions of players.