Frontier Developments (LON:FDEV) Posts Quarterly Earnings Results

Frontier Developments (LON:FDEV) released its quarterly earnings data 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

LON:FDEV traded up GBX 70 during trading hours on Wednesday, reaching GBX 516. 845,466 shares of the stock were exchanged, compared to its average volume of 167,452. Frontier Developments has a 52 week low of GBX 302 and a 52 week high of GBX 588.56. The stock has a market capitalization of £179.22 million, a P/E ratio of 10.36, a P/E/G ratio of 2.11 and a beta of 0.03. The firm has a 50 day simple moving average of GBX 431.21 and a 200-day simple moving average of GBX 402.27. The company has a quick ratio of 2.61, a current ratio of 2.83 and a debt-to-equity ratio of 19.71.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FDEV shares. Shore Capital Group raised shares of Frontier Developments to a “buy” rating and set a GBX 650 price objective for the company in a research report on Wednesday. Berenberg Bank restated a “buy” rating and set a GBX 600 target price on shares of Frontier Developments in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Frontier Developments currently has an average rating of “Buy” and a consensus price target 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 dated Tuesday, June 23rd. The stock was sold at an average price of GBX 404, for a total value of £20,539.36. Company insiders own 38.10% of the company’s stock.

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.