Frontier Developments (LON:FDEV) Issues Earnings Results

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

Frontier Developments Stock Up 14.6%

Shares of FDEV stock opened at GBX 511 on Wednesday. The company has a debt-to-equity ratio of 19.71, a quick ratio of 2.61 and a current ratio of 2.83. The stock’s 50 day simple moving average is GBX 431.21 and its 200 day simple moving average is GBX 402.27. The company has a market capitalization of £177.49 million, a price-to-earnings ratio of 10.26, a PEG ratio of 2.11 and a beta of 0.03. Frontier Developments has a twelve month low of GBX 302 and a twelve month high of GBX 588.56.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, insider Alex Bevis sold 5,084 shares of Frontier Developments stock in a transaction dated Tuesday, June 23rd. The shares were 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 company insiders.

Frontier Developments Company Profile

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.