Frontier Developments (LON:FDEV) Issues Quarterly Earnings Results

Frontier Developments (LON:FDEV) issued its earnings results on Wednesday. The company reported GBX 74.60 earnings per share (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 Trading Up 4.1%

Shares of Frontier Developments stock opened at GBX 538.16 on Thursday. Frontier Developments has a twelve month low of GBX 302 and a twelve month high of GBX 588.56. The company has a quick ratio of 2.61, a current ratio of 2.83 and a debt-to-equity ratio of 19.71. The business has a 50-day moving average price of GBX 432.72 and a 200-day moving average price of GBX 403.04. The firm has a market cap of £186.92 million, a price-to-earnings ratio of 10.81, a PEG ratio of 2.11 and a beta of 0.03.

Wall Street Analysts Forecast Growth

FDEV has been the subject of several recent analyst reports. Shore Capital Group upgraded Frontier Developments to a “buy” rating and set a GBX 650 price target for the company in a research note on Wednesday. Berenberg Bank reiterated a “buy” rating and set a GBX 600 price objective on shares of Frontier Developments in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Frontier Developments currently has an average rating of “Buy” and an average 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 that occurred on Tuesday, June 23rd. The stock was sold at an average price of GBX 404, for a total transaction of £20,539.36. Corporate insiders own 38.10% of the company’s stock.

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.