Frontier Developments (LON:FDEV) Announces Quarterly Earnings Results

Frontier Developments (LON:FDEV) posted its quarterly earnings data 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 Stock Performance

FDEV traded up GBX 22 during trading hours on Thursday, reaching GBX 539. The company’s stock had a trading volume of 595,408 shares, compared to its average volume of 169,982. The company has a debt-to-equity ratio of 19.71, a quick ratio of 2.61 and a current ratio of 2.83. Frontier Developments has a 52 week low of GBX 302 and a 52 week high of GBX 588.56. The firm has a market cap of £187.21 million, a PE ratio of 10.82, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The company’s 50-day moving average is GBX 432.72 and its 200-day moving average is GBX 403.04.

Insider Activity at Frontier Developments

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

Analysts Set New Price Targets

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

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.