Frontier Developments (LON:FDEV) Releases Earnings Results

Frontier Developments (LON:FDEV) posted 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 3.7%

Shares of LON FDEV traded up GBX 19 during trading hours on Thursday, hitting GBX 536. 560,137 shares of the stock were exchanged, compared to its average volume of 169,781. Frontier Developments has a 12 month low of GBX 302 and a 12 month high of GBX 588.56. The firm has a fifty day moving average price of GBX 432.72 and a 200-day moving average price of GBX 403.04. 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 company has a market cap of £186.17 million, a PE ratio of 10.76, a PEG ratio of 2.11 and a beta of 0.03.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Shore Capital Group raised shares of Frontier Developments to a “buy” rating and set a GBX 650 target price for the company in a research note on Wednesday. Berenberg Bank reissued a “buy” rating and set a GBX 600 price objective 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 company 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 company’s stock in a transaction dated 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.