Frontier Developments PLC (FDEV) Announces Quarterly Earnings Results, Misses Expectations By $0.03 EPS
Frontier Developments PLC (LON:FDEV) posted its quarterly earnings data on Thursday. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.03, reports. Frontier Developments PLC had a return on equity of 29.25% and a net margin of 20.12%.
Shares of Frontier Developments PLC (LON:FDEV) traded up 9.09% during midday trading on Friday, reaching GBX 1350.00. 32,419 shares of the company’s stock were exchanged. The company’s market capitalization is GBX 457.38 million. Frontier Developments PLC has a 1-year low of GBX 178.50 and a 1-year high of GBX 1,353.00. The firm has a 50-day moving average of GBX 796.35 and a 200-day moving average of GBX 482.15.
Several equities research analysts recently weighed in on the stock. Liberum Capital upped their price objective on shares of Frontier Developments PLC from GBX 850 ($10.98) to GBX 1,250 ($16.14) and gave the stock a “buy” rating in a report on Thursday. FinnCap upped their price target on shares of Frontier Developments PLC from GBX 500 ($6.46) to GBX 690 ($8.91) and gave the company a “corporate” rating in a report on Friday, July 28th. Finally, Numis Securities Ltd raised shares of Frontier Developments PLC to an “add” rating and upped their price target for the company from GBX 300 ($3.87) to GBX 466 ($6.02) in a report on Thursday, June 22nd.
About Frontier Developments PLC
Frontier Developments plc is engaged in developing non-game applications and video games for the entertainment sector. The Company’s segments include self-published and external publishers. The self-published segment is engaged in sales of the game and digital in-game. The Company has completed work for external publishers, including Screamride and Tales from Deep Space.
Receive News & Stock Ratings for Frontier Developments PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontier Developments PLC and related stocks with our FREE daily email newsletter.