Frontier Developments (LON:FDEV) Announces Quarterly Earnings Results

Frontier Developments (LON:FDEV) released its quarterly earnings data on Wednesday. The company reported GBX 21.40 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Frontier Developments had a negative return on equity of 30.43% and a negative net margin of 24.05%.

Frontier Developments Stock Performance

LON FDEV opened at GBX 534.12 on Thursday. The firm has a 50-day moving average price of GBX 495.76 and a two-hundred day moving average price of GBX 435.21. Frontier Developments has a 12-month low of GBX 176.40 and a 12-month high of GBX 588.56. The company has a market capitalization of £193.15 million, a P/E ratio of 13.12, a P/E/G ratio of 2.11 and a beta of 0.03. The company has a quick ratio of 2.61, a current ratio of 2.93 and a debt-to-equity ratio of 27.70.

Insider Activity

In related news, insider David John Walsh purchased 1,500 shares of Frontier Developments stock in a transaction that occurred on Thursday, November 13th. The shares were acquired at an average price of GBX 537 per share, with a total value of £8,055. Company insiders own 37.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Shore Capital reaffirmed a “buy” rating on shares of Frontier Developments in a research report on Thursday, November 6th. Peel Hunt upped their price target on shares of Frontier Developments from GBX 446 to GBX 620 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Berenberg Bank raised their price objective on shares of Frontier Developments from GBX 550 to GBX 600 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 536.67.

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.