Frontier Developments (LON:FDEV) Posts Quarterly Earnings Results

Frontier Developments (LON:FDEV) posted its earnings results on Wednesday. The company reported GBX 74.60 earnings per share 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 Up 19.1%

FDEV stock opened at GBX 531.25 on Wednesday. The company has a market cap of £184.52 million, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The company has a fifty day moving average price of GBX 431.21 and a 200 day moving average price of GBX 402.27. The company has a debt-to-equity ratio of 19.71, a current ratio of 2.83 and a quick ratio of 2.61. Frontier Developments has a 12 month low of GBX 302 and a 12 month high of GBX 588.56.

Analyst Ratings Changes

Several equities analysts have commented on FDEV shares. Shore Capital Group reiterated a “buy” rating and issued a GBX 650 price target on shares of Frontier Developments in a research note on Wednesday, June 10th. Berenberg Bank restated a “buy” rating and set a GBX 600 price objective on shares of Frontier Developments in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 618.75.

Insider Transactions 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 transaction of £20,539.36. 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.