Frontier Developments (LON:FDEV) Announces Quarterly Earnings Results

Frontier Developments (LON:FDEV) released 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 27.12% and a net margin of 26.03%.

Frontier Developments Stock Down 2.8%

Shares of LON:FDEV traded down GBX 15 during trading on Friday, reaching GBX 525. The stock had a trading volume of 596,605 shares, compared to its average volume of 171,271. Frontier Developments has a one year low of GBX 302 and a one year high of GBX 588.56. The firm’s 50-day simple moving average is GBX 436.34 and its 200 day simple moving average is GBX 404.82. The company has a current ratio of 3.50, a quick ratio of 2.61 and a debt-to-equity ratio of 16.51. The company has a market capitalization of £182.35 million, a P/E ratio of 10.54, a PEG ratio of 2.11 and a beta of 0.03.

Insider Activity at Frontier Developments

In other news, insider Alex Bevis sold 50,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of GBX 516, for a total value of £258,000. Corporate insiders own 38.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FDEV shares. Berenberg Bank restated a “buy” rating and issued a GBX 600 target price on shares of Frontier Developments in a report on Wednesday. Shore Capital Group raised Frontier Developments to a “buy” rating and set a GBX 650 price objective on the stock 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 stock currently has a consensus rating of “Buy” and an average 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.