Frontier Developments (LON:FDEV) Announces Quarterly Earnings Results

Frontier Developments (LON:FDEV) issued its quarterly earnings data on Wednesday. The company reported GBX 74.60 EPS for the quarter, Digital Look Earnings reports. Frontier Developments had a net margin of 26.03% and a return on equity of 27.12%.

Frontier Developments Trading Down 2.2%

Shares of FDEV stock opened at GBX 528 on Friday. The stock has a market cap of £183.39 million, a price-to-earnings ratio of 10.60, a P/E/G ratio of 2.11 and a beta of 0.03. Frontier Developments has a 52-week low of GBX 302 and a 52-week high of GBX 588.56. The firm has a fifty day moving average of GBX 434.76 and a 200-day moving average of GBX 403.97. The company has a debt-to-equity ratio of 16.51, a quick ratio of 2.61 and a current ratio of 3.50.

Wall Street Analyst Weigh In

FDEV has been the topic of several research reports. Berenberg Bank restated a “buy” rating and set a GBX 600 price target on shares of Frontier Developments in a research note on Wednesday. Shore Capital Group raised Frontier Developments to a “buy” rating and set a GBX 650 price target on the stock in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 618.75.

Insider Buying and Selling at Frontier Developments

In related news, insider Alex Bevis sold 5,084 shares of the business’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. 38.10% of the stock is owned by company insiders.

About Frontier Developments

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.