Frontier Developments (LON:FDEV) Posts Quarterly Earnings Results

Frontier Developments (LON:FDEV) posted its quarterly earnings results on Wednesday. The company reported GBX 74.60 earnings per share for the quarter, Digital Look Earnings reports. Frontier Developments had a net margin of 19.43% and a return on equity of 21.13%.

Frontier Developments Trading Up 14.6%

Frontier Developments stock traded up GBX 65 during midday trading on Wednesday, reaching GBX 511. 799,727 shares of the stock traded hands, compared to its average volume of 167,189. The firm has a market cap of £177.49 million, a PE ratio of 10.26, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The company has a current ratio of 2.83, a quick ratio of 2.61 and a debt-to-equity ratio of 19.71. The company has a 50-day simple moving average of GBX 431.21 and a two-hundred day simple moving average of GBX 402.27. Frontier Developments has a 12-month low of GBX 302 and a 12-month high of GBX 588.56.

Analysts Set New Price Targets

FDEV has been the subject of a number of research analyst reports. Shore Capital Group upgraded Frontier Developments to a “buy” rating and set a GBX 650 price target for the company in a report on Wednesday. Berenberg Bank restated a “buy” rating and issued a GBX 600 price objective on shares of Frontier Developments in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 618.75.

Insider Activity at Frontier Developments

In other Frontier Developments 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 value 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.