Frontier Developments (LON:FDEV) Releases Earnings Results

Frontier Developments (LON:FDEV) issued its earnings results on Wednesday. The company reported GBX 74.60 earnings per share (EPS) 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 Stock Up 16.7%

Shares of FDEV traded up GBX 74.31 during trading hours on Wednesday, hitting GBX 520.31. The company had a trading volume of 860,363 shares, compared to its average volume of 167,537. Frontier Developments has a one year low of GBX 302 and a one year high of GBX 588.56. The company’s fifty day moving average price is GBX 431.21 and its two-hundred day moving average price is GBX 402.27. The company has a market capitalization of £180.72 million, a PE ratio of 10.45, 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.

Insider Activity

In related news, insider Alex Bevis sold 5,084 shares of the stock in a transaction that occurred 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Berenberg Bank reissued a “buy” rating and set a GBX 600 price target on shares of Frontier Developments in a report on Wednesday. Shore Capital Group upgraded Frontier Developments to a “buy” rating and set a GBX 650 price objective for the company in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus 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.