Frontier Developments (LON:FDEV) Announces Earnings Results

Frontier Developments (LON:FDEV) issued its quarterly earnings results on Wednesday. The company reported GBX 21.40 EPS for the quarter, Digital Look Earnings reports. Frontier Developments had a negative net margin of 24.05% and a negative return on equity of 30.43%.

Frontier Developments Price Performance

Shares of LON FDEV opened at GBX 529 on Thursday. The company has a market capitalization of £191.30 million, a price-to-earnings ratio of 13.00, a PEG ratio of 2.11 and a beta of 0.03. The company has a debt-to-equity ratio of 27.70, a current ratio of 2.93 and a quick ratio of 2.61. Frontier Developments has a 1-year low of GBX 176.40 and a 1-year high of GBX 588.56. The business has a 50-day moving average of GBX 495.76 and a 200-day moving average of GBX 435.21.

Analyst Upgrades and Downgrades

FDEV has been the subject of several research reports. Berenberg Bank boosted their price objective on shares of Frontier Developments from GBX 550 to GBX 600 and gave the company a “buy” rating in a research note on Thursday, November 13th. Peel Hunt boosted their price target on Frontier Developments from GBX 446 to GBX 620 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, Shore Capital restated a “buy” rating on shares of Frontier Developments in a research note on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 536.67.

Insider Buying and Selling

In related news, insider David John Walsh purchased 3,500 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was purchased at an average price of GBX 543 per share, for a total transaction of £19,005. Company insiders own 37.83% of the company’s stock.

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.