Frontier Developments (FDEV) Releases Earnings Results

Frontier Developments (LON:FDEV) issued its earnings results on Tuesday. The company reported GBX 8 ($0.11) earnings per share for the quarter, Bloomberg Earnings reports. Frontier Developments had a return on equity of 27.97% and a net margin of 21.13%. The firm had revenue of £189.90 billion for the quarter.

Frontier Developments (LON:FDEV) opened at GBX 1,248.50 ($17.51) on Thursday. The stock has a market capitalization of $503.78 and a price-to-earnings ratio of 6,242.50. Frontier Developments has a 12-month low of GBX 270 ($3.79) and a 12-month high of GBX 1,540 ($21.59).

Several equities research analysts recently weighed in on the company. Liberum Capital reissued a “buy” rating on shares of Frontier Developments in a report on Wednesday, January 10th. FinnCap reaffirmed a “corporate” rating and set a GBX 1,700 ($23.84) target price on shares of Frontier Developments in a research report on Tuesday.

In related news, insider David John Walsh bought 3,500 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was acquired at an average cost of GBX 1,304 ($18.28) per share, with a total value of £45,640 ($63,993.27).

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Frontier Developments Company Profile

Frontier Developments plc is engaged in developing non-game applications and video games for the entertainment sector. The Company’s segments include self-published and external publishers. The self-published segment is engaged in sales of the game and digital in-game. The Company has completed work for external publishers, including Screamride and Tales from Deep Space.

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