Frontier Developments PLC (FDEV) Announces Earnings Results
Frontier Developments PLC (LON:FDEV) announced its earnings results on Thursday. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.03, reports. Frontier Developments PLC had a net margin of 20.12% and a return on equity of 29.25%.
Shares of Frontier Developments PLC (LON FDEV) opened at 1350.00 on Friday. The firm’s market cap is GBX 457.38 million. The stock’s 50 day moving average price is GBX 796.35 and its 200 day moving average price is GBX 482.15. Frontier Developments PLC has a 12-month low of GBX 178.50 and a 12-month high of GBX 1,353.00.
A number of equities research analysts have commented on the company. Liberum Capital increased their target price on Frontier Developments PLC from GBX 850 ($10.98) to GBX 1,250 ($16.14) and gave the company a “buy” rating in a report on Thursday. FinnCap increased their target price on Frontier Developments PLC from GBX 690 ($8.91) to GBX 968 ($12.50) and gave the company a “corporate” rating in a report on Monday, August 21st. Finally, Numis Securities Ltd upgraded Frontier Developments PLC to an “add” rating and increased their target price for the company from GBX 300 ($3.87) to GBX 466 ($6.02) in a report on Thursday, June 22nd.
Frontier Developments PLC 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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