FDM Group (LON:FDM) Posts Earnings Results

Key Points

• FDM Group reported a quarterly earnings per share (EPS) of GBX 6.30 ($0.08) with a net margin of 10.34% and a return on equity of 42.26%.
• During mid-day trading, FDM shares fell by GBX 70.80 ($0.95), closing at GBX 124.20 ($1.66), with a market capitalization of £135.59 million.
• Insiders sold a total of 40,514 shares over the last 90 days, while they purchased only 1,769 shares, indicating potential concerns among board members.

FDM Group (LON:FDM - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported GBX 6.30 ($0.08) EPS for the quarter, Digital Look Earnings reports. FDM Group had a net margin of 10.34% and a return on equity of 42.26%.

FDM Group Stock Performance

Shares of LON FDM traded down GBX 2.40 ($0.03) during midday trading on Friday, hitting GBX 119 ($1.58). The company's stock had a trading volume of 18,492,295 shares, compared to its average volume of 638,768. FDM Group has a 1-year low of GBX 117.60 ($1.56) and a 1-year high of GBX 449.50 ($5.97). The firm's fifty day moving average price is GBX 207.75 and its 200-day moving average price is GBX 226.61. The company has a debt-to-equity ratio of 28.75, a quick ratio of 2.24 and a current ratio of 2.31. The firm has a market cap of £129.91 million, a P/E ratio of 4.27 and a beta of 0.97.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "house stock" rating on shares of FDM Group in a report on Wednesday.

Insider Buying and Selling at FDM Group

In related news, insider Andrew (Andy) Brown sold 13,699 shares of FDM Group stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of GBX 226 ($3.00), for a total value of £30,959.74 ($41,093.36). Also, insider Sheila Flavell sold 13,116 shares of FDM Group stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of GBX 226 ($3.00), for a total transaction of £29,642.16 ($39,344.52). Over the last 90 days, insiders acquired 1,769 shares of company stock valued at $399,136 and sold 40,514 shares valued at $9,156,164. Company insiders own 17.79% of the company's stock.

FDM Group Company Profile

FDM Group (Holdings) plc provides information technology (IT) services in the United Kingdom, North America, Europe, the Middle East, Africa, rest of Europe, and the Asia Pacific. It is involved in recruiting, training, and deploying its IT and business consultants to clients. The company was formerly known as Astra Topco Limited and changed its name to FDM Group (Holdings) plc.