FDM Group (LON:FDM) Releases Earnings Results

FDM Group (LON:FDM) posted its earnings results on Thursday. The company reported GBX 23 ($0.30) earnings per share (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

FDM opened at GBX 252 ($3.25) on Friday. The firm’s fifty day simple moving average is GBX 238.99 and its two-hundred day simple moving average is GBX 314.97. FDM Group has a 52-week low of GBX 211 ($2.72) and a 52-week high of GBX 472 ($6.09). The company has a market cap of £275.11 million, a price-to-earnings ratio of 9.04 and a beta of 0.97. The company has a quick ratio of 2.24, a current ratio of 2.31 and a debt-to-equity ratio of 28.75.

FDM Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, June 5th will be issued a GBX 12.50 ($0.16) dividend. This represents a yield of 5%. The ex-dividend date of this dividend is Thursday, June 5th. FDM Group’s payout ratio is presently 104.05%.

Insider Transactions at FDM Group

In other news, insider Michael (Mike) McLaren acquired 225 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of GBX 221 ($2.85) per share, for a total transaction of £497.25 ($642.03). Also, insider Sheila Flavell bought 338 shares of FDM Group stock in a transaction on Thursday, January 9th. The shares were purchased at an average cost of GBX 295 ($3.81) per share, with a total value of £997.10 ($1,287.41). Insiders purchased 775 shares of company stock valued at $199,255 over the last 90 days. Corporate insiders own 17.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “house stock” rating on shares of FDM Group in a research report on Wednesday.

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.