FDM Group (LON:FDM) Issues Quarterly Earnings Results

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

Shares of LON:FDM opened at GBX 251.50 ($3.27) on Thursday. The firm has a market capitalization of £274.57 million, a PE ratio of 9.02 and a beta of 0.97. The company has a current ratio of 2.31, a quick ratio of 2.24 and a debt-to-equity ratio of 28.75. FDM Group has a 1-year low of GBX 211 ($2.74) and a 1-year high of GBX 472 ($6.14). The business’s 50 day moving average is GBX 240.37 and its 200-day moving average is GBX 317.25.

FDM Group Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th will be issued a GBX 22 ($0.29) dividend. This is a boost from FDM Group’s previous dividend of $10.00. The ex-dividend date is Thursday, March 20th. This represents a yield of 3.23%. FDM Group’s dividend payout ratio is 104.05%.

Insider Buying and Selling

In other news, insider Sheila Flavell acquired 338 shares of the company’s stock in a transaction dated Thursday, January 9th. The stock was bought at an average price of GBX 295 ($3.84) per share, with a total value of £997.10 ($1,297.13). Also, insider Michael (Mike) McLaren bought 225 shares of FDM Group stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of GBX 221 ($2.87) per share, for a total transaction of £497.25 ($646.87). Insiders bought a total of 775 shares of company stock valued at $199,255 over the last ninety days. 17.79% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

About FDM Group

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.