FDM Group (LON:FDM) Posts Earnings Results

FDM Group (LON:FDM) released its quarterly earnings data 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 Stock Down 1.8 %

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

FDM Group Increases Dividend

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

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

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