FDM Group (LON:FDM) Announces Quarterly Earnings Results

FDM Group (LON:FDM) released its 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 Stock Up 1.0 %

LON:FDM opened at GBX 252.50 ($3.27) on Friday. The company’s 50 day moving average is GBX 239.55 and its two-hundred day moving average is GBX 316.04. The company has a market cap of £275.66 million, a PE ratio of 9.06 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 twelve month low of GBX 211 ($2.74) and a twelve month high of GBX 472 ($6.12).

FDM Group Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th will be given a dividend of GBX 22 ($0.29) per share. This represents a yield of 3.23%. The ex-dividend date is Thursday, March 20th. This is an increase from FDM Group’s previous dividend of $10.00. FDM Group’s payout ratio is currently 104.05%.

Insider Activity

In other FDM Group news, insider Michael (Mike) McLaren acquired 212 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were acquired at an average cost of GBX 235 ($3.05) per share, with a total value of £498.20 ($646.01). Also, insider Sheila Flavell acquired 338 shares of the company’s stock in a transaction dated Thursday, January 9th. The stock was acquired at an average cost of GBX 295 ($3.83) per share, for a total transaction of £997.10 ($1,292.92). Insiders have acquired 775 shares of company stock valued at $199,255 in the last ninety days. Insiders own 17.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued 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.