Frontier Group (NASDAQ:ULCC) Issues Q1 Earnings Guidance

Frontier Group (NASDAQ:ULCC) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $(0.24)-(0.20) for the period, compared to the consensus estimate of ($0.04).

Frontier Group Trading Down 5.6 %

NASDAQ:ULCC opened at $3.37 on Friday. Frontier Group has a 52 week low of $2.79 and a 52 week high of $10.26. The firm has a 50-day moving average price of $6.33 and a two-hundred day moving average price of $6.58. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.48 and a current ratio of 0.53. The firm has a market cap of $765.83 million, a price-to-earnings ratio of 9.36 and a beta of 2.52.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.20. Frontier Group had a return on equity of 9.83% and a net margin of 2.25%. On average, equities analysts expect that Frontier Group will post 0.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ULCC has been the subject of a number of research reports. Evercore ISI cut their price target on shares of Frontier Group from $7.00 to $5.00 and set an “in-line” rating for the company in a research note on Friday. UBS Group reduced their price target on shares of Frontier Group from $7.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Deutsche Bank Aktiengesellschaft cut shares of Frontier Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $12.00 to $8.00 in a research report on Tuesday, March 4th. Barclays decreased their price objective on Frontier Group from $14.00 to $10.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Susquehanna decreased their target price on shares of Frontier Group from $9.00 to $3.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Frontier Group presently has a consensus rating of “Hold” and an average price target of $6.11.

Insider Transactions at Frontier Group

In related news, CEO Barry Biffle sold 160,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $8.38, for a total transaction of $1,340,800.00. Following the completion of the transaction, the chief executive officer now owns 864,817 shares in the company, valued at approximately $7,247,166.46. This represents a 15.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Alexandre Clerc sold 15,152 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $6.63, for a total transaction of $100,457.76. Following the completion of the transaction, the senior vice president now directly owns 23,912 shares of the company’s stock, valued at approximately $158,536.56. This trade represents a 38.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 535,982 shares of company stock worth $4,515,647. Corporate insiders own 81.50% of the company’s stock.

About Frontier Group

Frontier Group Holdings, Inc, provides low-fare passenger airline services to leisure travelers in the United States and Latin America. The company sells its products through direct distribution channels, including its website, mobile app, and contact centers. As of December 31, 2023, it had a fleet of 136 Airbus single-aisle aircrafts.