Frontier Communications Parent (FYBR) Scheduled to Post Earnings on Friday

Frontier Communications Parent (NASDAQ:FYBR) is scheduled to announce its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Frontier Communications Parent (NASDAQ:FYBR) last released its quarterly earnings data on Friday, February 23rd. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. Frontier Communications Parent had a return on equity of 0.56% and a net margin of 0.50%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the company posted $0.63 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. On average, analysts expect Frontier Communications Parent to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Frontier Communications Parent Trading Down 1.9 %

NASDAQ:FYBR opened at $23.14 on Wednesday. The business’s 50-day moving average is $23.51 and its two-hundred day moving average is $22.61. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.22 and a quick ratio of 1.22. Frontier Communications Parent has a 12 month low of $11.65 and a 12 month high of $25.89. The firm has a market capitalization of $5.75 billion, a PE ratio of 192.83 and a beta of 1.05.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FYBR. Citigroup raised Frontier Communications Parent from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $28.00 to $30.00 in a research report on Monday, April 15th. Bank of America started coverage on Frontier Communications Parent in a research note on Tuesday, April 9th. They issued a “buy” rating and a $30.00 price target for the company. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $27.43.

About Frontier Communications Parent

Frontier Communications Parent, Inc, together with its subsidiaries, provides communication and technology services in the United States. It offers broadband, video, voice, and other value-added services. The company also provides data and Internet, including broadband networking services; data-based voice over internet protocol, unified communications, long-distance, and voice messaging services; video services under the Frontier TV brand; access services; hardware and network solutions; and packages of services.