Frontier Group (ULCC) Set to Announce Quarterly Earnings on Tuesday

Frontier Group (NASDAQ:ULCC) is scheduled to announce its earnings results before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. Frontier Group had a negative net margin of 1.77% and a negative return on equity of 4.09%. The business had revenue of $973.00 million during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the company posted $0.31 EPS. The business’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts expect Frontier Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Frontier Group Stock Performance

Frontier Group stock opened at $6.91 on Tuesday. The firm has a 50 day simple moving average of $4.52 and a 200-day simple moving average of $4.98. Frontier Group has a 1-year low of $2.79 and a 1-year high of $8.33. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.52 and a quick ratio of 0.48. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -23.83 and a beta of 2.55.

Insider Buying and Selling at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $6.00, for a total value of $60,000.00. Following the completion of the transaction, the senior vice president now owns 34,035 shares of the company’s stock, valued at $204,210. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 81.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ULCC has been the subject of several analyst reports. JPMorgan Chase & Co. cut shares of Frontier Group from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 30th. Bank of America dropped their price target on shares of Frontier Group from $5.50 to $5.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. TD Cowen increased their price objective on shares of Frontier Group from $3.00 to $4.00 and gave the stock a “hold” rating in a research report on Monday, September 16th. Barclays lowered their price objective on shares of Frontier Group from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Frontier Group from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $5.77.

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.