Frontier Group (ULCC) to Post Quarterly Earnings on Thursday

Frontier Group (NASDAQ:ULCC) will issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Frontier Group Trading Down 5.4 %

NASDAQ:ULCC opened at $6.36 on Thursday. Frontier Group has a 1 year low of $3.19 and a 1 year high of $10.57. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -106.00 and a beta of 2.57. The business has a fifty day moving average of $7.30 and a 200-day moving average of $5.66. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.48 and a current ratio of 0.53.

Analyst Ratings Changes

ULCC has been the subject of several recent analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $8.00 price target (down previously from $10.00) on shares of Frontier Group in a research note on Monday, January 8th. UBS Group initiated coverage on Frontier Group in a research note on Wednesday, March 20th. They issued a “neutral” rating and a $8.00 price target for the company. TD Cowen increased their price target on Frontier Group from $5.00 to $12.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 7th. Barclays raised their target price on Frontier Group from $7.00 to $9.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Finally, Bank of America reaffirmed a “neutral” rating and set a $6.00 target price (down previously from $8.00) on shares of Frontier Group in a research note on Tuesday, January 9th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7.78.

Insider Activity

In other news, CEO Barry Biffle sold 14,500 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $7.21, for a total transaction of $104,545.00. Following the completion of the sale, the chief executive officer now directly owns 63,949 shares of the company’s stock, valued at $461,072.29. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 81.50% of the stock is currently owned by company insiders.

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.