Frontier Group (ULCC) Expected to Announce Earnings on Tuesday

Frontier Group (NASDAQ:ULCC) is expected to post its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect Frontier Group to post earnings of $0.03 per share and revenue of $960,330.00 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Frontier Group (NASDAQ:ULCC) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The business had revenue of $935.00 million during the quarter, compared to the consensus estimate of $943.30 million. During the same period last year, the firm earned ($0.14) earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. 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 Down 0.6 %

Shares of NASDAQ:ULCC opened at $8.37 on Tuesday. The company has a market capitalization of $1.89 billion, a P/E ratio of -209.20 and a beta of 2.32. The stock’s fifty day simple moving average is $6.97 and its 200-day simple moving average is $5.53. Frontier Group has a 52-week low of $2.79 and a 52-week high of $8.85. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.57.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ULCC shares. Raymond James raised shares of Frontier Group from an “underperform” rating to a “market perform” rating in a research note on Monday, September 30th. Citigroup lifted their target price on shares of Frontier Group from $4.70 to $7.15 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Barclays increased their price target on Frontier Group from $7.00 to $10.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Evercore ISI lifted their price objective on Frontier Group from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Finally, Susquehanna increased their target price on Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.96.

Insider Transactions at Frontier Group

In other news, SVP Steve Schuller sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $7.07, for a total value of $35,350.00. Following the completion of the sale, the senior vice president now owns 47,590 shares of the company’s stock, valued at $336,461.30. This represents a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Josh T. Connor sold 30,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $5.74, for a total value of $172,200.00. Following the completion of the sale, the director now owns 326,550 shares of the company’s stock, valued at approximately $1,874,397. This trade represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 788,000 shares of company stock worth $6,214,070. 81.50% of the stock is currently owned by company insiders.

Frontier Group Company Profile

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.