Frontier Group (ULCC) Set to Announce Earnings on Tuesday

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

Frontier Group (NASDAQ:ULCC) last issued its earnings results on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The business’s revenue for the quarter was up .6% 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 Trading Up 0.7 %

Shares of ULCC stock opened at $7.03 on Friday. The company’s fifty day simple moving average is $4.81 and its two-hundred day simple moving average is $4.98. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.52 and a quick ratio of 0.48. Frontier Group has a 1 year low of $2.79 and a 1 year high of $8.33. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -58.58 and a beta of 2.55.

Insider Buying and Selling

In related news, SVP Steve Schuller sold 10,000 shares of the company’s stock in a transaction 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 directly owns 34,035 shares in the company, valued at approximately $204,210. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 81.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

ULCC has been the topic of a number of analyst reports. Citigroup boosted their target price on shares of Frontier Group from $4.70 to $7.15 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lowered shares of Frontier Group from a “neutral” rating to an “underweight” rating in a research report on Tuesday, July 30th. Bank of America reduced 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 report on Friday, September 13th. Deutsche Bank Aktiengesellschaft reduced their price target 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. Finally, TD Cowen boosted their price target on shares of Frontier Group from $3.00 to $4.00 and gave the company a “hold” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Frontier Group has an average rating of “Hold” and a consensus price target of $6.02.

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.