Frontier Communications Corp (NASDAQ:FTR) – Jefferies Group issued their Q1 2018 earnings per share estimates for shares of Frontier Communications in a research note issued to investors on Wednesday, Zacks Investment Research reports. Jefferies Group analyst S. Goldman expects that the utilities provider will post earnings of ($0.53) per share for the quarter. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Frontier Communications’ Q2 2018 earnings at ($0.63) EPS, Q3 2018 earnings at $0.01 EPS, Q4 2018 earnings at $0.21 EPS, FY2018 earnings at ($0.95) EPS and FY2019 earnings at $1.44 EPS.
Frontier Communications (NASDAQ:FTR) last released its quarterly earnings results on Tuesday, February 27th. The utilities provider reported ($0.59) EPS for the quarter, topping the consensus estimate of ($1.12) by $0.53. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.21 billion. Frontier Communications had a negative net margin of 19.76% and a negative return on equity of 3.95%. The company’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.12) earnings per share.
A number of other equities analysts have also issued reports on the stock. Vetr upgraded shares of Frontier Communications from a “buy” rating to a “strong-buy” rating and set a $9.22 target price for the company in a research report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Frontier Communications from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Tuesday, January 9th. Barclays started coverage on shares of Frontier Communications in a research report on Friday, December 15th. They issued an “underweight” rating and a $7.00 target price for the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $8.00 target price (down previously from $16.00) on shares of Frontier Communications in a research report on Monday, November 20th. Finally, BidaskClub upgraded shares of Frontier Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, December 12th. Seven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $9.27.
Frontier Communications (FTR) traded up $0.06 during trading on Monday, hitting $7.89. 2,640,523 shares of the stock traded hands, compared to its average volume of 3,212,065. The company has a market capitalization of $620.60, a price-to-earnings ratio of -0.21 and a beta of 0.76. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 7.46. Frontier Communications has a fifty-two week low of $6.08 and a fifty-two week high of $38.40.
Large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in shares of Frontier Communications during the 4th quarter valued at about $105,000. Sciencast Management LP bought a new position in shares of Frontier Communications during the 4th quarter valued at about $115,000. Edgestream Partners L.P. bought a new position in shares of Frontier Communications during the 4th quarter valued at about $117,000. Quantbot Technologies LP bought a new position in shares of Frontier Communications during the 3rd quarter valued at about $124,000. Finally, Engineers Gate Manager LP bought a new position in shares of Frontier Communications during the 3rd quarter valued at about $138,000. Institutional investors own 71.04% of the company’s stock.
Frontier Communications Company Profile
Frontier Communications Corporation (Frontier) is a provider of communications services in the United States. The Company offers a portfolio of communications services for residential and business customers. Its products and services include data and Internet services, video services, voice services, access services and customer premise equipment (CPE).
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