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

Frontier Group (NASDAQ:ULCC) is set 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. Persons that wish to listen to the company’s earnings 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 EPS 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 company had revenue of $973.00 million for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the company earned $0.31 earnings per share. The firm’s revenue 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 Price Performance

NASDAQ:ULCC opened at $6.91 on Tuesday. Frontier Group has a one year low of $2.79 and a one year high of $8.33. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.48 and a current ratio of 0.52. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -23.83 and a beta of 2.55. The firm’s fifty day moving average is $4.52 and its two-hundred day moving average is $4.98.

Analyst Ratings Changes

Several research firms have commented on ULCC. Evercore ISI upped their price target on shares of Frontier Group from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Frontier Group from $5.00 to $4.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered shares of Frontier Group from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 30th. Susquehanna increased their target price on shares of Frontier Group from $3.00 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, Barclays lowered their target price on shares of Frontier Group from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $5.77.

Insider Buying and Selling

In other Frontier Group news, SVP Steve Schuller sold 10,000 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 34,035 shares in the company, valued at approximately $204,210. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 81.50% of the company’s stock.

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.