Analysts predict that Frontier Communications Corp (NASDAQ:FTR) will post earnings of ($0.35) per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Frontier Communications’ earnings, with estimates ranging from ($0.60) to ($0.12). Frontier Communications posted earnings of ($0.07) per share during the same quarter last year, which would suggest a negative year over year growth rate of 400%. The firm is expected to report its next quarterly earnings results on Tuesday, November 5th.

On average, analysts expect that Frontier Communications will report full-year earnings of ($52.37) per share for the current financial year, with EPS estimates ranging from ($53.33) to ($51.54). For the next financial year, analysts forecast that the company will report earnings of ($0.14) per share, with EPS estimates ranging from ($1.05) to $0.95. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Frontier Communications.

Frontier Communications (NASDAQ:FTR) last issued its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $1.26. Frontier Communications had a positive return on equity of 21.42% and a negative net margin of 71.86%. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the prior year, the firm posted ($0.92) EPS. The firm’s quarterly revenue was down 4.4% on a year-over-year basis.

Several equities research analysts have recently weighed in on the company. Citigroup upped their price target on Frontier Communications from $1.00 to $1.50 and gave the company a “positive” rating in a research report on Thursday, June 20th. They noted that the move was a valuation call. Guggenheim set a $1.00 price objective on shares of Frontier Communications and gave the company a “sell” rating in a research report on Wednesday, August 7th. Cowen set a $2.00 price objective on shares of Frontier Communications and gave the company a “hold” rating in a research note on Wednesday, August 7th. ValuEngine raised shares of Frontier Communications from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada set a $1.00 target price on shares of Frontier Communications and gave the stock a “hold” rating in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $2.25.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fiera Capital Corp bought a new position in shares of Frontier Communications in the second quarter worth approximately $350,000. Cetera Advisors LLC purchased a new stake in Frontier Communications in the first quarter valued at approximately $35,000. Royce & Associates LP raised its stake in Frontier Communications by 40.6% in the first quarter. Royce & Associates LP now owns 26,468 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 7,640 shares in the last quarter. Commonwealth Bank of Australia raised its stake in Frontier Communications by 23.7% in the first quarter. Commonwealth Bank of Australia now owns 847,100 shares of the utilities provider’s stock valued at $1,681,000 after purchasing an additional 162,300 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Frontier Communications during the first quarter valued at approximately $860,000. 73.39% of the stock is owned by institutional investors.

FTR stock traded up $0.17 during mid-day trading on Friday, reaching $1.19. 4,138,619 shares of the company traded hands, compared to its average volume of 3,475,295. The company has a debt-to-equity ratio of 10.77, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $89.33 million, a P/E ratio of -0.89 and a beta of 1.54. Frontier Communications has a 52-week low of $0.67 and a 52-week high of $7.25. The company has a fifty day moving average price of $0.94 and a 200-day moving average price of $1.80.

Frontier Communications Company Profile

Frontier Communications Corporation provides communications services to consumer, commercial, and wholesale customers in the United States. It offers broadband, video, voice, and other services and products through a combination of fiber and copper-based networks to consumer customers. The company also provides Ethernet and traditional circuit-based services; software defined wide area network, managed Wi-Fi and cloud IT solutions, voice and Unified Communications as a Service (UCaaS), and Voice over Internet Protocol (VoIP) services, as well as hardware and network solutions and services to small and medium business, and large enterprises.

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