Equities analysts expect Frontier Communications Corp (NASDAQ:FTR) to report sales of $2.07 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Frontier Communications’ earnings, with estimates ranging from $2.05 billion to $2.07 billion. Frontier Communications reported sales of $2.16 billion in the same quarter last year, which would suggest a negative year over year growth rate of 4.2%. The company is expected to issue its next earnings report on Tuesday, July 30th.

On average, analysts expect that Frontier Communications will report full-year sales of $8.20 billion for the current fiscal year, with estimates ranging from $8.12 billion to $8.27 billion. For the next financial year, analysts forecast that the firm will report sales of $7.85 billion, with estimates ranging from $7.66 billion to $8.02 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Frontier Communications.

Frontier Communications (NASDAQ:FTR) last announced its quarterly earnings data on Tuesday, April 30th. The utilities provider reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.27. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Frontier Communications had a negative net margin of 8.81% and a negative return on equity of 2.14%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.58) earnings per share.

A number of brokerages recently weighed in on FTR. BidaskClub cut shares of Frontier Communications from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Zacks Investment Research cut shares of Frontier Communications from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. Royal Bank of Canada restated a “hold” rating and issued a $3.00 price objective on shares of Frontier Communications in a report on Wednesday, February 27th. Cowen restated a “hold” rating and issued a $3.00 price objective on shares of Frontier Communications in a report on Wednesday, February 27th. Finally, Raymond James cut shares of Frontier Communications from an “outperform” rating to a “market perform” rating and set a $2.51 price objective for the company. in a report on Tuesday, February 19th. Six equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock has a consensus rating of “Sell” and an average target price of $3.08.

A number of hedge funds and other institutional investors have recently bought and sold shares of FTR. Morgan Stanley grew its holdings in Frontier Communications by 34.0% during the 3rd quarter. Morgan Stanley now owns 338,395 shares of the utilities provider’s stock worth $2,197,000 after acquiring an additional 85,818 shares in the last quarter. Bank of Montreal Can grew its holdings in Frontier Communications by 1,812.2% during the 4th quarter. Bank of Montreal Can now owns 131,084 shares of the utilities provider’s stock worth $313,000 after acquiring an additional 124,229 shares in the last quarter. Arizona State Retirement System grew its holdings in Frontier Communications by 5.9% during the 4th quarter. Arizona State Retirement System now owns 162,544 shares of the utilities provider’s stock worth $387,000 after acquiring an additional 9,052 shares in the last quarter. Royal London Asset Management Ltd. acquired a new position in Frontier Communications during the 4th quarter worth approximately $34,000. Finally, Crossmark Global Holdings Inc. grew its holdings in Frontier Communications by 42.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 37,839 shares of the utilities provider’s stock worth $90,000 after acquiring an additional 11,340 shares in the last quarter. Institutional investors own 77.99% of the company’s stock.

Shares of FTR stock traded down $0.06 during trading on Friday, reaching $1.46. The company’s stock had a trading volume of 3,852,263 shares, compared to its average volume of 2,911,942. The company has a debt-to-equity ratio of 10.77, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market capitalization of $153.72 million, a P/E ratio of -1.09 and a beta of 1.52. Frontier Communications has a 1-year low of $1.32 and a 1-year high of $7.83.

About Frontier Communications

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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