Equities analysts expect that Frontier Communications Corp (NASDAQ:FTR) will announce earnings per share (EPS) of ($1.12) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Frontier Communications’ earnings, with estimates ranging from ($1.23) to ($0.99). Frontier Communications posted earnings of ($0.60) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 86.7%. The firm is expected to report its next earnings report after the market closes on Tuesday, February 27th.

According to Zacks, analysts expect that Frontier Communications will report full year earnings of ($4.16) per share for the current fiscal year, with EPS estimates ranging from ($4.32) to ($3.97). For the next year, analysts anticipate that the firm will post earnings of ($2.30) per share, with EPS estimates ranging from ($3.14) to ($1.40). Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Frontier Communications.

A number of equities analysts have weighed in on FTR shares. Vetr lowered Frontier Communications from a “strong-buy” rating to a “buy” rating and set a $13.35 target price for the company. in a research report on Tuesday, October 31st. BidaskClub raised Frontier Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research raised 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. Deutsche Bank decreased their target price on Frontier Communications from $17.00 to $15.00 and set a “hold” rating for the company in a research report on Tuesday, October 10th. Finally, Cowen reissued a “hold” rating and issued a $14.00 target price on shares of Frontier Communications in a research report on Thursday, October 19th. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $9.49.

Shares of Frontier Communications (NASDAQ FTR) traded up $0.12 during trading hours on Friday, reaching $7.78. The company’s stock had a trading volume of 1,920,465 shares, compared to its average volume of 2,629,829. Frontier Communications has a fifty-two week low of $6.08 and a fifty-two week high of $51.30. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 5.16. The stock has a market cap of $595.50, a price-to-earnings ratio of -0.57 and a beta of 0.67.

A number of large investors have recently added to or reduced their stakes in FTR. State of Alaska Department of Revenue bought a new position in Frontier Communications in the 4th quarter valued at $105,000. Shelton Capital Management bought a new position in Frontier Communications in the 2nd quarter valued at $111,000. GSA Capital Partners LLP bought a new position in Frontier Communications in the 2nd quarter valued at $113,000. Quantbot Technologies LP bought a new position in Frontier Communications in the 3rd quarter valued at $124,000. Finally, MML Investors Services LLC grew its position in Frontier Communications by 204.3% in the 2nd quarter. MML Investors Services LLC now owns 118,366 shares of the utilities provider’s stock valued at $137,000 after acquiring an additional 79,473 shares during the last quarter. Institutional investors own 62.94% of the company’s stock.

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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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