Frontier Communications Parent (NASDAQ:FYBR) Posts Earnings Results, Misses Estimates By $0.28 EPS

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) posted its earnings results on Thursday. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.28), Zacks reports. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion.

Frontier Communications Parent Stock Performance

NASDAQ:FYBR traded down $0.02 during trading hours on Monday, reaching $35.76. The stock had a trading volume of 2,708,607 shares, compared to its average volume of 2,480,397. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a 50 day simple moving average of $35.40 and a 200 day simple moving average of $34.47. Frontier Communications Parent has a 12-month low of $21.31 and a 12-month high of $39.21. The stock has a market cap of $8.90 billion, a P/E ratio of -27.72 and a beta of 1.05.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Benchmark lowered Frontier Communications Parent from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Raymond James lowered Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $35.31.

About Frontier Communications Parent

Frontier Communications Parent, Inc, together with its subsidiaries, provides communication and technology services in the United States. It offers broadband, video, voice, and other value-added services. The company also provides data and Internet, including broadband networking services; data-based voice over internet protocol, unified communications, long-distance, and voice messaging services; video services under the Frontier TV brand; access services; hardware and network solutions; and packages of services.