Frontier Group (NASDAQ:ULCC) Issues Quarterly Earnings Results

Frontier Group (NASDAQ:ULCC - Get Free Report) issued its quarterly earnings results on Friday. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.20, Zacks reports. Frontier Group updated its Q1 2025 guidance to 0.000-0.070 EPS and its FY 2025 guidance to 1.000- EPS.

Frontier Group Stock Performance

Shares of NASDAQ:ULCC traded down $0.33 during midday trading on Tuesday, hitting $9.73. The company had a trading volume of 2,291,587 shares, compared to its average volume of 2,692,064. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.53 and a quick ratio of 0.48. The company has a market cap of $2.19 billion, a price-to-earnings ratio of -243.19 and a beta of 2.35. Frontier Group has a 12-month low of $2.79 and a 12-month high of $10.26. The company has a fifty day moving average of $7.53 and a two-hundred day moving average of $5.84.

Insider Transactions at Frontier Group

In other Frontier Group news, Director Josh T. Connor sold 30,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $5.74, for a total value of $172,200.00. Following the completion of the sale, the director now owns 326,550 shares in the company, valued at approximately $1,874,397. This represents a 8.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Barry Biffle sold 273,000 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $8.44, for a total value of $2,304,120.00. Following the completion of the sale, the chief executive officer now owns 816,817 shares of the company's stock, valued at $6,893,935.48. The trade was a 25.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 788,000 shares of company stock worth $6,214,070 in the last three months. Corporate insiders own 81.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ULCC shares. Susquehanna upped their price objective on Frontier Group from $6.00 to $8.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Morgan Stanley lowered their price objective on Frontier Group from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised Frontier Group from a "hold" rating to a "buy" rating and upped their price objective for the company from $6.00 to $8.00 in a research report on Wednesday, December 11th. Barclays upped their price objective on Frontier Group from $10.00 to $14.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Citigroup upped their price objective on Frontier Group from $4.70 to $7.15 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $7.41.

Frontier Group Company Profile

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.