Frontier Group (NASDAQ:ULCC) Announces Quarterly Earnings Results

Frontier Group (NASDAQ:ULCC - Get Free Report) announced its earnings results on Friday. The company reported $0.23 EPS for the quarter, topping the consensus estimate 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 Down 3.3 %

ULCC stock traded down $0.33 during midday trading on Tuesday, reaching $9.73. 2,291,587 shares of the company's stock traded hands, compared to its average volume of 2,692,064. Frontier Group has a 52 week low of $2.79 and a 52 week high of $10.26. The company has a market cap of $2.19 billion, a price-to-earnings ratio of -243.19 and a beta of 2.35. The firm's fifty day moving average price is $7.53 and its 200-day moving average price is $5.84. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.57.

Insider Activity

In other news, SVP Steve Schuller sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $7.07, for a total value of $35,350.00. Following the completion of the sale, the senior vice president now directly owns 47,590 shares of the company's stock, valued at $336,461.30. This represents a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Barry Biffle sold 160,000 shares of Frontier Group stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $6.88, for a total value of $1,100,800.00. Following the transaction, the chief executive officer now directly owns 784,817 shares in the company, valued at approximately $5,399,540.96. The trade was a 16.93 % 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 over the last three months. 81.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Susquehanna lifted their price objective on Frontier Group from $6.00 to $8.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. UBS Group lifted their price objective on Frontier Group from $6.00 to $8.50 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Morgan Stanley cut their target price 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. Citigroup lifted their target price on Frontier Group from $4.70 to $7.15 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Finally, Barclays increased their price target on Frontier Group from $10.00 to $14.00 and gave the stock an "overweight" rating in a report on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.