Frontier Group (ULCC) Expected to Announce Quarterly Earnings on Tuesday

Frontier Group (NASDAQ:ULCC - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $960.33 million for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Frontier Group (NASDAQ:ULCC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The business had revenue of $935.00 million for the quarter, compared to the consensus estimate of $943.30 million. During the same quarter in the prior year, the firm earned ($0.14) earnings per share. The business's revenue was up 5.9% compared to the same quarter last year. On average, analysts expect Frontier Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Frontier Group Stock Performance

Shares of NASDAQ:ULCC traded down $0.59 on Tuesday, reaching $7.78. The company's stock had a trading volume of 3,083,098 shares, compared to its average volume of 2,380,347. Frontier Group has a 52-week low of $2.79 and a 52-week high of $8.85. The stock has a market capitalization of $1.75 billion, a P/E ratio of -194.45 and a beta of 2.32. The stock's 50-day moving average is $6.97 and its two-hundred day moving average is $5.53. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.53 and a quick ratio of 0.48.

Analyst Upgrades and Downgrades

ULCC has been the topic of several analyst reports. UBS Group lifted their target price on Frontier Group from $6.00 to $8.50 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Group from a "hold" rating to a "buy" rating and lifted their price objective for the company from $6.00 to $8.00 in a research report on Wednesday, December 11th. Morgan Stanley cut their price objective on shares of Frontier Group from $8.00 to $7.00 and set an "equal weight" rating for the company in a research report on Wednesday, December 11th. Evercore ISI boosted their price target on shares of Frontier Group from $4.00 to $5.00 and gave the stock an "in-line" rating in a research note on Thursday, October 3rd. Finally, Citigroup raised their price objective on shares of Frontier Group from $4.70 to $7.15 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $6.96.

Insider Activity

In other news, SVP Steve Schuller sold 5,000 shares of the firm's stock in a transaction 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 transaction, the senior vice president now owns 47,590 shares in the company, valued at $336,461.30. This trade represents a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Josh T. Connor sold 30,000 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $5.74, for a total transaction of $172,200.00. Following the completion of the sale, the director now owns 326,550 shares in the company, valued at $1,874,397. This represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 788,000 shares of company stock worth $6,214,070. Company insiders own 81.50% of the company's stock.

About Frontier Group

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.