Frontier Group (ULCC) to Release Earnings on Tuesday

Frontier Group (NASDAQ:ULCC - Get Free Report) will likely be issuing 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. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Frontier Group Price Performance

Shares of Frontier Group stock traded down $0.31 on Wednesday, reaching $7.84. The stock had a trading volume of 3,311,863 shares, compared to its average volume of 2,498,142. The company has a market cap of $1.77 billion, a P/E ratio of -195.95 and a beta of 2.34. Frontier Group has a 1 year low of $2.79 and a 1 year high of $8.85. The business's 50 day moving average is $7.29 and its two-hundred day moving average is $5.70. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.57.

Analysts Set New Price Targets

ULCC has been the subject of several recent analyst reports. Morgan Stanley cut their price objective on Frontier Group from $8.00 to $7.00 and set an "equal weight" rating for the company in a report on Wednesday, December 11th. 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. UBS Group upped their target price on shares of Frontier Group from $6.00 to $8.50 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Susquehanna lifted their price target on Frontier Group from $6.00 to $8.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded Frontier Group from a "hold" rating to a "buy" rating and upped their price objective for the stock from $6.00 to $8.00 in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $6.96.

Insider Activity at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 5,000 shares of Frontier Group stock in a transaction dated Thursday, January 2nd. The shares were 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 directly owns 47,590 shares of the company's stock, valued at approximately $336,461.30. The trade was a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Josh T. Connor sold 30,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $5.74, for a total transaction of $172,200.00. Following the sale, the director now owns 326,550 shares in the company, valued at approximately $1,874,397. The trade was a 8.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 788,000 shares of company stock valued at $6,214,070 in the last 90 days. Corporate 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.