Frontier Communications Parent (FYBR) Scheduled to Post Quarterly Earnings on Tuesday

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) is scheduled to release its earnings data after the market closes on Tuesday, November 5th. Analysts expect Frontier Communications Parent to post earnings of ($0.22) per share for the quarter.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The company reported ($0.49) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.38). The firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.46 billion. Frontier Communications Parent had a negative return on equity of 1.80% and a negative net margin of 1.62%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.01) earnings per share. On average, analysts expect Frontier Communications Parent to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Frontier Communications Parent Trading Up 1.1 %

Shares of Frontier Communications Parent stock traded up $0.41 during trading hours on Friday, reaching $36.14. The stock had a trading volume of 3,245,121 shares, compared to its average volume of 2,110,516. The firm has a 50 day simple moving average of $34.73 and a two-hundred day simple moving average of $29.12. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of -97.67 and a beta of 1.10. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.19. Frontier Communications Parent has a 1 year low of $17.51 and a 1 year high of $39.21.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. UBS Group lowered Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 6th. Raymond James lowered Frontier Communications Parent from a "strong-buy" rating to a "market perform" rating in a research report on Monday. Moffett Nathanson lowered Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 5th. TD Cowen lowered Frontier Communications Parent from a "buy" rating to a "hold" rating and reduced their price target for the stock from $39.00 to $38.50 in a research report on Tuesday, October 8th. Finally, Citigroup lowered Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 11th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $35.31.

Frontier Communications Parent Company Profile

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.