Equities research analysts predict that Frontier Communications Corp (NASDAQ:FTR) will report sales of $2.02 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Frontier Communications’ earnings. The lowest sales estimate is $2.01 billion and the highest is $2.03 billion. Frontier Communications posted sales of $2.13 billion during the same quarter last year, which suggests a negative year over year growth rate of 5.2%. The business is scheduled to announce its next earnings results on Tuesday, November 5th.
On average, analysts expect that Frontier Communications will report full-year sales of $8.17 billion for the current year, with estimates ranging from $8.16 billion to $8.19 billion. For the next year, analysts expect that the company will report sales of $7.72 billion, with estimates ranging from $7.61 billion to $7.85 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Frontier Communications.
Frontier Communications (NASDAQ:FTR) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $1.26. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Frontier Communications had a positive return on equity of 21.42% and a negative net margin of 71.86%. Frontier Communications’s revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.92) earnings per share.
Several large investors have recently bought and sold shares of the company. Cetera Advisors LLC bought a new position in shares of Frontier Communications during the first quarter valued at about $35,000. BNP Paribas Arbitrage SA grew its position in Frontier Communications by 453.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 25,475 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 20,869 shares in the last quarter. Marathon Trading Investment Management LLC purchased a new stake in Frontier Communications in the 1st quarter valued at about $51,000. Royce & Associates LP increased its stake in Frontier Communications by 40.6% in the 1st quarter. Royce & Associates LP now owns 26,468 shares of the utilities provider’s stock valued at $53,000 after buying an additional 7,640 shares during the last quarter. Finally, World Asset Management Inc lifted its position in shares of Frontier Communications by 135.8% during the 1st quarter. World Asset Management Inc now owns 49,241 shares of the utilities provider’s stock worth $98,000 after buying an additional 28,358 shares in the last quarter. 73.39% of the stock is owned by institutional investors.
Frontier Communications stock traded up $0.17 during mid-day trading on Friday, hitting $1.19. 4,138,619 shares of the stock were exchanged, compared to its average volume of 3,475,295. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 10.77. Frontier Communications has a 12 month low of $0.67 and a 12 month high of $7.25. The firm’s fifty day simple moving average is $0.94 and its two-hundred day simple moving average is $1.80. The stock has a market capitalization of $89.33 million, a price-to-earnings ratio of -0.89 and a beta of 1.54.
About Frontier Communications
Frontier Communications Corporation provides communications services to consumer, commercial, and wholesale customers in the United States. It offers broadband, video, voice, and other services and products through a combination of fiber and copper-based networks to consumer customers. The company also provides Ethernet and traditional circuit-based services; software defined wide area network, managed Wi-Fi and cloud IT solutions, voice and Unified Communications as a Service (UCaaS), and Voice over Internet Protocol (VoIP) services, as well as hardware and network solutions and services to small and medium business, and large enterprises.
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