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

Frontier Communications Parent (NASDAQ:FYBR) is set 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) last posted its quarterly earnings data on Friday, August 2nd. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.38). Frontier Communications Parent had a negative return on equity of 1.80% and a negative net margin of 1.62%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the company earned ($0.01) earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. 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 Stock Performance

FYBR opened at $36.14 on Friday. Frontier Communications Parent has a 52-week low of $17.51 and a 52-week high of $39.21. The firm has a market capitalization of $9.00 billion, a PE ratio of -97.68 and a beta of 1.10. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.87 and a current ratio of 0.87. The business’s 50-day simple moving average is $34.73 and its 200 day simple moving average is $29.16.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wells Fargo & Company reiterated an “equal weight” rating and set a $38.50 target price (up previously from $31.00) on shares of Frontier Communications Parent in a report on Friday, September 6th. Benchmark reiterated a “buy” rating and set a $37.00 target price on shares of Frontier Communications Parent in a report on Thursday, September 5th. Citigroup lowered Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. The Goldman Sachs Group upped their target price on Frontier Communications Parent from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, BNP Paribas upgraded Frontier Communications Parent to a “hold” rating in a research note on Monday, October 14th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target 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.