Frontier Group (ULCC) Scheduled to Post Earnings on Thursday

Frontier Group (NASDAQ:ULCC) is scheduled to post its quarterly earnings results before the market opens on Thursday, August 8th. Analysts expect Frontier Group to post earnings of $0.13 per share for the quarter.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.09. The business had revenue of $865.00 million during the quarter, compared to analysts’ expectations of $859.21 million. Frontier Group had a positive return on equity of 3.62% and a negative net margin of 0.67%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) EPS. 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 Down 1.0 %

ULCC opened at $3.94 on Thursday. Frontier Group has a 12 month low of $3.19 and a 12 month high of $9.50. The stock has a market capitalization of $882.40 million, a P/E ratio of -32.83 and a beta of 2.51. The business has a 50 day simple moving average of $4.77 and a 200-day simple moving average of $5.98. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.50 and a quick ratio of 0.46.

Wall Street Analysts Forecast Growth

ULCC has been the subject of several research analyst reports. Citigroup dropped their price objective on Frontier Group from $7.00 to $5.35 and set a “neutral” rating for the company in a research note on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft dropped their price target on Frontier Group from $7.00 to $5.00 and set a “hold” rating for the company in a research report on Monday, July 8th. Raymond James downgraded Frontier Group from a “market perform” rating to an “underperform” rating in a research report on Friday, July 5th. Barclays lowered their price objective on Frontier Group from $9.00 to $7.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Finally, Susquehanna reduced their target price on Frontier Group from $6.00 to $4.50 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.76.

Frontier Group Company Profile

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.